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IPO

D2C consumer electronics brand boAt files papers to raise Rs.2,000-Cr

Inc42  

Delhi-based consumer electronics brand boAt has filed for an INR 2000 crore IPO. The IPO offer will include fresh issue of shares worth INR 1,000 crore and offer for sale worth INR 1,000 crore. The startup has roped in Credit Suisse, Bank of America, Axis Bank and ICICI Securities to manage its IPO. boAt manufactures earphones, headphones, speakers, soundbars, travel chargers, premium rugged cables, and more. The startup has, till date, raised more than USD 116 million across six funding rounds and counts Qualcomm Ventures, Warburg Pincus, InnoVen Capital, Fireside Ventures as its investors.