Boat, a consumer electronics company, entered the Indian market just a few years back and has become a million-dollar company. The brand is mainly popular for its headphones and fitness wearables. As Boat gears up for IPO, let’s have a quick understanding of its SEBI filing.
Boat is one of the rare hardware startups of India. It has filed for an IPO of up to Rs 2,000 crore, of which the new issue is Rs 900 crore and on offer for sale of Rs 1,100 crore. The largest shareholder in Boat is Warburg Pincus (36% stake). It will divest shares worth Rs 700-800 crore. South Lake Investment is looking to sell shares worth Rs 800 crore. Meanwhile, the co-founders Aman Gupta and Sameer Mehta (28.1% stake each) are expected to dilute only a minor shareholding. Each founder could offload Rs 150 crore worth of shares.
The company wants to use the IPO proceeds to repay or prepay debt. It may also consider raising over Rs 150 crore in a pre-IPO round. Valuation-wise, the company was valued at around Rs 2,200 crore last year when it was raising Rs 50 crore from Qualcomm Ventures.
BoAt IPO OBJECTIVE
POSITIVE
- s.
NEGATIVE
BoAt IPO DETAILS
| Subscription Dates | Coming soon |
| Price Band | Coming soon |
| Fresh issue | NIL |
| Offer For Sale | |
| Total IPO size | |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
BoAt IPO TIMELINE
| IPO Open Date | Not Announced |
|---|---|
| IPO Close Date | Not Announced |
| Basis Of Allotment Date | Not Announced |
| Initiation Of Refunds | Not Announced |
| Credit Of Shares To Demat ACcount | Not Announced |
| IPO Listing Date | Not Announced |
So, how does BoAt IPO Fare in Terms of Financials?
Financial Details
The financial highlights of BoAt t IPO are summarised in this table below –
| Financial Year | Total Revenue | Total Assets | Profit After Tax |
| As Of 30 June 2020 | – | – | |
| March 2020 | – | – | |
| March 2019 | – | – | |
| March 2018 | – | – |
Note: We will update the financial summary as soon as the company releases earnings details.
FINANCIAL REVIEW
- .
BoAt PO VALUATIONS
| FY2019 | FY2020 | FY2021 | |
| Earnings Per Share (EPS) | |||
| PE ratio | – | – | |
| Return on Net Worth (%) | |||
| ROCE (%) | |||
| EBITDA (%) | |||
| Net Debt/Equity | |||
| Book Value (NAV) |
VALUATION REVIEW:
BoAt IPO – SWOT ANALYSIS
Strengths
Weaknesses
Opportunities
Threats
COMPETITIVE ANALYSIS: MARKET PEERS
BoAt IPO GMP
- Grey market premium as on DD-MM-YYYY= Rs /Share
- Grey market premium as on DD-MM-YYYY = Rs /Share
- Grey market premium as on DD-MM-YYYY= Rs /Share
- Grey market premium as on DD-MM-YYYY = Rs /Share
Disclaimer:
- IPO Grey Market Premium (BoAt t IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
DD/MM/YYYY 5:00 PM
BoAt IPO Live Subscription Status
| Category | Shares Offered | |||
| Day 1 | Day 2 | Day 3 | ||
| QIB | ||||
| NII | ||||
| Retail | ||||
| Total |
FINAL TAKEAWAY
EXPERT OPINION
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I have a lot of other things that also need to be considered and those are something that I will cover in my next post.
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