Sebi approves boAt parent’s IPO; firm eyes $1.5 billion valuation

India's markets regulator has approved the initial public offering (IPO) of electronics brand boAt's parent, Imagine Marketing, according to a document from the regulator published on Tuesday.

boAt, known for its headphones and smart watches, confidentially filed for an IPO in April. The Warburg Pincus-backed firm is targeting a valuation of $1.5 billion, according to local media reports.