boAt is looking to raise INR 2,000 Cr from IPO and is likely to file its DRHP this week
According to Inc42 sources, the IPO offer will include fresh issue of shares worth INR 1,000 Cr and offer for sale worth INR 1,000 Cr
To manage its IPO, the startup has already roped in Credit Suisse, Bank of America, Axis Bank and ICICI Securities
Ahead of what is said to be the first Indian D2C startup heading for a public listing, boAt has passed a resolution to convert itself into a public company.
According to the latest regulatory filing, in a board meeting dated January 18, 2022, the company has passed a resolution to convert its parent company name from Imagine Marketing Private Limited to Imagine Marketing Limited.