GoBoult Plans IPO Filing by October, Eyes Summer 2027 Listing to Fuel Growth

Startup GoBoult, which specialises in smart wearables, intends to submit a DRHP to SEBI (the Securities and Exchange Board of India) in the months of October or November 2026. In the summer of 2027, according to cofounder Varun Gupta, the company plans to go public. The IPO process, he claimed, has already begun for the brand. The firm has accomplished its three primary goals in preparation for an initial public offering. Also, the company was hoping to rebrand before going public, as rebranding after the IPO presents a significantly larger risk appetite. Everything has been taken care of; therefore, GoBoult is now anticipating a summer 2027 listing.

Why GoBoult Rebranded from Boult?

To set the stage for its upcoming public listing, GoBoult repositioned itself in August 2025 by changing its name from Boult to something more youthful and upscale. This choice may have been impacted, though, by the fact that the firm was reportedly dealing with allegations of copyright infringement from rival boAt. Just a heads up, boAt is also getting ready to become public right now.

Going forward, GoBoult has set a number of goals, one of which is premiumisation, which it is advancing through strategic alliances with companies like Dolby and Mustang. According to Gupta, the result is that the startup's products' average selling price (ASP) has risen by more than 10%, from approximately INR 1,100 before.

With an increase in the share of its more premium-priced products, it aims to raise the ASP to 1,500 in the next two years. The firm is also putting a lot of effort into growing its offline presence before submitting its proposal for public listing. Gupta estimates that e-commerce accounts for over 80% of GoBoult's revenue, with rapid commerce contributing over 15%. Offline and its website make up the rest of its sales.

Financial Dynamics of GoBoult

Regarding the startup's financials, Gupta revealed that they want to earn INR 1,000 Cr in sales for FY26. Additionally, he anticipates a revenue rise of 15-20% in FY27. Going up 9.4% from INR 697.2 Cr in FY24, GoBoult had operational revenue of INR 762.9 Cr in FY25. The company's profit after tax (PAT) increased by nearly tenfold from INR 2.5 Cr in FY24 to INR 24.2 Cr in FY25. As of now, GoBoult is available in 3,000 physical locations in India.

The company is actively working to expand its presence in traditional general trade outlets in addition to its partnerships with modern trade outlet chains such as Croma and Reliance Digital. The wearables industry in India has been stagnant for a while, but new businesses selling smartwatches and audio devices have emerged, increasing competition in the space.