Atomberg IPO: Consumer appliance maker Atomberg Technologies has filed its DRHP with SEBI for an IPO that combines a fresh issue of up to Rs 450 crore with an offer for sale of more than 7.65 crore shares. A91 Emerging Fund, Temasek-backed V-Sciences, Jungle Ventures vehicle JV4 and other investors are among the shareholders seeking partial exits.
Atomberg Technologies has taken a formal step towards the public markets, filing its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering.
The proposed IPO will include a fresh issue of equity shares worth up to Rs 450 crore and an offer for sale of 7,65,42,051 equity shares, each carrying a face value of Rs 10.
While the fresh capital will go to Atomberg, the OFS will allow several of its existing investors to sell part of their holdings. A91 Emerging Fund I LLP is set to make the largest sale, offering about 3.77 crore shares. Temasek-backed V-Sciences Investments Pte Ltd plans to sell about 1.22 crore shares, while Jungle Ventures, through JV4, will offer roughly 99.46 lakh shares.
Inflexor’s funds are expected to sell about 87.9 lakh shares. Steadview Capital Mauritius and Survam Partners are also part of the OFS, with proposed sales of about 45.38 lakh shares and 33.18 lakh shares, respectively.
Atomberg IPO: Rs 100 crore set aside for R&D
What stands out in the fresh issue is the amount Atomberg plans to put back into product development.
The company intends to use Rs 90 crore from the net proceeds to repay or prepay certain borrowings. Another Rs 150 crore has been earmarked for brand awareness and performance marketing, while Rs 100 crore is proposed for research and development. The remaining proceeds will be used for general corporate purposes.
The allocation gives the IPO a broader purpose than simply reducing debt or strengthening the balance sheet. A sizeable portion of the proposed capital is being directed towards both brand building and R&D, two areas closely tied to Atomberg’s effort to expand its consumer appliance portfolio.
From fans to a wider appliance portfolio
Atomberg was founded by Manoj Meena in 2012, with Sibabrata Das joining as co-founder in 2013. The company has built its business around consumer appliances, with products including ceiling fans, mixer grinders, water purifiers and juicers.
Its distribution model now stretches across both physical retail and digital channels.
As of March 31, 2026, Atomberg’s general trade network included around 626 distributors and direct dealers and 46,932 retail touchpoints spread across roughly 1,600 cities and towns. Its service network covered more than 18,000 pin codes, supported by in-house agents and third-party service providers.
The company also has a sizeable online business. Digital channels accounted for about 35.76% of revenue from its consumer appliances business, reflecting the importance of ecommerce, quick-commerce platforms and Atomberg’s own online store alongside its offline presence.
Revenue crosses Rs 1,293 crore in FY26
Atomberg reported revenue from operations of Rs 1,293.77 crore in FY2026.
Separate financial details cited in the IPO coverage show that revenue from operations increased 34.8% year on year from Rs 959.51 crore in FY2025.
The company’s position in the premium fan category remains an important part of its business. A Redseer report cited in the IPO filing placed Atomberg’s market share in the premium fans segment at 46.08% by relative sales value in FY26.
That combination of a large retail footprint, meaningful online contribution and an established position in premium fans provides the commercial backdrop to Atomberg’s move towards the stock market.
A91 leads the shareholder exits
The OFS also puts the spotlight on Atomberg’s institutional shareholder base.
A91 Partners is identified as the company’s largest shareholder with a 21.02% stake, while founder Manoj Kumar Meena holds 17.73%. Co-founder Sibabrata Das owns 10.02%. Steadview Capital, Jonsong Investments and Inflexor Ventures are also among the shareholders named in the IPO-related disclosures.
The proposed sale by A91 is substantially larger than those of the other shareholders participating in the OFS, making its partial exit one of the most notable elements of the transaction.
At the same time, the Rs 450 crore fresh issue means the IPO is not solely a liquidity event for existing investors. Atomberg itself is seeking fresh capital to reduce borrowings and spend on marketing, research and development and general corporate requirements.
ICICI Securities, Avendus Capital and IIFL Capital Services are the book-running lead managers for the issue.
Also Read: First Coffee Raises $1.3 Mn as DG Daiwa Ventures Makes Its First India Specialty Coffee Bet
