Appliance maker Atomberg Technologies files for IPO
The IPO would comprise a fresh issue of shares worth up to ₹450 crore and an offer-for-sale of up to 76.5 million shares
Indian appliance manufacturer Atomberg Technologies has initiated the process of going public by filing for an initial public offering (IPO). The draft filing indicates that the company seeks to raise up to ₹450 crore ($47.02 million) through a fresh share issuance, accompanied by an offer for sale of up to 76.5 million shares from existing shareholders, including A91 Emerging Fund I LLP, V-Sciences Investments, Jungle Ventures IV and Inflexor Opportunities Fund 1.
The Indian consumer appliances market is projected to reach $4.69 billion by fiscal 2026, driven by rising incomes, urbanization, and premiumization preferences for energy-efficient products such as fans, water purifiers, and motorized kitchen appliances. Atomberg specializes in a range of consumer appliances, including fans, smart locks, water purifiers, and cold-pressed juicers, as well as supplying motor and electronics components to enterprise clients like Voltas, Godrej, and Blue Star.
The company aims to utilize ₹340 crore from its IPO funds to service debt, augment brand presence, and bolster research and development initiatives. Atomberg's fiscal 2026 revenue from operations surged to ₹1,294 crore from ₹797 crore in the previous fiscal year, underscoring its expanding market footprint. As of March 31, 2026, the company operates through 626 distributors and direct dealers, servicing nearly 47,000 retail touchpoints and a service network encompassing over 18,000 postal codes nationwide.
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