Atomberg Technologies IPO Approval
Atomberg Technologies, a leading consumer appliances manufacturer, has secured approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The IPO features a new equity share issue valued at up to Rs 450 crore along with an offer for sale (OFS) of 7.65 crore shares from present shareholders. The specific price range and timeline for the issue have yet to be disclosed.
From the fresh equity issue proceeds, Atomberg intends to allocate Rs 90 crore to repay or prepay outstanding borrowings. An additional Rs 150 crore will be directed towards enhancing brand awareness and engaging in performance marketing initiatives. Furthermore, Rs 100 crore is earmarked for ongoing research and development activities, while the remainder will be designated for general corporate needs.
About Atomberg Technologies
Founded in 2012 by Manoj Meena, Atomberg was later joined by co-founder Sibabrata Das in 2013. The company started with a focus on energy-efficient ceiling fans but has since broadened its range to encompass mixer grinders, water purifiers, cold-pressed juicers, and other consumer appliances.
Manufacturing and Supply Segment
In addition to its consumer appliance segment, Atomberg also produces and supplies proprietary motors, controllers, and various components to enterprise clients such as Voltas, Godrej, and Blue Star via its subsidiary, Atomberg Innovations.
Financial Performance
On the financial side, Atomberg reported a 34.8% increase in revenue from operations, reaching Rs 1,293.77 crore in FY26, up from Rs 959.51 crore in FY25. Nevertheless, the adjusted EBITDA decreased to Rs 37.12 crore during the fiscal year, down from Rs 51.35 crore in FY25. The company incurred a loss of Rs 148.88 crore in FY26, which is an improvement from a loss of Rs 199.08 crore in FY24.
Investor Actions
Ahead of its planned listing, Atomberg has witnessed some partial exits by current investors. A91 Partners, which has supported the firm since 2019, has divested shares worth approximately Rs 445 crore while maintaining a 21% ownership stake, as detailed in the company’s IPO disclosures.
In terms of management for the IPO, ICICI Securities, Avendus Capital, and IIFL Capital Services are designated as the book-running lead managers for the offering.