Indian audio and wearables brand boAt files for $267m IPO

Private equity major Warburg Pincus-backed Imagine Marketing Pvt Ltd, which owns the audio and wearables brand boAt, has filed a draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs2,000 crore ($267 million) through an initial public offering (IPO).