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IPO · Commerce & Consumer Brands

Atomberg Technologies files for IPO

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Date
Company
Atomberg Technologies
What it does
Consumer appliance manufacturer
Kind
IPO
Amount
₹450 Cr
Stage
public
Based in
Mumbai
Founded
2012
Sector
Commerce & Consumer Brands

What they do

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

What happened

The IPO includes a fresh issue of up to ₹450 crore and an offer for sale of up to 76,541,851 shares

Why it matters

The total IPO size is up to Rs. [*] Crores, comprising a fresh issue of Rs. 450.00 Crores and an offer for sale of up to Rs. [*] Crores

The details

  • Atomberg Technologies filed for an IPO to list its equity shares on the NSE.
  • The offering includes a fresh issue of shares worth up to ₹450 crore.
  • Selling shareholders will offload up to 76,541,851 equity shares through an offer for sale.
  • The company may consider a pre-IPO placement of up to ₹90 crore before filing its final prospectus.
  • Proceeds from the fresh issue will fund debt repayment, marketing, R&D, and general corporate needs.

The bigger picture

  • The company serves a customer base of over 1 crore people who use its fan products.
  • The IPO allows early institutional investors to exit or partially liquidate their holdings in the company.

About the business

  • The company designs and sells energy-efficient home appliances.
  • Product categories include ceiling fans, mixer grinders, water purifiers, and smart locks.
  • It also manufactures juicers for the consumer market.
  • The firm operates out of its headquarters in Vikhroli West, Mumbai.
  • It maintains a dedicated investor relations channel for stakeholders.

What happens next

  • The company plans to use funds for brand awareness and performance marketing.
  • Investment in research and development is a stated priority for the IPO proceeds.

The deal

Type
ipo

Investors

  • A91 Emerging Fund I LLP (seller) — Institutional investor selling up to 37.6 million shares.
  • V-Sciences Investments Pte. Ltd. (seller) — Institutional investor selling up to 12.2 million shares.
  • Jungle Ventures IV VCC (seller) — Institutional investor selling up to 9.9 million shares.

Founders

  • Manoj Meena, Founder
  • Sibabrata Das, Founder

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

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