boAt IPO is one of India’s most anticipated public issues. Get full details on boAt IPO date, price, allotment, financials and expert review.
Introduction: boAt IPO Overview
The boAt IPO is one of India’s most anticipated public issues. boAt, under Imagine Marketing Ltd., has become a leading brand in wearables and consumer electronics. From budget-friendly Airdopes to stylish smartwatches, boAt has captured the attention of millennials and tech-savvy consumers.
With the boAt IPO date approaching, investors are asking: What is the boAt IPO price? How to apply? When will the allotment be announced? In this blog, we will answer all these questions and provide a complete boAt IPO review.
About boAt and Imagine Marketing
boAt, founded in 2016 by Aman Gupta and Sameer Mehta, is India’s leading wearable tech brand. It operates under Imagine Marketing Ltd., headquartered in Mumbai. The company specializes in:
- Wireless earphones (boAt Airdopes)
- Smartwatches (Storm, Wave series)
- Bluetooth speakers
- Power banks and mobile accessories
- Gaming peripherals
boAt has become synonymous with affordable and stylish tech gadgets. Its products are available across online marketplaces and select retail stores, giving it an edge in the Indian wearables market.
boAt IPO Key Details
| Feature | Details |
|---|---|
| Company Name | Imagine Marketing Ltd. (boAt) |
| IPO Type | Mainboard |
| IPO Size | ₹2,000 Crore |
| Fresh Issue | ₹900 Crore |
| Offer for Sale (OFS) | ₹1,100 Crore |
| Face Value | ₹10 per share |
| IPO Price Band | To Be Announced |
| Listing Exchanges | NSE & BSE |
| Expected Valuation | ₹13,000 Crore (~$1.5 Billion) |
| Lead Managers | Axis Capital, ICICI Securities, BofA Securities |
| Registrar | KFin Technologies (Tentative) |
The boAt IPO price band and lot size will be officially disclosed once SEBI approves the RHP.
boAt IPO Date & Listing Timeline (Tentative)
| Event | Date (Tentative) |
|---|---|
| IPO Open Date | To Be Announced |
| IPO Close Date | To Be Announced |
| Allotment Date | To Be Announced |
| Refund Initiation | To Be Announced |
| Share Credit in Demat | To Be Announced |
| Listing Date | To Be Announced |
Investors should track the boAt IPO allotment updates on NSE and BSE once the subscription window closes.
Financial Performance of boAt
Here’s a snapshot of boAt IPO financials:
| Fiscal Year | Revenue (₹ Crore) | Profit After Tax (₹ Crore) |
|---|---|---|
| FY2020 | 609.96 | 47.80 |
| FY2021 | 1,320.38 | 86.54 |
| FY2022 | 2,873.60 | 68.70 |
| FY2023 | 3,420.00 | 98.00 |
| FY2025 | 4,000+ | 60 (approx) |
The company has shown consistent growth, making the boAt IPO an attractive opportunity for retail and institutional investors.
Why boAt IPO is Special
Strengths:
- Market leader in wearables with over 35% market share
- Popular brand among millennials
- Strong online and offline distribution
- Consistent revenue growth over the years
- Expansion into lifestyle tech, smartwatches, and gaming accessories
Risks:
- Dependence on imports for manufacturing
- Intense competition from Noise, Fire-Boltt, Boult Audio
- Pressure on margins due to price wars
- Fluctuating profitability in certain years
Investors considering the boAt IPO should weigh both the growth potential and risks.
boAt IPO valuation
for FY2021 highlights the company’s financial performance and investor metrics ahead of its market debut.
| KPI | Value |
|---|---|
| ROE | [.]% |
| ROCE | 56.03% |
| EBITDA Margin | 10.24% |
| PAT Margin | 6.59% |
| Debt to Equity Ratio | (0.21) |
| Earning Per Share (EPS) | ₹8.53 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 18.64% |
| Net Asset Value (NAV) | ₹46.18 |
boAt Market Share & Competitors
| Brand | Market Share (2025) |
|---|---|
| boAt | 35% |
| Noise | 25% |
| Fire-Boltt | 20% |
| Boult Audio | 10% |
| Others | 10% |
boAt’s dominance in India’s wearables market gives it a clear advantage, making its IPO highly sought after.
boAt IPO Price Band and Lot Size
| Parameter | Estimate |
|---|---|
| Price Band | ₹…….. per share (expected) |
| Minimum Lot Size | …. shares |
| Minimum Investment | ₹……. approx. |
| Maximum Investment (Retail) | ₹………. approx. |
Final boAt IPO price and lot size will be declared in the SEBI-approved RHP.
