Indian Brand 'Boat' To Raise Rs 2,000 Crore Through IPO

Audio Electronic Brand 'Boat', will file a draft red herring prospectus for raising Rs 2,000 crore IPO, this week. As per reports, the company is eyeing a valuation of $1.5-2 billion ahead of the IPO launch. Warburg Pincus, the single largest shareholder in Boat with around 36% stake, will offload shares worth Rs 700-800 crore in the IPO. Notably, the company is expected to double its revenue by March 2022.