<ul><li>Imagine Marketing, the parent company of consumer device maker Boat, has filed draft documents for an IPO with SEBI.</li><li>Boat is targeting a valuation exceeding $1.5 billion for the IPO, which may change closer to the filing.</li><li>Previously, Boat had halted its plans for a Rs 2,000 crore IPO and raised $60 million in private capital.</li><li>Despite a decline in wearable device shipments in India, Boat recorded a total revenue of Rs 3,122 crore in FY24.</li></ul>

Boat’s parent Imagine Marketing files for IPO; eyes valuation of over $1.5 billion

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