Boat
- Unlisted share
- Technology
- ISIN INE03AV01027
At a glance
Sales
FY25
₹3,073 Cr
−1.4%on FY24What the company earned from its customers in the year.
Profit
FY25
₹61.08 Cr
What was left after every cost and tax was paid.
Market valuecalculated
₹7,853 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY25
₹508 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Boat
- ISIN
- INE03AV01027
- Sector
- Technology
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹816.75
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Boat
Imagine Marketing owns the boAt brand of consumer electronics, selling audio products such as earbuds, headphones and speakers, along with smartwatches and related accessories. Its co-founders Sameer Mehta and Aman Gupta, together with the investor South Lake Investment Ltd, are its promoters and hold close to 89% on a fully diluted basis.
Written from: icicisecurities.com
Listing status. Pre-filed draft red herring prospectus dated 3 April 2025 filed with SEBI and the stock exchanges under the confidential route; Updated Draft Red Herring Prospectus - I dated 28 October 2025 filed for an offer of up to Rs 1,500 crore (fresh issue up to Rs 500 crore and offer for sale up to Rs 1,000 crore). Not listed as of that document Updated Draft Red Herring Prospectus - I dated 28 October 2025
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Technology
- ISIN
- INE03AV01027
- Year of incorporation
- 2013
- Registered and corporate office
- Mumbai, Maharashtra
- Promoters
- Sameer Ashok Mehta, Aman Gupta and South Lake Investment Ltd
- Key people
- Chairman and Non-Executive Director: Vivek Gambhir; Chief Executive Officer: Gaurav Nayyar; Group Chief Financial Officer: Rakesh Thakur; Executive Director: Sameer Ashok Mehta
- Employees
- 553 people
- Face value per equity share
- ₹1
- Equity shares outstanding (before conversion of preference shares)
- 9,61,46,300 shares
- CIN
- U52300MH2013PLC249758
- Official website
- boat-lifestyle.com
Read from: Updated Draft Red Herring Prospectus - I dated 28 October 2025, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
200.7×
At this price you pay ₹200.7 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
15.45×
At this price you pay ₹15.45 for every ₹1 of net worth on the company's books.
Profit margincalculated
2%
Out of every ₹100 of sales, ₹2 was left as profit.
Return on equitycalculated
12%
For every ₹100 of the owners' money, the company made ₹12 of profit in the year.
Debt to equitycalculated
1.11×
The company has borrowed ₹1.11 for every ₹1 of its owners' money.
- Indicative price
- ₹816.75
- Market valuecalculated
- ₹7,853 Cr
- price × shares
- No. of shares
- 9,61,46,300
- EPS
- ₹4.07
- Book value per share
- ₹52.86
- Face value
- ₹1
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Imagine Marketing Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY25: ₹3,377 Cr to ₹3,073 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY25: ₹-129 Cr to ₹61.08 Cr.
| Particulars | FY23 | FY24 | FY25Latest |
|---|---|---|---|
| Revenue from operations | 3,376.79 | 3,117.67 | 3,073.28▼1% |
| Other income | 26.39 | 17.67 | 24.54▲39% |
| Total income | 3,403.18 | 3,135.35 | 3,097.81▼1% |
| Depreciation and amortisation expense | 25.59 | 35.59 | 39.93▲12% |
| Finance costs | 78.36 | 68.37 | 27.89▼59% |
| Profit/(loss) before tax | -163.71 | -96.25 | 74.7▲178% |
| Profit/(loss) for the year | -129.45 | -79.68 | 61.08▲177% |
| Basic earnings per share (₹) | -9.22 | -5.31 | 4.07▲177% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Updated Draft Red Herring Prospectus - I dated 28 October 2025.
Ownership
Shareholding pattern
Who owns the company
As of 28 October 2025 (pre-offer, fully diluted)
39.4%South Lake Investment Ltd (promoter)
- Largest holder
- 39.4%
- Top 3 together
- 88.9%
- Holders named
- 5
- South Lake Investment Ltd (promoter)39.35%
- Aman Gupta (promoter)24.76%
- Sameer Ashok Mehta (promoter)24.75%
- Fireside Ventures Investment Fund-I3.28%
- Qualcomm Ventures LLC2.28%
- Total94.42%
Read from: Updated Draft Red Herring Prospectus - I dated 28 October 2025
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 2 Dec 2022Three Malabar funds subscribed to Series C CCPS for a total of Rs 1,000 million | Private placement | Series C compulsorily convertible preference shares | ₹751 | ₹100 Cr |
Read from: Updated Draft Red Herring Prospectus - I dated 28 October 2025
Leadership
Management
Vivek Gambhir
Chairman and Non-Executive Director
Gaurav Nayyar
Chief Executive Officer
Rakesh Thakur
Group Chief Financial Officer
Sameer Ashok Mehta
Executive Director
Aman Gupta
Non-Executive Director (Additional)
Anish Kumar Saraf
Non-Executive Director
Purvi Sheth
Independent Director
Shreekant Jayram Sawant
Company Secretary and Compliance Officer
Read from: Updated Draft Red Herring Prospectus - I dated 28 October 2025
Corporate calendar
Events
- 28 Oct 2025DRHPUpdated Draft Red Herring Prospectus - I filed for an IPO of up to Rs 1,500 croreOpen
- 3 Apr 2025DRHPPre-filed draft red herring prospectus submitted to SEBI and the exchanges under the confidential routeOpen
- 2 Dec 2022Share allotmentSeries C preference shares allotted to South Lake Investment and the Malabar funds, raising Rs 500 croreOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Boat on WhatsAppIs the price shown for Boat final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Boat shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Boat shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Boat. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.