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boAt Co-Founder's Cryptic Post Amid IPO Leadership Shift
24 Nov, 2025
Summary
- boAt co-founders have stepped down from executive roles.
- The company is undergoing leadership changes before its IPO.
- Gupta shared a cryptic post, fueling speculation about changes.
Audio electronics brand boAt is experiencing significant leadership transitions as co-founders Aman Gupta and Sameer Mehta have stepped down from their executive positions. Gupta, previously the Chief Marketing Officer, and Mehta, the Chief Executive Officer, have resigned from their operational roles but will continue to serve as non-executive directors. This shake-up occurs as the company prepares for its long-awaited Initial Public Offering (IPO).
Amidst these changes, co-founder Aman Gupta posted a cryptic message on LinkedIn, stating, "Rumours, narratives, expert comments, sab chal raha hai. For now, I am just sitting back enjoying the show." This post has ignited further speculation regarding the reasons behind the leadership departures and the potential impact on the IPO. Gupta further likened the surrounding buzz to "birds chirping" and "monkeys doing circus."
The Draft Red Herring Prospectus (DRHP) filed by boAt confirms the resignations of Gupta and Mehta. The IPO is structured with a Rs 1,000 crore offer-for-sale component and a Rs 500 crore fresh issue. Reports also suggest that boAt may have scaled down its initial IPO offering, adding to the ongoing discussions.
