Boat company first of all does not show any name inclination that it sells audio products but notwithstanding that Apple also does not sell apples so we will let go of with the name.
However, one thing which deserves merit is that it is relying more on eCommerce sites like Amazon and Flipkart and if anything goes wrong with them, its whole selling strategy will go haywire. Secondly it is importing maximum from China so if our relations with China goes for a six, it will go down the drain. However; it is trying to remove this anomaly by relying more on Vietnam oblique homegrown industry like Dixon.
The biggest concern is that its valuation is on a very very high side as till last year it was being valued at dollar 300 million and suddenly in one year it is being valued at 2 billion which is more than 7 times. However its results are not that fantastic that it deserves a valuation which is more than 7 times in one year time frame.
So our verdict on this IPO is that you should avoid it as a majority of the new generation ipos like Zomato Etc are trading at a discount.
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The video on vo type overload below this line and you must make an endeavour to watch it.
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