Atomberg Gets Board Nod To Raise Over ₹450 Cr Via IPO
D2C consumer appliance startup Atomberg’s board passed a special resolution to raise up to ₹450 Cr via an initial public…
Atomberg's board has approved raising over ₹450 Cr through an IPO, as discussed during an extraordinary general meeting on August 12. The proposed public offering will involve both issuing new shares and selling existing shares by current shareholders, contingent on market conditions and regulatory approvals from SEBI. Additionally, the board approved a pre-IPO placement of up to ₹90 Cr.
The startup, founded in 2012 by IIT Bombay alumni Manoj Meena and Sibabrata Das, began as a B2B seller of energy-efficient BLDC fans and later expanded into consumer products. Atomberg has raised approximately $126.5 Mn from various investors since its inception and has not yet disclosed its FY26 financial results.
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