Boat Unlisted Share Prices
Imagine Marketing Ltd (boat)
INE03AV01027
Listing Status: DRHP Not Filed
About Boat Unlisted Share Prices
Overview of Boat Unlisted Share Prices
Genesis
Boat is a Delhi-based start-up that was started in 2016 by Aman Gupta and Sameer Mehta. The co-founders pumped in ₹15 lakh each and set sail their bootstrapped journey by selling mobile cables and chargers. Now it sells a wide variety of fashionable electronic goods ranging from travel chargers and premium cables to headphones, earphones, speakers. The company is steadily growing and extending its services to millions of ‘boAtheads’ (A term the company uses for all its consumers and brand ambassadors).
Timeline of Boat Unlisted Share
2016: Founded in 2016 and launched a wide range of earphones and headphones
2018: Raised Investment from Fireside Ventures
2019: Set up "Boat labs" - Inhouse R&D team
2020: Became Number 1. earwear brand in India (by volume)
2021: Launched Made in India wireless earphones and wireless neckband)
2022: #3 earwear and smartwatch brand globally based on volumes
2023: Reached milestone of 1 million Made in India products
Management
Aman Gupta - Executive Director, Co-Founder & CMO
· BCom from Delhi University, Chartered Accountant, MBA -ISB
· Ex- Citibank, Ex-KPMG, Ex-Harman International
Sameer Mehta - Chairman, Executive Director, Co-founder & CPO
· School - St. Xavier’s Mumbai, BCom NM College
· Co-founded Imagine Marketing Limited - the parent company of Boat
An Overview
· Secured dominant position in global audio and wearable Market and ranked second worldwide following Apple.
· Boat maintained a dominant position in the overall Indian market with a 29.7% share.
· Boat registered over 2x growth in its scale for two consecutive fiscal years: FY21 and FY22 and increased by 18% in FY-23.
· Boat’s revenue from operations shot up 2.2X to Rs 2886 crore during FY-22 as opposed to Rs. 1314 Cr in FY21.
· In FY-23 Net sales zoomed to nearly INR 3400 Cr on growth in Wearables, Audio Categories.
Focus on Make in India
· Before covid 0% of its products were made in India but now 70% of boAt products are made in India. The company aims to make 90 percent of its products in India in the next two years. Infact Boat announced that they manufactured 1 crore products in India in 2022.
· Boat has been working with several manufactures in India especially with Dixon Technologies being the primary partner. Through their R&D team at boAt labs and Kaha Technologies, they are developing the next generation of products.
· Covid has been a wake-up call for the electronics industry that is overly dependent on China and this JV with Dixon has been a big boost for boAt to innovate at a faster pace and develop a more cost-effective way of manufacturing in India itself.
Product Portfolio
Insights of Boat Unlisted Share Prices
Financial Insights
(All Figures in
crores)
Particulars |
FY-23 |
FY-22 |
Total Income |
3403 |
2886 |
PAT |
(129) |
69 |
EPS |
(13.40) |
5.10 |
While Boat continues to maintain market leadership and profitability in audio segment, it invested in building out its wearables business, a relatively newer but now a sizeable product line for the company (and a large market opportunity), via sales, marketing and pricing-related investments, due to which near term profitability has been impacted given the conscious strategic calls made by the management.
Geography wise Split
(All Figures in crores)
Particulars |
FY-23 |
FY-22 |
Within India |
3239 |
2871 |
Outside India |
122 |
- |
Total |
3361 |
2871 |
Segment wise revenue
(All Figures in crores)
Particulars |
FY-23 |
FY-22 |
Audio |
2351 |
2276 |
Wearables |
902 |
515 |
Others |
109 |
80 |
Total |
3361 |
2871 |
Boat winning the market share race
Boat secured dominant position in global audio and wearable Market and ranked second worldwide following Apple.
Boat maintained a dominant position in the overall Indian market with a 29.7% share.
Channels
Along with developing and growing their product portfolio, Boat have also expanded their presence across online and offline channels to widen their distribution footprint. India’s large and fast-growing e-commerce ecosystem and its enabling infrastructure allows digital-first brands to instantly cater to over 90% pin codes across India (Source: RedSeer Report). Their digital- first approach has enabled them to rapidly penetrate their target markets.
Valuations
Boat raised INR 500 Crores from Warburg Pincus and Malabar Investment Advisors at a valuation 11500 crore in October 2022 (last round) which leads to a price of around 1150-1200 per share.
Recently Mama Earth another D2C brand just like boat listed in the market at a P/S sales ratio of 6.6.
Accordingly,
Revenue of Boat : 3403 crores (FY-23)
Number of shares outstanding: 14 crores
Revenue per share: 243
Current Price (30 Dec,2023) : 1200
Price to sales ratio: 4.9
Share Price Journey of Boat Unlisted Share
Following the company's IPO filing in January 2022, boat shares were first offered on the unlisted market at a price of ₹1,225 per share. In September 2022, the share price had a 40% fall to 740 per share as the firm opted to postpone its initial public offering (IPO) plans because of the volatile market conditions. After hitting a low of ₹705 in June 2023, the share price has risen sharply by around 80% to ₹1275 per share in Jan 2024. Are you considering purchasing unlisted shares of Boat? Read this blog to find out if they are a good investment.
Boat Unlisted Share IPO Plans
· Boat had previously filed for an IPO in January 2022
IPO Size : 2000 crore (1100 Crore OFS, 900 Crores Fresh isssue)
· Boat deferred its first public offering (IPO), mostly due to its intention to raise 500 crore in capital from its existing investors. The unstable global market that was impacted by inflation, recession, and the Russia-Ukraine war was also another factor in the IPO withdrawal.
· Recently Aman Gupta - the co-founder of Boat had told the media that they may go for an IPO by FY25-FY26.
Financial Charts of Boat Unlisted Share Prices
Balance Sheet of Boat Unlisted Share Prices
Profit and Loss of Boat Unlisted Share Prices
Ancillary of Boat Unlisted Share Prices
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Boat Unlisted Share Prices
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How to buy Boat (Imagine Marketing)?
Below are three ways through which you can purchase Boat (Imagine Marketing):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Boat (Imagine Marketing), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Boat (Imagine Marketing)?
Below are three ways through which you can sell Boat (Imagine Marketing):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Boat (Imagine Marketing), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Boat (Imagine Marketing)?
We provide a two way quote on all the shares we deal in. Your buy price for Boat (Imagine Marketing) is ₹1599 and your sell price for Boat (Imagine Marketing) is ₹1350. The price is based on our estimates and market conditions.
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What is the lock-in period of Boat (Imagine Marketing)?
The lock-in period for Boat (Imagine Marketing) varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Boat (Imagine Marketing)
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Boat (Imagine Marketing)
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Boat (Imagine Marketing) price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Boat (Imagine Marketing). The price is also determined from the most recent funding round for Boat (Imagine Marketing). This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Boat (Imagine Marketing)?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Boat (Imagine Marketing) with us kindly click here.
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What are the financials of Boat (Imagine Marketing)?
The financials of Boat (Imagine Marketing) which includes the P/L of Boat (Imagine Marketing) and the Balance Sheet of Boat (Imagine Marketing) is in the financials section (Click on link).
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Where can I find the annual report of Boat (Imagine Marketing)?
The annual report of Boat (Imagine Marketing) is available in the annual report section (Click on link).
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Is buying Boat (Imagine Marketing) legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Boat (Imagine Marketing)?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Boat (Imagine Marketing) and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Boat (Imagine Marketing) once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Boat (Imagine Marketing)?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Boat (Imagine Marketing) from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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