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Gupta's boAt to set sail for public markets only in FY25-26
Mint Mumbai
|July 19, 2023
Audio and wearables brand boAt, which had earlier deferred its public share sale plans amid stock market volatility, is "not in a hurry" to go for a listing, and is looking at FY25-FY26 timeframe for the IPO, co-founder Aman Gupta said.
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In an exclusive chat with PTI on wide-ranging issues, Gupta said his startup is "well capitalised" for now.
There was a phase when startup initial public offerings (IPOS) were in fashion but then the markets turned choppy, Gupta recounted.
"We don't need to go for an IPO, as such. We can do that after a few years also... So, maybe FY25-FY26 is what we're looking... We're not in a hurry to list," Gupta said.
"boAt's listing is "definitely not this year," he added.
The entrepreneur and investor whose stint with Shark Tank India has made him a household name, was among the invitees at an official delegation during Prime Minister Narendra Modi's recently concluded visit to Paris.
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