Sameer Mehta, Co-founder and Chief Product Officer of Imagine Marketing Ltd, the parent company of the world’s second hearable and wearable maker, BoAt, has given a green signal to the share prices to perform better in the financial year 2024.
BoAt, a subsidiary of Imagine Marketing Services Pvt. Ltd, an Indian brand that started its journey in 2014, has now captured a significant portion of the market domestically and is all set to sail internationally. The company made use of influencer marketing and tie-ups with famous cricket teams and other athletes to promote its products.
The company has substantial growth initiatives and strategies planned for the coming financial years. These development plans will not only benefit the company in the long run but will also plan to establish global dominance in the respective sector. Read the article to know more about the growth plans of BoAt and the fluctuations that these plans can cause in the share price.
Plans To Skyrocket In The Future
The rising development initiatives that BoAt is undertaking are affecting the unlisted share prices of the company. A multitude of reasons are responsible for this trend. Let’s look at some of them and understand why BoAt’s unlisted share prices fluctuate.
- After capturing the domestic market in 2022, the company’s expansion plans to enter the international market, especially the Middle East and SouthEast Asia, in the current year is one of the reasons why the share prices may surge in FY2024.
- There is a positive outlook regarding the company’s IPO in the coming years, which has given some hope to investors regarding the company’s strong financial position.
- Another reason that adds up to the expected share price rise in the future is the plans to launch the IPO in the coming years. The IPO launch will be planned after the company doubles its manufacturing capacity to 20-25 million tonnes in the year 2024.
- As an added advantage to the shares of this top-performing company, the co-founder, Sameer Mehta, has stated that the exemption of import duties for local assembly and other incentives on production could further boost the hearables and wearables sector
Now that we know the reasons why the co-founder of the company has a positive outlook for the growth in share prices of the company. Let’s have a look at the trend of the unlisted share of the company.
BoAt sells and manufactures consumer electronic products, primarily headphones, earphones, TWS, speakers, smartphones, etc. The products are sold under the brand names: BoAt, RedGear, Misfit, DEFY and TAGG. The company floats its share in the unlisted market domain and has a market capitalisation of Rs. 10,391.53 crores. The current BoAt unlisted share price is Rs. 785. The figure below depicts the fluctuations that the unlisted share price has undergone.
The company has been trading in the unlisted share market and has been giving its investors good financial returns. Even though the unlisted share prices seem a little unsteady, investors have instilled trust in the company’s foundations, So if you want to earn good returns, you can buy unlisted shares of the company.
| Name | BoAt Unlisted Share Details |
| Face Value | INR 1 per share |
| ISIN Code | INE03AV01027 |
| Lot Size | 25 shares |
| BoAt Unlisted Share Price | INR 785 per share |
| Market Cap | INR 10,700 crore |
| Total number of shares | 135,453,500 shares |
Financial Details Of BoAt (Imagine Marketing Services Pvt. Ltd)
Along with the unlisted market shares, it is also necessary to look at the company’s financial details. The table below shows the financial details of BoAt for the financial year 2020-22.
| Particulars | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 609.11 | 1,313.72 | 2,872.90 |
| Revenue Growth (%) | 169.70 | 115.67 | 118.68 |
| Expenses | 544.74 | 1,202.16 | 2,786.99 |
| Net income | 47.80 | 86.54 | 68.70 |
| Margin (%) | 7.85 | 6.59 | 2.39 |
| ROCE (%) | – | 25.59 | 9.29 |
| Debt/Equity | 0.68 | 0.09 | 1.51 |
| EBITDA (%) | 12.52 | 10.24 | – |
| EPS | 4.42 | 7.97 | 5.84 |
BoAt is ranked as the best wireless hearable brand by value and volume and is ranked second among the smartwatch brands in India as of 2021. The company has grown in market share, revenue, and income growth. The revenue from operations has grown significantly throughout the years, and BoAt has gained the investor’s trust, taking the growth journey a step forward.
Investments are being made in the unlisted share market to earn good returns, and BoAt has given its shareholders a positive growth expectation. The outlook for the future provided by Sameer Mehta is backed by solid research and authentic growth plans for the future. If you want to be a part of the growth journey of companies like BoAt, you can buy the unlisted shares of such companies.
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