Atomberg Files DRHP With SEBI For ₹450 Cr+ IPO
D2C consumer appliance startup Atomberg has filed its DRHP with market regulator SEBI for an IPO. As per the draft…
D2C consumer appliance startup Atomberg has submitted its draft registration with SEBI to proceed with an IPO. The draft prospectus outlines a fresh share issue of up to ₹450 crore and an offer for sale of up to 7.6 crore additional shares. Notable investors in the OFS include A91 partners, Temasek Holdings, Inflexor Ventures, and Steadview Capital.
Additionally, Atomberg is exploring a pre-IPO placement of up to ₹90 crore. The funds raised from the IPO will be earmarked for debt repayment, marketing, and research and development, with the remaining net proceeds directed towards general corporate expenses. This decision follows a special resolution passed by Atomberg's board at an extraordinary general meeting held on August 12, authorizing the IPO to raise up to ₹450 crore.
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