Consumer appliance startup Atomberg has filed its draft red herring prospectus (DRHP) with market regulator SEBI, formally setting the stage for its initial public offering.
As per the draft papers, the proposed IPO will include a fresh issue of equity shares worth up to ₹450 crore, along with an offer for sale of up to 7.65 crore shares by existing investors. The company is also considering a pre-IPO placement of up to ₹90 crore, which could reduce the size of the fresh issue if completed before the public offering.
The offer for sale will see several existing backers partially pare their holdings. A91 Partners is set to offload the largest portion, while Temasek-backed V-Sciences Investments, Jungle Ventures, Inflexor Ventures, Steadview Capital and Survam Partners are also expected to participate in the sale. The filing marks a major milestone for Atomberg as it prepares to move from being a venture-backed consumer brand to a publicly listed company.
Founded by Manoj Meena in 2012, with Sibabrata Das joining as cofounder in 2013, Atomberg started out by building energy-efficient smart ceiling fans and has since expanded into a broader consumer appliances portfolio. Today, its product lineup includes mixer grinders, water purifiers, juicers and smart locks. The company’s subsidiary, Atomberg Innovations, also supplies motors and controllers to brands such as Voltas, Godrej and Blue Star.
According to the draft papers, the company plans to use ₹90 crore from the fresh issue towards repayment or prepayment of certain borrowings, ₹150 crore for brand awareness and performance marketing, and ₹100 crore for research and development. The remaining proceeds will go towards general corporate purposes. The allocation gives a clear picture of Atomberg’s next phase: strengthening its balance sheet while continuing to invest in brand-building and product development.
On the financial front, Atomberg reported revenue from operations of ₹1,293.77 crore in FY26, up 34.8% from ₹959.51 crore in FY25. At the same time, adjusted EBITDA declined to ₹37.12 crore from ₹51.35 crore a year earlier, while the company reported a restated loss of ₹148.88 crore in FY26. Even so, the company has built a notable presence in the premium fan category, where it held a 46.08% market share by cumulative sales value in FY26, according to the Redseer report cited in the DRHP.
The company’s scale on the distribution side has also expanded significantly. As of March 2026, Atomberg had around 626 distributors and direct dealers and 46,932 retail touchpoints across nearly 1,600 cities and towns in India.
For Atomberg, the IPO is not just a capital-raising event. It signals the growing maturity of a new generation of Indian consumer hardware and appliance startups — brands that are no longer just competing on product innovation, but are now preparing to prove themselves on the public markets as well.
Filed by
Startup Unplugged
