1 week ago
Atomberg Files IPO Papers With Rs 450 Crore Fresh Issue
Atomberg makes home appliances such as fans, mixer grinders, water purifiers and juicers.
The company has asked regulators for permission to sell shares to the public.
It plans to raise up to Rs 450 crore through new shares.
Some existing investors also plan to sell 7.65 crore shares.
Atomberg wants to spend part of the new money on advertising and marketing.
It also plans to invest in research and development.
Some funds will be used to repay loans.
The company operates manufacturing facilities in Pune and reported higher revenue in FY2026 than in FY2024.
Atomberg Technologies has filed preliminary IPO papers with the Securities and Exchange Board of India.
The proposed IPO includes a fresh share issue of up to Rs 450 crore and an OFS of 7.65 crore shares.
Investors including A91 Partners, V-Sciences Investments, Jungle Ventures, Inflexor, Steadview Capital Mauritius and Survam Partners will sell shares through the OFS.
Atomberg plans to use Rs 150 crore for marketing, Rs 100 crore for research and development, and Rs 90 crore to repay or prepay borrowings.
The company makes consumer appliances and proprietary components, with operating revenue rising to Rs 1,293.77 crore in FY2026 from Rs 796.98 crore in FY2024.
- Who
- Atomberg Technologies Ltd, its existing investors and the Securities and Exchange Board of India.
- What
- Atomberg filed preliminary papers for an IPO involving a fresh issue of up to Rs 450 crore and an OFS of 7.65 crore shares.
- Where
- The filing was reported from New Delhi, while Atomberg operates two leased manufacturing facilities in Pune, Maharashtra.
- When
- The draft red herring prospectus was filed on Thursday; the article does not provide a calendar date.
- Why
- The company plans to use the fresh proceeds for marketing, research and development, debt repayment or prepayment, and general corporate purposes.
Key facts
- Fresh issue
- Up to Rs 450 crore
- Offer for sale
- 7.65 crore equity shares
- Marketing allocation
- Rs 150 crore for brand awareness and performance marketing
- Research allocation
- Rs 100 crore for research and development
- Debt allocation
- Rs 90 crore to repay or prepay certain borrowings
- FY2026 operating revenue
- Rs 1,293.77 crore
- Manufacturing presence
- Two leased facilities in Pune, Maharashtra
Sources
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