Atomberg Technologies Limited, a manufacturer of consumer appliances, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO).
The sellers in this IPO include entities such as A91 Emerging Fund I LLP, V-Sciences Investments Pte Ltd, JV4, Inflexor Opportunities Fund 1, Steadview Capital Mauritius Limited, Inflexor Technology Fund, and Survam Partners LLP.
The offering comprises two components: a fresh issue of equity capital with a face value of 10 rupees, totaling 450 crore rupees, and an offer to sell 76,542,051 equity shares, each with a face value of 10 rupees.
Atomberg is a deep technology and Research & Development (R&D) based company that manufactures next-generation home appliances for Indian households, including fans, blenders, water purifiers, and cold-press juicers. This company, incubated at IIT Bombay, was founded by Manoj Mina in 2012, with Shibabrata Das joining as co-founder in 2013.
According to the DRHP, the company plans to utilize the net proceeds as follows: 90 crore rupees will be used to repay or prepay certain loans, 150 crore rupees for brand awareness and marketing campaigns, and 100 crore rupees for research and development. The remaining amount will be used for general corporate purposes.
The bankers for this issue are ICICI Securities Limited, Avendus Capital Private Limited, and IIFL Capital Services Limited (formerly known as IIFL Securities Limited).
Atomberg sells its products through offline channels, such as general market distributors, retailers, modern retail chains, and institutional partners, as well as through online platforms, including e-commerce marketplaces, quick delivery platforms, and its own e-commerce website.
According to Atomberg's statement, as of March 31, 2026, the company's general market network comprised approximately 626 distributors and direct dealers, along with 46,932 retail touchpoints in about 1,600 cities and towns, having a presence in all states of India. The service network covered over 18,000 postal codes across India, supported by trained state agents and third-party providers for installation and after-sales service across various categories.
Atomberg's operating revenue reached 1293.77 crore rupees in the fiscal year 2026, while the loss amounted to 456.45 crore rupees. The online channel accounted for approximately 35.76% of the consumer appliance business revenue, significantly exceeding the same figure among competitors.
