IPO · Commerce & Consumer Brands

Atomberg files DRHP for ₹450 crore IPO

By Startup Enthusiast · 17 August 2026

What they do

Atomberg makes ceiling fans, mixer grinders, water purifiers and smart locks

It filed a DRHP for an IPO with a fresh issue of ₹450 crore and an OFS of 7.65 crore shares

The company holds 46% market share in India's premium fan segment by sales value

Atomberg Technologies filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
The IPO includes a fresh issue of up to ₹450 crore and an offer for sale (OFS) of up to 7.65 crore equity shares (face value ₹10 each).
A pre-IPO placement of up to ₹90 crore is allowed; if completed, the fresh issue size will be reduced by that amount.
Fresh issue proceeds: ₹90 crore for repayment or prepayment of borrowings, ₹150 crore for brand awareness and performance marketing, and ₹100 crore for research and development (R&D).
The remaining fresh issue proceeds will be used for general corporate purposes.
OFS sellers include A91 Emerging Fund I LLP (up to 3.77 crore shares), V-Sciences Investments Pte Ltd (Temasek-backed, up to 1.22 crore shares), and Jungle Ventures (JV4) (up to 99.5 lakh shares).
Other OFS sellers are Inflexor Opportunities Fund 1, Steadview Capital Mauritius, Survam Partners, and Inflexor Technology Fund.
Founders Manoj Kumar Meena and Sibabrata Das are not selling any shares in the IPO.

A91 Partners, with a 21.02% stake, is the largest shareholder and will sell up to 3.77 crore shares in the OFS.
Since 2019, early investors and founders have sold shares worth ~₹683 crore in secondary transactions, including A91 Partners selling ~₹445 crore worth.
The company reported a restated loss of ₹148.88 crore in FY26, widening from ₹117.4 crore in FY25, despite revenue growth of 34.8% to ₹1,293.77 crore.
Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization, adjusted for one-time items) fell to ₹37.12 crore in FY26 from ₹51.35 crore in FY25.
The company holds a 46.08% market share in India's premium fan segment by sales value (Redseer report).

Atomberg is a deep-tech and R&D-led consumer appliance company.
Its products include ceiling fans, mixer grinders, water purifiers, cold-pressed juicers, and smart locks.
It designs, manufactures, and supplies proprietary components like motors and controllers to enterprise customers through its subsidiary Atomberg Innovations Pvt. Ltd.
Enterprise customers include Voltas, Godrej, and Blue Star.
Sales channels include distributors, retailers, modern trade, institutional partners, e-commerce, quick-commerce, and its own website.
As of March 31, 2026, it had ~626 distributors/direct dealers and 46,932 retail touchpoints across ~1,600 cities and towns.
Its service network covers over 18,000 pin codes.
In FY26, 35.76% of consumer appliance revenue came from digital channels.

Use IPO proceeds for debt repayment, brand marketing, and R&D.
Marketing and R&D spending will be split evenly across FY27 and FY28; debt repayment in FY27.
The company aims to expand its market presence and product portfolio.

A91 Emerging Fund I LLP (seller) — Part of A91 Partners, the largest shareholder with 21.02% stake.
V-Sciences Investments Pte Ltd (seller) — Temasek-backed entity.
Jungle Ventures (JV4) (seller) — Singapore-based venture capital firm.
Inflexor Opportunities Fund 1 (seller) — Part of Inflexor Ventures.
Steadview Capital Mauritius (seller) — Mauritius-based investment firm.
Survam Partners (seller) — Investment entity.
Inflexor Technology Fund (seller) — Part of Inflexor Ventures.

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