1 week ago
Atomberg Technologies Files ₹450-Crore IPO DRHP With SEBI
Atomberg Technologies makes fans and other home appliances.
It has filed papers with SEBI to prepare for selling shares to the public.
The IPO may include ₹450 crore of new shares and shares sold by existing shareholders.
The company plans to use some money to repay loans, advertise its brand and fund research.
Its products include fans, mixer grinders, water purifiers, juicers and smart locks.
It also makes motors and controllers for other companies.
Atomberg earned ₹1,293.77 crore in revenue in FY26.
However, its adjusted EBITDA was lower than in the previous year, showing that its sales grew while this measure of operating profitability declined.
Atomberg Technologies filed a DRHP with SEBI for an IPO comprising a fresh issue of up to ₹450 crore and an offer for sale of 76.54 million shares.
The company plans to use ₹90 crore to repay borrowings, ₹150 crore for brand and performance marketing, and ₹100 crore for research and development.
Atomberg reported FY26 revenue of ₹1,293.77 crore and adjusted EBITDA of ₹37.12 crore, compared with ₹51.35 crore in FY25.
The company claims a 46.08% share of India’s premium fan segment and operates across fans, kitchen appliances, water purifiers, smart locks and proprietary components.
As of March 31, 2026, Atomberg had 626 distributors and direct dealers, 46,932 retail touchpoints and service coverage across more than 18,000 pincodes.
- Who
- Atomberg Technologies, founded by Manoj Meena and joined by Sibabrata Das as co-founder.
- What
- The company filed a draft red herring prospectus with SEBI for an IPO involving a fresh issue of up to ₹450 crore and an offer for sale of 76.54 million shares.
- Where
- Atomberg operates in India and has two leased manufacturing facilities in Pune.
- When
- The filing was reported on August 21, 2026; the operating and financial figures largely relate to FY26 and March 31, 2026.
- Why
- The proposed proceeds are intended for debt repayment, brand awareness and performance marketing, research and development, and general corporate purposes.
Growth and Expansion Case
Financial Risk Concerns
IPO purpose
Growth and Expansion Case
Atomberg plans to use the proceeds to repay borrowings, expand brand awareness and performance marketing, strengthen R&D and support general corporate needs.
Financial Risk Concerns
The IPO also involves an offer for sale by existing shareholders, and the company’s adjusted EBITDA declined despite higher revenue.
Market position
Growth and Expansion Case
The company claims the highest market share among scaled consumer appliance companies in India’s premium fan segment, with a 46.08% share in FY26.
Financial Risk Concerns
The market-share claim is company-positioned and limited to the defined premium fan segment and comparison group described in the filing.
Business performance
Growth and Expansion Case
Revenue rose to ₹1,293.77 crore in FY26, while online and offline channels both expanded and the company reached nearly 1,600 cities and towns.
Financial Risk Concerns
Adjusted EBITDA fell to ₹37.12 crore from ₹51.35 crore, while the company also reported a restated loss of ₹148.88 crore in FY26, compared with ₹199.08 crore in FY24.
Key facts
- Fresh issue
- Up to ₹450 crore
- Offer for sale
- 76.54 million equity shares
- FY26 revenue
- ₹1,293.77 crore, up from ₹959.51 crore in FY25
- FY26 adjusted EBITDA
- ₹37.12 crore, compared with ₹51.35 crore in FY25
- IPO proceeds allocation
- ₹90 crore for borrowings, ₹150 crore for brand and performance marketing, and ₹100 crore for R&D
- Premium fan market share
- Approximately 46.08% by cumulative sales value in FY26
- R&D and distribution
- ₹86.79 crore spent on R&D in FY26; 46,932 retail touchpoints and service coverage across more than 18,000 pincodes
Sources
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