Boat (Imagine Market Ltd.) sells a variety of products, including wearables like smart watches, mobile accessories like cables and trimmers, wireless speakers, wired headphones, wired earphones, and wireless headphones.
In addition to selling its goods offline, the company also offers them online through markets and its own website. 83.24% of the company’s items were sold through online marketplaces as of H1 2022, 13.84% through its own website, and 2.93% through traditional channels. The business is now concentrating on offline channels as well. By September 30, 2021, items were offered for sale in more than 23,000 retail locations throughout India. This was made possible by a retail network that included more than 180 sub-distributors and over 51 distributors operating in more than 32 states and union territories. The company competes with a number of domestic and foreign businesses in the industry in which it works. Our rivals include foreign and heritage audio companies, up-and-coming Indian brands, Chinese smartphone OEMs, and online marketplace private labels. The primary rivals of the business include Samsung, Realme, Oneplus, Noisy, Nothing, and others.
Industry Description
- India’s Retail Industry In 2019, the retail market in India increased at a compound annual growth rate (CAGR) of 11%, reaching over 68 trillion. By 2025, the retail market is expected to recover at an 11% annual growth rate, reaching over $98 trillion.
- The market for wearables includes truly wireless earphones, wireless earphones and headphones, and wired earphones and headphones. Hearables are predicted to reach 515–765 billion (USD 7–10 billion) by 2025, growing at a 25–35% CAGR over the next five years.
- The market for wearables includes smartwatches and activity bands. India’s wearables industry is expected to reach a size of 170-275 billion (USD 2-4 billion) by 2025, growing at a high CAGR of 40–55% during the next five years.
BoAt Share Price
The boat has had significant financial growth in the last few years. In recent years, the company has experienced profitable growth. Boat recorded revenue of Rs 4000 crore for FY23, a 40% increase from the previous year. Boat recorded revenue of Rs 2886 Cr and profit of Rs 78 Cr for FY22.
| ISIN NUMBER | INE03AV01027 |
| FACE VALUE | ₹ 1 |
| Current Ratio | 1.23 |
| EPS | ₹ 5.09 |
| P/E Ratio | 167.97 |
| NET REVENUE | ₹ 2886 Cr. |
| NET PROFIT | ₹ 78.82 Cr. |
| ROE | 14.79% |
BoAt Unlisted Share IPO Details
The company had intended to raise about Rs 2000 crore through an IPO (initial public offering) and submitted its Draft Red Herring Prospectus (DRHP) with the SEBI on January 26, 2022. However, the business has now postponed its initial public offering (IPO) plan, and Boat has opted to use a private placement to acquire 500 million dollars from two sources: a new investor, Malabar Investments, and an affiliate of the international private equity firm Warburg Pincus. The money will be raised through preference shares.
Valuation and Analysis Of Boat
As Boat dropped its IPO plans, it raised these funds. The company raised this money at a price of Rs 750 per share at a time when its revenue was INR 2800 crore. As of FY23, boat revenue has increased to almost INR 4000 crore. In order to satisfy demand, Boat plans to use these funds to expand its production plant. The price of boat shares on the unlisted market has also grown as a result. The business is expanding profitably and at a very rapid pace.
How To Buy BoAt Unlisted Share Price With BharatInvest?
The process for purchasing BoAt unlisted Shares/Pre-IPO shares at Bharat Invest is shown below:
- You allow us to book your pre-IPO and BoAt unlisted shares at a particular price.
- If, as stated in the CMR Copy, you are not moving funds from the bank account, you must present your client master report, PAN card, and canceled cheque. These are the KYC documents that SEBI requirements need.
- We’ll share our bank account information.
- You must send money to Bharatinvest’s current account.
- We do not take cash deposits.
- The same account that will be credited with shares must be used for payment.
- We guarantee that unlisted shares of BoAt will be delivered within a day.
- If shares are not available, we promptly return the money to the original bank account.
- You can reach out to us through any channel for a thorough discussion.
Strengths Of Boat Unlisted Shares
- One of the biggest digital-first brands in India, holding market leadership positions in several rapidly expanding product categories;
- Consumer brands with strong market positioning and a distinct value proposition are represented by the flagship brand “BoAt.”
- The goal of digital-first platform capabilities is to facilitate expansion and keep allowing the establishment of a presence across various consumer categories; and
- An experienced CEO in consumer products leads a professional, founder-driven management team with a wealth of industry experience and a proven track record.
How to sell BoAt Unlisted Shares/Pre-IPO shares with BharatInvest?
The process for selling BoAt Unlisted Shares/Pre-IPO shares at Bharat Invest can be found below.
- We intend to verify our pre-IPO/unlisted share purchase price for BoAt.
- You will move the BoAt Unlisted Shares/Pre-IPO Shares to our demat account after we offer you our client master report.
- Within 24 hours of receiving the BoAt Unlisted Shares/Pre-IPO Unlisted Shares, we will deposit the money into your bank account.
- Every transaction will take place from bank to bank.
- Payment will be sent to the same account that is connected to your demat account, or you may provide a voided cheque with your name on it for verification.
- You can get in touch with us in any way to have a thorough conversation.
Conclusion
Investors need to understand the Boat share price data thoroughly in order to make wise decisions in 2024. Consider adopting a diversified strategy and be aware of market trends if you want to increase the returns on your investment plan.