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Five key takeaways from Boat's IPO prospectus

Despite having marquee investors, company founders Sameer Mehta and Aman Gupta together own over 50% of shares in the company, with each holding a 28.26% stake.

January 27, 2022 / 06:59 PM IST

Direct-to-consumer (D2C) firm Boat, an Indian consumer electronics company owned by Imagine Marketing Ltd, has filed its documents with the Securities Exchange Board of India (SEBI) for a Rs 2,000-crore initial public offering (IPO).

Here are a few takeaways from Boat’s IPO Prospectus

Boats-IPO

The company, which was founded in 2014, is backed by Fireside Ventures, Qualcomm Ventures LLC and South Lake Investment Ltd, an affiliate of the Warburg Pincus Group.