IPO · Commerce & Consumer Brands
Atomberg converts to public company for IPO
By Startup Enthusiast ·
- Date
- Company
- Atomberg Technologies
- What it does
- Energy-efficient home appliances maker
- Kind
- IPO
- Amount
- ₹1,500-2,000 Cr
- Stage
- public
- Founded
- 2012
What they do
Atomberg makes energy-efficient BLDC fans and small home appliances
What happened
It converted to a public company and plans a ₹1,500-2,000 Cr IPO with fresh issue and OFS
Why it matters
The company crossed ₹1,000 Cr total income in FY25 and narrowed its net loss by 41%
The details
- Atomberg Technologies converted from a private to a public company and changed its name to Atomberg Technologies Ltd.
- It appointed three independent directors: Subhasis Chaudhuri, Suman Gopalan, and Anand Vora.
- The company plans an IPO of ₹1,500-2,000 Cr ($165-220 Mn).
- The IPO includes a fresh issue (25-35%) and an offer for sale (OFS) by existing investors.
- IPO proceeds will be used for capital expenditure, debt repayment, and marketing.
- Bankers for the IPO are Avendus and IIFL Capital.
- The DRHP (draft red herring prospectus, the preliminary IPO document) filing is upcoming.
- The IPO is likely to happen later in 2026.
The bigger picture
- Atomberg crossed ₹1,000 Cr total income in FY25.
- Its net loss narrowed 41% to ₹117 Cr in FY25.
- The company is backed by Temasek, a Singapore sovereign wealth fund.
- A pre-IPO round of ₹40 Cr was planned earlier but its status is unclear.
About the business
- Atomberg makes energy-efficient BLDC (brushless direct current, a motor that uses less power) fans.
- It started with B2B sales and entered the consumer market in 2016.
- Product categories include ceiling fans, mixer grinders, water purifiers, smart locks, juicers, and small appliances.
- It sells through offline retailers, online marketplaces, and its own website.
- Products are designed and made locally in India.
- Its subsidiary Atomberg Innovation Private Limited builds motors and controllers for home appliances (B2B).
- The engineering arm is in talks to raise ₹150-200 Cr led by General Catalyst at a valuation of ₹1,500-1,700 Cr.
What happens next
- Raise ₹150–200 crore in a funding round led by General Catalyst at a valuation of ₹1,500–1,700 crore.
The deal
- Type
- IPO
Investors
- Inflexor Ventures (existing)
- Trifecta Capital Advisors (existing)
- Steadview Capital (existing)
- Temasek Holdings (existing) — Singapore sovereign wealth fund
- Jungle Ventures (existing)
Founders
- Manoj Meena, Chairman and Managing Director
- Sibabrata (Shibam) Das, CEO
About Atomberg Technologies
- Product
- consumer appliances startup
- Customers
- Households and commercial buyers looking for energy-efficient cooling and home appliances
- How it makes money
- Designs, manufactures, and sells consumer home appliances via retail stores and online channels
- What sets it apart
- In-house BLDC motor and electronics engineering that reduces ceiling fan power consumption
Other articles talking about it
More on Atomberg Technologies
- Atomberg Technologies files for IPO12 September 2026 · IPO · ₹450 Cr
- Atomberg files DRHP for ₹450 crore IPO17 August 2026 · IPO · ₹450 crore
- Atomberg forms joint venture with Voltas to manufacture AC compressors15 August 2026 · Partnership · ₹450 crore
- Atomberg splits leadership, names new CEO15 April 2026 · People
- Atomberg expands into B2B components, plans IPO18 March 2026 · Launch · ₹150-200 crore
- Atomberg narrows net loss as revenue grows in FY252 January 2026 · Results
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