Boat was last valued at around Rs 2,200 crore when it raised Rs 50 crore from Qualcomm Ventures in April last year. It is now eyeing a valuation of around 5-6 times its revenue for this fiscal.It clocked a net profit of Rs 78 crore in the fiscal ended March 31, 2021, on the back of Rs 1,500 crore in revenue.
Boat, now joins the list previously filled by big companies like Zomato, policy bazar, Paytm etc.
Considering the past performance, boat could achieve totally new heights of success as it recieves the funds.
The fact that there will be a fresh issue of 900cr and an offer for sale of 1100cr by the existing promoters and shareholders makes it all the more interesting
In this IPO, there will be a fresh issue of Rs.900 crore and an offer for sale (OFS) of Rs.1,100 crore by its existing promoters and shareholders. Each founder will put up a sale of up to Rs.150 crore worth of shares, respectively.
Boat was last valued at around Rs 2,200 crore when it raised Rs 50 crore from Qualcomm Ventures in April last year. It is now eyeing a valuation of around 5-6 times its revenue for this fiscal.It clocked a net profit of Rs 78 crore in the fiscal ended March 31, 2021, on the back of Rs 1,500 crore in revenue.
Boat, now joins the list previously filled by big companies like Zomato, policy bazar, Paytm etc.
Considering the past performance, boat could achieve totally new heights of success as it recieves the funds.
The fact that there will be a fresh issue of 900cr and an offer for sale of 1100cr by the existing promoters and shareholders makes it all the more interesting
In this IPO, there will be a fresh issue of Rs.900 crore and an offer for sale (OFS) of Rs.1,100 crore by its existing promoters and shareholders. Each founder will put up a sale of up to Rs.150 crore worth of shares, respectively.