GoBoult, a wearables firm, is preparing to file its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) by October or November 2026, as per Inc42 report. The company is aiming for a stock market debut by the summer of 2027, Co-Founder Varun Gupta said.
As per report, the management said it had set 3 internal goals before moving ahead with the offering: a rebrand, a shift towards higher-priced products and crossing the ₹1,000 crore revenue level.
The company rebranded from Boult to GoBoult in August 2025. The change was intended to reposition the brand before its proposed public listing.
This followed reports of a copyright dispute with competitor boAt, which is also working towards an initial public offering(IPO).
In FY25, GoBoult reported operating revenue of ₹762.9 crore, compared with ₹697.2 crore in FY24. Net profit rose to ₹24.2 crore from ₹2.5 crore a year earlier.
The company is targeting revenue of ₹1,000 crore in FY26. It expects a further 15-20% growth in FY27 and has outlined plans to reach around ₹3,000 crore in revenue over the next 4 years.
GoBoult has been focusing on higher-priced products through partnerships with brands such as Mustang and Dolby. The company said this led to an increase of over 10% in the average selling price from around ₹1,100 earlier.
It is targeting an average selling price of about ₹1,500 within the next 2 years as premium products account for a larger share of sales.
About 80% of the company’s sales currently come from ecommerce platforms, while more than 15% come through quick commerce channels. The remaining share comes from its website and offline stores.
GoBoult has a presence in around 3,000 retail outlets across India, including chains such as Croma and Reliance Digital, and is expanding its reach in general trade stores.
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The company plans to file its IPO papers later in 2026 after meeting internal targets and improving profitability. The proposed listing is scheduled for the summer of 2027.
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Published on: Feb 12, 2026, 2:22 PM IST
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