Atomberg IPO: Board Approves ₹450 Cr Public Listing Plans
Consumer appliance startup Atomberg’s board passed a special resolution to raise up to ₹450 Cr through an initial public offering (IPO) at an extraordinary general meeting held on August 12, according to the startup’s disclosures filed with the MCA.
The proposed public issue will comprise a combination of fresh equity issuance and an offer for sale by existing shareholders, subject to market conditions and regulatory clearances from SEBI.
Alongside the IPO resolution, the board approved a pre-IPO placement of up to ₹90 Cr. If a pre-IPO placement takes place, the size of the offer would be reduced from the fresh issue portion to the extent of equity shares issued under the pre-IPO placement, subject to the offer satisfying the minimum offer size requirements under the SCRR and applicable laws.
Atomberg had earlier sought to raise ₹40 Cr in a secondary funding round led by Forj Capital, cofounder Sibabrata Das told Inc42 last year. The consumer appliance maker had taken the first step on its path to becoming a publicly listed company a few weeks ago by converting into a public entity.
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Founded in 2012 by IIT Bombay alumni Manoj Meena and Sibabrata Das, Atomberg started with B2B sales of energy-efficient BLDC fans before entering the consumer market in 2016.
It has since diversified into product categories such as mixer grinders and water purifiers, though fans continue to generate the largest share of its revenue. The company sells its products through its own website, ecommerce platforms such as Amazon and Flipkart, and offline channels.
Atomberg has raised about $126.5 Mn to date from investors including Inflexor Ventures, Trifecta Capital Advisors, Steadview Capital, Temasek Holdings, and Jungle Ventures. The startup reduced its net losses by 41% to ₹117 Cr in FY25, while operating revenue rose over 20% to ₹958.4 Cr. The startup is yet to disclose its financial results for FY26.
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