About boAt IPO
Back in 2013, despite his family’s apprehension, Aman Gupta forged a partnership with Sameer Mehta to launch the boAt brand. And Gupta’s gambit paid off, with boAt becoming one of the most popular homegrown audio brands in India.
Since its inception, Imagine Marketing – which owns and operates the boAt brand – has witnessed a meteoric rise. In fact, as of September 2021, boAt held a market share of 48% and 23% in India’s branded wireless hearables and smartwatch segments respectively. This makes it the number one wireless hearables brand and number two smartwatch brand in India, in terms of volumes.
Now, this fast-growing digital-first consumer products company is all set to tap the equity markets through the IPO route. The boAt IPO will be a combination of an offer for sale as well as a fresh issue. The money raised from the fresh issue of the boAt Ltd IPO will be used for repayment of debt and general corporate purposes.
Here are key boAt IPO details:
A quick look at boAt IPO’s strengths, risks and threats
Risks and threats
boAt IPO details| boAt IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The boAt IPO’s opening date – in other words, the boAt IPO launch date – hasn’t been announced yet. The boAt IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the boAt shares allotment date.
Investors, who receive allotment, can expect them to be credited in their demat account after the allotment date. Besides this, the boAt IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the boAt IPO.| boAt IPO price band
The boAt IPO is a book-built issue. The boAt IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the boAt IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the boAt IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| boAt IPO lot size
The boAt IPO details haven’t been declared. Hence, the boAt IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the boAt IPO issue size could be around ₹2,000 crore.
How to apply for the boAt IPO?
If you are interested in this investment opportunity but unsure how to apply for the boAt IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the boAt IPO on Upstox:
How to check the boAt IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the boAt IPO allotment status:
Open a demat account with Upstox to apply for the boAt IPO
To apply for the boAt IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the boAt IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the boAt IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the boAt IPO means applying for this public issue before it goes live. However, pre-apply for the boAt IPO isn’t open currently.
The pre-apply for the boAt IPO will begin two days before its launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the boAt IPO opens for subscription.
The dates for the boAt IPO haven’t been announced yet.
The details about the lot size haven’t been announced yet.
The price band for the boAt IPO isn’t available currently.
The size of the boAt IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting boAt shares to the demat account has not been announced yet.
boAt shares will on NSE and BSE
The listing date has not been announced yet.