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Consumer electronics major boAt’s parent Imagine Marketing recently filed its updated draft red herring prospectus (UDRHP) with SEBI to raise INR 1,500 Cr from the public market.
The company’s public offering will comprise a fresh issue of equity shares worth up to INR 500 Cr and an offer-for-sale (OFS) component of up to INR 1,000 Cr. Important to note that the company has reduced its IPO size from its 2022 listing attempt for an INR 2,000 Cr public float.
In its third IPO attempt,…