How to Apply for boAt IPO
Online Application Steps:
- Open a Demat Account with NSE/BSE-approved broker.
- Check boAt IPO listing on your platform (Groww, Zerodha, Upstox, Angel One).
- Select bid quantity according to lot size.
- Use ASBA or UPI payment for application.
- Confirm and submit the application before the IPO close date.
- Track the boAt IPO allotment results online.
- Refunds (if unallotted) will be credited before listing.
Retail investors can apply up to ₹2 lakh; HNI/NII investors can apply above ₹2 lakh.
boAt IPO Grey Market Premium (GMP)
As of now, there is no official GMP data, since the boAt IPO price band has not been announced.
Experts expect strong demand due to brand popularity, which could lead to positive listing gains.
boAt IPO Review & Expert Opinion
Pros:
- Strong brand recognition
- Leading market share in wearables
- Consistent revenue growth
- Expansion in lifestyle and smart devices
Cons:
- Dependency on imported components
- High competition from Indian and global brands
- Profit margins under pressure
Analysts recommend applying for long-term investment rather than expecting short-term listing gains.
boAt Future Plans & Global Expansion
boAt is moving beyond audio products:
- Smartwatches and fitness bands
- Gaming audio accessories
- AI-enabled lifestyle devices
- Expansion in Southeast Asia and Middle East markets
By 2030, boAt aims to become a global consumer electronics brand, competing with Xiaomi, JBL, and Noise internationally.
FAQs
Q1. When is the boAt IPO opening?
Official date is yet to be announced.
Q2. What is the boAt IPO price?
Expected ₹….. per share (to be confirmed in RHP).
Q3. How to check boAt IPO allotment?
Via NSE/BSE or registrar KFin Technologies website.
Q4. Is boAt profitable?
Yes. FY25 profit approx ₹60 Crore.
Q5. Who are boAt’s competitors?
Noise, Fire-Boltt, Boult Audio, JBL.
Q6. Should I invest in boAt IPO?
For long-term growth, yes, considering market dominance and brand appeal.
Q7. What is the minimum investment required for boAt IPO?
The minimum investment is approximately ₹……., based on the expected lot size of …. shares.
Q8. Can NRIs invest in boAt IPO?
Yes, Non-Resident Indians (NRIs) can apply through the Designated NRI route using a Demat account with ASBA/UPI payment.
Q9. Will boAt IPO be oversubscribed?
Given the brand’s popularity and market share in Indian wearables, experts predict strong retail and institutional subscription, likely leading to oversubscription.
Q10. How will boAt IPO funds be utilized?
The IPO proceeds will be used for debt repayment, working capital, brand expansion, R&D, and other general corporate purposes.
Q11. Where can I track boAt IPO allotment 2025?
The boAt IPO allotment results will be available on NSE, BSE, and the registrar (KFin Technologies) website. Retail investors can also check their Demat account for allotment status.
Conclusion
The boAt IPO marks a significant milestone for Imagine Marketing Ltd., India’s leading wearable and consumer electronics brand. With strong brand recognition, consistent revenue growth, and over 35% market share in wearables, boAt has proven its potential to become a long-term investment opportunity.
While there are risks, including competition from Noise, Fire-Boltt, and Boult Audio, and dependence on imported components, the IPO offers investors a chance to be part of India’s lifestyle tech revolution.
Retail investors should monitor the boAt IPO date, price band, and allotment results, and consider applying based on long-term growth potential rather than short-term listing gains.
In summary, boAt’s combination of brand appeal, market dominance, and expansion plans makes the boAt IPO one of the most awaited and promising IPOs in India’s stock market.
Pro Tip: Track official updates on NSE/BSE, subscribe via your broker app, and keep an eye on the final boAt IPO price and lot size to maximize your chances of successful allotment.
Disclaimer
The information provided in this blog about boAt IPO, including IPO date, price, allotment, valuation, and financials, is based on publicly available sources and market estimates at the time of writing. This content is for educational and informational purposes only and should not be considered financial or investment advice. Investors are advised to conduct their own research, consult a certified financial advisor, and refer to the official Red Herring Prospectus (RHP) and SEBI filings before applying. Stock market investments carry risks, and past performance does not guarantee future returns.