boAt's Confidential IPO Filing Sparks Interest

• Imagine Marketing, parent company of boAt, filed draft IPO papers confidentially.
• The confidential filing route was chosen under SEBI regulations.
• Initial IPO filing aimed to raise INR 2,000 Cr in January 2022.
• Company reduced net loss by 38% YoY to INR 79.7 Cr in FY24.
• Revenue declined by over 7% to INR 3,117.7 Cr from INR 3,376.8 Cr in FY23.

Source: Inc42