Bengaluru, Feb. 21 -- Consumer electronics brand boAt is gearing up to submit a confidential Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO) in the financial year 2025-26, sources told CNBC-TV18.

The company aims to raise Rs 2,000 crore through the public listing.

This will be the company's second attempt at going public after it initially filed for an IPO of the same size in 2022 but later withdrew due to unfavourable market conditions.

Instead, boAt secured $60 million in private funding at the time.

This approach is increasingly being adopted by companies looking to optimise market timing and regulatory approvals.

As the company moves closer to its public debut, analysts will closely monitor its financial...