BOAT IPO GMP, Open Date, Price Band, Allotment Status, Listing Date

BOAT IPO GMP is Rs 89 per share. The lower and upper price band is expected to be around Rs 459 per share. The grey market premium quotation indicates huge interest of retail investors. After the release of the IPO issue date final GMP quote will be available.

BOAT IPO open date is expected to be in the last week of January 2025. The tentative date of BOAT IPO is 27 January to 29 January 2025. This new IPO is a book-built issue of Rs 2000 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 900 crore and OFS is of Rs 1,100 shares.

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BOAT IPO GMP 

BOAT IPO GMP is around Rs 89 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then BOAT IPO GMP might rise in the coming days.

BOAT IPO Price Band

BOAT IPO price band is expected to be above Rs 350 per share. However, the final price band is not yet released. The minimum amount of investment for the retail category is to be around Rs 14,650 and for small NII minimum investment is to be around Rs 2,01,500. The minimum investment for the Big NII is to be around Rs 10,01,300.

BOAT IPO Open Date, Close Date

BOAT IPO open date and close date is expected to be near 27 January to 29 January 2025. However, as of now the open and close date is not yet finalised.

BOAT IPO Allotment Status

BOAT IPO allotment status is expected to be finalised in the last week of January 2025. The listing will be on the BSE and NSE platforms in the first week of February. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

BOAT IPO Listing Date

BOAT IPO's listing date is expected to be in the first week of February 2025. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

BOAT IPO: Listing Date, Lot Size, Price Band

BOAT IPO  Limited: About the Company

BOAT, an audio lifestyle brand was incorporated in 2013, as Imagine Marketing Services Private Limited. BOAT is an Indian electronics brand that sells audio products, smart wearables and fashionable products. Boat is India’s number 1 audio brand and world’s second largest wearable brand.

Speakers, earbuds, and headphones were among the first audio devices that BOAT produced. In order to meet India's increasing need for tech-savvy lifestyle items, it gradually grew to incorporate smart wearables, such as fitness bands and smartwatches.

In the Indian audio market, BOAT is the industry leader. It rose to the top of the Indian audio market and has stayed there by continuously improving its line of products, which now includes Bluetooth speakers and wireless earbuds that are particularly well-liked by youthful customers.

The ascent of BOAT is a noteworthy example of an Indian company taking on multinational tech companies by utilising design, cost, and a thorough awareness of regional customer tastes.

BOAT IPO Objectives

BOAT IPO's objective is to raise funds from the public for the expansion of the business in the home country as well as internationally. The remaining funds will be used to research new products and improve quality. Also, the funds will be used to fulfil general corporate purposes. 

BOAT IPO: Key Dates, Allotment, Listing Date 

BOAT IPO Subscription Details, IPO Reservation

BOAT IPO subscription details will be available after the IPO opens in the third week of December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

BOAT IPO Lot Size Details 

BOAT IPO IPO lot size is set at (x) shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,850, and the maximum is 13 lots, amounting to be around Rs 1,90,000. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,01,000.

BOAT IPO Promoter Holdings

BOAT IPO promoters are Aman Gupta, Sameer Mehta, Vivek Gambhir. The promoters' shareholdings before the IPO were x%; however, after the IPO, shareholdings will decline.

BOAT IPO Registrar

BOAT IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

BOAT IPO Lead Managers

BOAT IPO lead managers are Axis Capital Limited, BOFA Securities India Limited, Credit Suisse Securities India Private Limited and ICICI Securities Limited.

How to apply to BOAT IPO

Interested investors can apply to the BOAT IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

BOAT IPO Review 

BOAT IPO may get a positive response from the general public. The company is involved in the consumer audio lifestyle business. So, investors interested in the modern lifestyle can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then BOAT IPO GMP will also rise.

BOAT IPO FAQ

1. What are the details of the BOAT IPO?

BOAT IPO is a book-built issue of Rs 2000 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 900 crore and OFS is of Rs 1,100 shares.

2. When will the BOAT IPO open and close?

BOAT IPO open date is expected to be in the last week of January 2025. The tentative date of BOAT IPO is 27 January to 29 January 2025. BOAT IPO allotment status is expected to be finalised in the last week of January 2025.

3. What is BOAT IPO GMP?

BOAT IPO GMP is around Rs 89 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then BOAT IPO GMP might rise in the coming days.

4. What are the details of BOAT IPO reservation?

BOAT IPO subscription details will be available after the IPO opens in the third week of December 2024. In the QIB category, 50% of the net offer is reserved. The remaining 35% is reserved for retail investors, and 15% is for Net Institutional investors.

5. Write the details of the IPO Allotment Status?

BOAT IPO allotment status is expected to be finalised in the last week of January 2025. The listing will be on the BSE and NSE platforms in the first week of February. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for BOAT IPO?

BOAT IPO's registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.

The lead managers are  Axis Capital Limited, BOFA Securities India Limited, Credit Suisse Securities India Private Limited and ICICI Securities Limited.

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