Imagine Marketing files for Rs 2,000 crore IPO  






imagine Marketing, which owns the Boat brand of earphones and smartwatches, filed DRHP for an initial public offer (IPO) of up to Rs 2,000 crore with market regulator Sebi on Thursday.

According to the DRHP, the IPO would consist of a fresh issue of shares worth up to Rs 900 crore, an offer for sale of shares worth up to Rs 1,100 crore. South Lake Investment will sell shares worth up to Rs 800 crore in Imagine Marketing's IPO.

The company plans to utilize IPO proceeds to repay or prepay debt.

An ET report stated that the New Delhi-based company is expected to seek a valuation of $1.5-2 billion in the IPO to be floated this year.