boAt unlisted shares are gaining strong investor attention as the popular Indian consumer electronics brand moves closer its Pre-IPO Phase

Financial Turnaround

Investors tracking boAt unlisted shares are closely watching the company’s revenue growth and IPO plans. boAt flipped from a ₹73.7 crore loss in FY24 to profitability through sharp cost cuts—expenses dropped 6% while audio sales climbed 5% to ₹2,586 crore, holding a 26% market share. Wearables dipped 40% to ₹330 crore due to competition, but EBITDA hit ₹142 crore, signaling disciplined ops and premium product shifts like true wireless earbuds. International sales grew 44% to ₹20 crore, hinting at global expansion.

Pre-IPO Appeal

Unlisted shares surged on FY25 results, with strong cash flows and debt reduction boosting confidence ahead of SEBI filings. boAt’s 34% volume share in personal audio, partnerships with celebs like Hardik Pandya, and localization (90% India-made) create moats in a ₹50,000 crore market growing 20% yearly. Risks like wearable slumps exist, but audio dominance and Q1 FY26 gains (6.6% EBITDA margins) make it resilient.

Why Buy Now?

In 2025’s IPO frenzy, boAt offers 3-5x upside potential post-listing, tax perks on unlisted holds, and alignment with youth-driven gadget trends. As India adds 50 million smartphone users annually, boAt’s innovation edge positions it for unicorn status—ideal for portfolios betting on desi brands outpacing global like Apple in wearables.

The valuation of boAt unlisted shares depends on profitability, market sentiment, and IPO timelines.

Before investing in boAt unlisted shares, understanding risks and liquidity is essential.