Atomberg Technologies files DRHP with SEBI for IPO comprising fresh issue, OFS components

Home appliance maker Atomberg Technologies Ltd has filed a draft red herring prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise funds via initial public offering.

The proposed initial share sale is a combination of fresh issuance of shares valued at ₹450 crore and an offer for sale of 76,541,851 shares by existing investors A91 Partners, Jungle Ventures, Inflexor, Steadview Capital Mauritius, Temasek-backed V-Sciences Investments and Survam Partners LLP.

The company intends to use funds to the tune of ₹150 crore for brand awareness and performance marketing, ₹100 crore for investments in R&D and ₹90 crore to repay or prepay certain borrowings. The remaining funds will be utilised for general corporate purposes.

"We expect to achieve the benefits of listing of the equity shares on the stock exchanges and creation of a public market for the equity shares," the company said in its preliminary papers.

Atomberg Technologies may consider a pre-IPO placement of ₹90 crore. If such placement takes place, the amount raised will be deduced from the fresh issue.

Of the net issue, 75% will be reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.

Manoj Meena founded Atomberg in 2012, and Sibabrata Das joined as co-founder in 2013.

The firm develops technology-led consumer appliances like fans, mixer grinders, cold-pressed juicers and water purifiers under the Atomberg brand.

Its subsidiary, Atomberg Innovations Private Limited, also designs and supplies proprietary components like motors and controllers to enterprise customers such as Blue Star, Voltas and Godrej.

It runs two leased manufacturing units in Maharashtra's Pune, catering to its proprietary components and consumer appliance businesses.

On the financial front, the company's revenue from operations advanced to ₹1,293.77 crore in the financial year 2025-26 from ₹796.98 crore in the fiscal year 2024. Its loss narrowed to ₹149 crore in FY26 vs ₹199 crore in FY24.

ICICI Securities, IIFL Capital Services and Avendus Capital are the issue's book-running lead managers, while MUFG Intime India is the registrar.