boAt Lifestyle, it’s not just a brand name, it’s one of the best Indian Brands when it comes to wearables. The company that started making earphones are now manufacturing a lot of things. digital watch, trimmers, hair straightener to name a few. The company has plans to even start producing other stuff as well. And that is why the boat is now open to Initial Public Offering(IPO). If you do not know what an IPO is worry not in this article we will tell you everything you need to know about IPO and to be specific boat IPO. We will try to make an accurate boat IPO price prediction for you. We will tell you the pros and cons of buying a boat IPO so that you can ultimately decide if the share is for you.
Note: The Cryptocurrency market isn’t a place of luck. It’s a place for taking risks and making profits. The only thing important is that one takes a calculated risk. Having correct knowledge and information one can rule the stock market. So let’s begin and get to know everything about this Price Prediction.
What is boAt IPO?
Indian wearable brand boAt has been the 5th brand globally when it comes to selling wearable. The company is planning to raise 3500 cr from its IPO. One of the main reasons for the boAt IPO is to offer some of its existing clients an exit. We should tell you that boAt is an Indian startup that was started in 2016 by Aman Gupta and Sameer Mehta. Boat IPO price prediction will depend on its valuation and future plans. The company produces some of the best earphones, speakers, travel adapters, cables and other lifestyle products. Some reports have suggested that the company is looking for a valuation of a minimum of $1.4bn which is 10,000 cr in Indian rupees. The company is planning to release its IPO somewhere around 2022 March and May.
boat ipo price prediction
Now it’s time to discuss the things we all want to know. What could be the price of the IPO of BoAt? To know that let’s just talk about some numbers related to the company. We already told you that the company is planning to get a valuation of approx 1.4 Billion dollors. But a year ago a USA based company did its valuation and it was only 2000 cr in Indian rupees. By which the company raised 100 million dollars from Warburg Pincus. We should also tell you that the company has raised $116 million from many investors and it aims to give its investors a way out by offering this IPO.
Recently the company received 6.7 million dollars from Qualcomm Ventures. The company showed 700 cr revenue for FY2020 Which is a huge growth from last year. In the year 2019, the company showed total revenue of 80 cr. Considering all that this we can say for sure is that this could be one of the best IPO’s that you can purchase in the year 2022.
Stay tuned with the global coverage for more updates.