Atomberg Gets SEBI Nod for IPO With Rs 450 Crore Fresh Issue
The fan maker's IPO combines a fresh issue of up to Rs 450 crore with an offer for sale of up to 7.65 crore shares.
Key Takeaways
- SEBI has cleared Atomberg's proposed IPO, reports said on 30 October 2026.
- The fresh issue is worth up to Rs 450 crore.
- Existing shareholders will sell up to 7.65 crore shares in the offer for sale.
- Rs 90 crore of the fresh issue is meant for repaying borrowings, per the DRHP.
- The price band and timeline have not been announced.
Atomberg Technologies has received the go-ahead from SEBI for its proposed initial public offering (IPO), according to reports on 30 October 2026. The consumer appliances maker filed its draft red herring prospectus (DRHP) about two months earlier.
The IPO has two parts: a fresh issue of equity shares worth up to Rs 450 crore, and an offer for sale (OFS) of up to 7.65 crore equity shares by existing shareholders. The company has not yet announced a price band or a timeline for the issue.
Atomberg IPO at a glance
| Detail | Atomberg |
|---|---|
| Approval | SEBI nod for the proposed IPO |
| Fresh issue | Up to Rs 450 crore |
| Offer for sale | Up to 7.65 crore equity shares |
| Book-running lead managers | ICICI Securities, Avendus Capital and IIFL Capital Services |
| Price band and timeline | Not yet announced |
Who is selling shares in the Atomberg offer for sale
According to the DRHP, the shareholders selling in the OFS include A91 Partners, Temasek-backed V-Sciences Investments, Jungle Ventures, Inflexor, Steadview Capital Mauritius and Survam Partners LLP.
What Atomberg makes and who it supplies
Atomberg started with energy-efficient ceiling fans and now also makes mixer grinders, water purifiers and cold-pressed juicers. Manoj Meena founded the company in 2012.
Through a subsidiary, the company makes motors and controllers for enterprise customers such as Voltas and Godrej. For FY26, its revenue from operations was Rs 1,293.77 crore, up 34.8% from Rs 959.51 crore in FY25.
Atomberg's path from 2012 to the SEBI nod
| When | Milestone |
|---|---|
| 2012 | Manoj Meena founds Atomberg |
| August 2026 | Atomberg files its DRHP with SEBI |
| 30 October 2026 | SEBI nod for the IPO is reported |
What Atomberg's DRHP says it will do with the fresh issue money
The DRHP says the company intends to use Rs 90 crore of the fresh issue proceeds to repay or prepay certain borrowings, Rs 150 crore for brand awareness and performance marketing, and Rs 100 crore for research and development. The balance is meant for general corporate purposes.
Where Atomberg stands after the SEBI nod
With the regulator's nod in hand, Atomberg's IPO plan covers a fresh issue of up to Rs 450 crore and an OFS of up to 7.65 crore shares. The company sells ceiling fans, mixer grinders, water purifiers and juicers, and supplies motors and controllers to Voltas and Godrej. It has not yet announced the price band or the timeline for the issue.
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