India, Feb. 21 -- Aman Gupta-led consumer electronics brand boAt is reportedly planning to soon file its draft red herring prospectus (DRHP) for its initial public offering via the confidential filing route.

The audio products and smartwatch maker is likely to launch its IPO in the fiscal year 2025-26 (FY26), with plans to raise INR 2,000 Cr (around $231 Mn), CNBC-TV18 reported.

Earlier, it was reported that boAt would target a valuation exceeding $1.5 Bn for its IPO and had onboarded three bankers to helm the public issue.

Notably, this is boAt's second attempt to go public. In 2022, the Delhi NCR-based company filed its DRHP with SEBI for INR 2,000 Cr IPO. The markets regulator greenlit the IPO in May 2022.

However, the startup late...