boAt has become one of India’s most recognisable consumer electronics brands, and many investors are tracking the expected timeline for its public listing. In FY25, boAt returned to profit with a net profit of around ₹60 crore on standalone revenue of ₹3,089 crore.
With these updated financials coming into focus, interest around the boAt IPO in 2025 and the FY25–FY26 timeline has grown again. This blog breaks down the expected IPO date, the sequence of events so far, and the essential details available from reliable reports so you can understand where things stand before the final dates and price band are announced.
Key Takeaways
The boAt IPO is expected to open in FY25 or FY26, but exact dates and details will be confirmed closer to the launch once the price band and lot size are finalised.
The total issue size is estimated at ₹1,500 crore, with ₹500 crore in fresh issue and ₹1,000 crore in Offer for Sale (OFS) by existing shareholders.
In FY25, boAt reported a net profit of ₹60 crore and revenue of ₹3,089.6 crore, showing strong recovery after two years of losses.
Key risks to consider include market volatility, competition from established brands like Sony and JBL, and uncertainty around the IPO pricing, which could impact investor interest.
What is boAt? Company Overview and Operational Insights
boAt is an Indian consumer-electronics brand under Imagine Marketing Limited, founded in 2016 by Aman Gupta and Sameer Mehta. It has become known for affordable audio products, wearables, and mobile accessories targeted at young, value-conscious consumers.
Below are the essentials you should know about who runs the business, what it does today, and the operational footprint that underpins its scale:
Parent company: Imagine Marketing Limited; founders: Aman Gupta and Sameer Mehta.
Core offerings include audio products (earbuds, headphones, Bluetooth speakers), smart wearables (smartwatches), mobile accessories (chargers, cables, power banks), and lifestyle electronics.
Manufacturing relies on a mix of domestic partners and overseas vendors.
Production and sourcing partnerships (including with Indian manufacturers such as Dixon Technologies) help keep costs competitive.
Distribution spans major e-commerce platforms (Amazon, Flipkart, Myntra), the boAt official website, and thousands of offline retail stores via regional distributors.
Frequent new-product launches and a strong after-sales support network help sustain boAt’s market presence and consumer trust across India.
boAt Shareholding Pattern
As the IPO approaches, it’s important to understand the ownership structure of the company. Here's a breakdown of the boAt shareholding pattern:
Having explored the background and operational footprint of boAt, let’s now take a closer look at its financial performance, which provides crucial insights into the company’s growth trajectory and profitability as it moves towards its IPO.
boAt’s Financial Performance Overview
boAt’s recent financial results show a clear recovery after two challenging years, and these numbers form an important part of the brand’s upcoming IPO journey. The turnaround in FY25 and early signs from FY26 give a clearer picture of the company’s current financial strength.
To help you understand what’s confirmed and what this performance indicates, here’s a structured breakdown of the key financial milestones.
Key Highlights
These details are based on official financial disclosures and reliable business reports:
FY25 Net Profit: Over ₹60 crore, marking a return to profitability after two years of losses
FY25 Standalone Revenue: Approximately ₹3,089.6 crore
FY25 EBITDA: Around ₹142 crore, reflecting an improvement in operating performance
Profitability Drivers: Better product mix, improved cost control, and stronger demand for core categories such as audio products
Revenue and Profit Table
Here is a snapshot of boAt’s revenue and net profit performance for the last few years:
