boAt Set for INR 2,000 Crore IPO, Appoints New CEO
boAt, the popular consumer electronics brand, is set to make its market debut with an Initial Public Offering (IPO). The IPO is expected to raise approximately INR 2,000 crore, valuing the company at nearly INR 13,000 crore. Gaurav Nayyar, a seasoned executive, has been appointed as the new Chief Executive Officer (CEO) of boAt's parent company, Imagine Marketing.
boAt's impressive financial performance has paved the way for its IPO. In the fiscal year 2025, the company reported a net profit of INR 60 crore, a significant turnaround from the INR 74 crore loss in the previous year. This profit was driven by a revenue of INR 3,098 crore, with the majority coming from the Indian market. Notably, international markets contributed to a 44 percent annual growth in revenue.
The leadership team at boAt is seeing some changes. Gaurav Nayyar, who previously served as the Chief Operating Officer at boAt, is taking over as the CEO. Nayyar brings over two decades of operational and strategic expertise to the role. Meanwhile, co-founder Aman Gupta will continue as a Non-Executive Director, and co-founder Sameer Mehta will shift to the role of Executive Director.
With regulatory approval secured, boAt's IPO is set to raise INR 2,000 crore, reflecting a company valuation of nearly INR 13,000 crore. The appointment of Gaurav Nayyar as CEO, along with the continued involvement of co-founders Gupta and Mehta, signals a strategic direction for the company as it enters the public market.
