India, April 7 -- Imagine Marketing, the parent of wearables and audio brand boAt, has filed the draft papers for its IPO via the confidential filing route.

The filing has been made under SEBI's confidential pre-filing route, the company said in a notice, as per news agency PTI. It added that the submission of the pre-filed draft papers does not guarantee it will proceed with the IPO.

This is the company's second attempt at going public.

boAt earlier filed for an IPO in January 2022 with an aim to raise INR 2,000 Cr. The offering included a fresh issue of INR 900 Cr and an offer for sale (OFS) of INR 1,100 Cr by existing shareholders. However, it shelved the plan amid volatile market conditions and weak investor sentiment towards new-a...