If you want to know about hidden gems like BoAt in the unlisted market, you have come to the right place. Boat share price gave a return of over 50% in just two months, from less than Rs. 1,000 to over Rs. 1,500. Now, the IPO market has a lion’s share worldwide. Also, in the last year, from July 2023 to July 2024, boAt share price in India has almost doubled from Rs. 750 to Rs. 1,500. One of the reasons for the rapid rise in the boat’s unlisted share price is not only the favourable market conditions, as the indexes trading at all-time highs and corrections from there to buy at reasonable costs, but also because of the tremendous performance of the boat company for its sales to rise from Rs. 100 crores in 2018 to over Rs. 3,400 crores in 2023.
So, in this blog, let’s examine everything we need to know about the boat share price to buy at the current levels and reap huge profits.
What are boAt shares?
In this digitalized world, with almost all people in India living in cities, towns, and other places using smartphones, the demand for high-quality earbuds, headphones, and smartwatches is on the rise. BoAT became the first digital-first audio consumer product company and the largest manufacturer and supplier of such wearables. Imagine Marketing Company, started in 2013, launched its flagship brand, boAt, in 2014 to become the most popular electronic brand in the last decade to sell products worth thousands of crores of rupees. Hence, the unlisted boAt shares have been in high demand and have risen rapidly in recent months.
What happened to the boat share IPO attempt in 2022?
With a rapid rise in sales and profits, boAT filed DRHP or draft red herring prospects with SEBI or the Securities Exchange Bureau of India in 2022. However, boat shares were not listed on the stock exchanges for many reasons, including unfavourable market conditions. But now, with favourable market conditions and rising sales of its many products, experts expect boAt shares to come out with an IPO soon and get listed in the exchanges. After the failed IPO attempt, Malabar Investments and Warburg Pincus invested over Rs. 500 crores, which increased the boAt share price from 2022. And with indexes crossing all-time highs again in July, boAt share price in India is also trading at its all-time high of around Rs. 1,500.
The above facts will convince you that the current boAt share price is a hidden gem that will yield huge profits in the future because of its strong fundamentals and technical support.
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