Atomberg Technologies Files DRHP for IPO
Mumbai, India – Premium consumer appliance manufacturer Atomberg Technologies has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO).
The proposed IPO consists of a fresh issue of equity shares aiming to raise up to Rs 450 crore, alongside an Offer For Sale (OFS) of 76,542,051 equity shares, each with a face value of Rs 10.
Strategic Utilisation of IPO Proceeds
Atomberg Technologies plans to strategically deploy the net proceeds from the fresh issue. A significant portion, Rs 90 crore, is earmarked for the repayment or prepayment of certain existing borrowings. Further investments include Rs 150 crore towards enhancing brand awareness and performance marketing activities, and Rs 100 crore dedicated to bolstering the company's research and development capabilities. The remaining funds will be allocated for general corporate purposes.
Growth and Market Leadership in Premium Appliances
Founded by Manoj Meena in 2012, with Sibabrata Das joining as co-founder in 2013, Atomberg operates in the Consumer Appliance Business and the Proprietary Components segment. The company holds the highest market share in India's premium fans segment among established consumer appliance companies.
Beyond its flagship premium fans, Atomberg's product portfolio includes mixer grinders, water purifiers (introduced in 2025), and cold-pressed juicers. Through its subsidiary, Atomberg Innovations, the company also designs and manufactures motors and controllers for enterprise clients such as Voltas, Godrej, and BlueStar.
Extensive Distribution and Service Network
As of March 31, 2026, Atomberg boasted a robust network comprising approximately 626 distributors and direct dealers, reaching 46,932 retail touchpoints across 1,600 cities and towns nationwide. Its service network extends to over 18,000 pin codes. Notably, Tier-II cities contributed 49.57 per cent of offline consumer appliance revenue in FY26, highlighting the company's strong penetration beyond metropolitan areas.
Financial Performance and R&D Investment
For the fiscal year 2026, Atomberg Technologies reported revenue from operations reaching Rs 1,293.77 crore, with an Adjusted EBITDA of Rs 37.12 crore. Online revenue contributed Rs 456.45 crore during the same period.
The company emphasizes innovation, investing Rs 86.79 crore in research and development in FY26, representing 6.71 per cent of its revenue from operations. Its R&D team comprised 254 engineers, making up 25.32 per cent of its permanent workforce. Atomberg also noted the lowest product failure rate for its next-generation BLDC ceiling fan portfolio among scaled consumer appliance companies in India.
Manufacturing Facilities
Atomberg operates two leased facilities in Pune. The Chakan facility is responsible for manufacturing fans, mixer grinders, cold-pressed juicers, and smart locks. The Chakan-Varale facility focuses on producing motors, electronic assemblies, and related components for OEM clients.
Book-Running Lead Managers
The book-running lead managers for the IPO issue are ICICI Securities, Avendus Capital, and IIFL Capital Services (formerly IIFL Securities).