Smart wearables brand GoBoult plans to file draft papers for IPO with the Securities and Exchange Board of India by October 2026, aiming for a listing in early summer 2027, cofounder Varun Gupta said in recent media interactions. The company has initiated preparatory work and is working toward an 18‑month runway to the bourses.
GoBoult IPO Timeline
Management indicated the listing window is contingent on market conditions but remains the internal target, following three self‑set milestones: rebranding, a shift toward premium products, and crossing INR 1,000 crore in annual revenue. Details on IPO size or use of proceeds were not disclosed.
GoBoult, earlier known as Boult, undertook a brand refresh in August 2025 to align with its premiumisation strategy and readiness for public markets. The company said the rebrand is intended to strengthen pricing power and margins ahead of the float.
GoBoult IPO: Financial Performance
GoBoult reported operating revenue of INR 762.9 crore in FY25, up 9.4% year‑on‑year from INR 697.2 crore, while profit after tax surged to INR 24.2 crore from INR 2.5 crore a year earlier. Management said it is on track to reach about INR 1,000 crore in FY26, with a further 15–20% revenue growth targeted in FY27.
“We are looking at an IPO somewhere in the summer of 2027,” Gupta said, adding that the brand is progressing on its premiumization playbook and operational metrics to support a listing. He outlined a longer-term ambition to scale revenue to about INR 3,000 crore by FY30, implying roughly 30% annual growth.
Channel Mix & Premium Push
As part of its pivot up the price ladder, GoBoult has tied up with partners such as Mustang and Dolby, which the company said has already lifted average selling prices by over 10% from around INR 1,100; it is targeting an ASP of roughly INR 1,500 over the next two years. The startup added that while ecommerce contributes nearly 80% of sales and quick commerce over 15%, it plans to deepen offline and direct‑to‑consumer channels to diversify demand.
Gupta said ecommerce growth has plateaued and the broader wearables category is currently “degrowing”, prompting a push into higher‑spec, higher‑margin products and greater store presence. The company also flagged international expansion plans, including the US and Southeast Asia, as a medium‑term growth vector.
Background and Market Context
The rebrand to GoBoult in August 2025 was framed as a strategic move to shed the audio‑only tag and support an omnichannel, premium positioning ahead of the IPO. Earlier reports also highlighted an expansion drive from a few thousand to tens of thousands of retail points and entry into new overseas markets.
While the company has not shared the prospective IPO size or valuation, the planned timeline—DRHP by October–November 2026 and listing by mid‑2027—places the offer in a window that could benefit from improving profitability and brand repositioning but remains subject to market liquidity, regulatory approvals, and execution on its premiumization strategy.
GoBoult IPO Highlights
- DRHP filing targeted for Oct–Nov 2026; listing expected in in Q4 FY27.
- FY25 operating revenue INR 762.9 crore; PAT INR 24.2 crore.
- FY26 revenue goal about INR 1,000 crore; FY27 growth guided at 15–20%.
- ASP already up >10%; two‑year ASP target around INR 1,500.
- Channel mix: ~80% ecommerce, >15% quick commerce; push into offline and D2C.
- Rebranded from Boult to GoBoult in August 2025 to back premium push.
- Longer‑term revenue ambition: INR 3,000 crore by FY30.
Conclusion
The proposed GoBoult IPO timeline—filing by October–November 2026 and a summer 2027 listing—sets a clear marker for the wearables brand as it leans on premiumisation, broader distribution and overseas forays. Delivering on the INR 1,000‑crore FY26 target and sustaining margin gains will be key to keeping the IPO window in sight.