A91 Partners set to cash out ₹445 crore from Atomberg ahead of IPO
The fund, which first backed Atomberg in 2019, has put about ₹143 crore into the company across primary and secondary transactions
A91 Partners is poised to cash out ₹445 crore from Atomberg Technologies as the firm prepares for its initial public offering (IPO), according to the company's draft red herring prospectus (DRHP). The investment firm, which initially backed Atomberg in 2019, has allocated around ₹143 crore across primary and secondary transactions.
A91's share sales have generated considerable liquidity ahead of Atomberg's IPO. Even after these transactions, A91 remains the largest shareholder in Atomberg, holding 21.02 percent of the company's shares. Atomberg, originally focused on energy-efficient BLDC fans, has since expanded its product offerings to include a variety of consumer appliances such as kitchen and home products, and operates a proprietary components business.
Despite Atomberg's revenue growth of 34.8 percent in FY26 to ₹1,293.77 crore, the company has reported a loss. Atomberg intends to use a portion of the ₹450 crore raised from its IPO to pay off debt, improve branding, and fund research and development to grow its product range and distribution network.
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