Atomberg Technologies IPO
Atomberg Technologies IPO — date, issue size, SEBI status & DRHP details 2026
Atomberg Technologies filed its draft red herring prospectus (DRHP) with SEBI on 27 Aug 2026 for an IPO of a fresh issue of up to ₹450 crore and an offer for sale of up to 7,65,41,851 shares. SEBI has sought clarifications and is waiting for the lead manager's reply. The price band, lot size and IPO dates are not announced yet.
Atomberg Technologies sells BLDC ceiling fans, mixer grinders and smart locks under the Atomberg brand, and makes motors for OEMs through a subsidiary. Revenue from operations grew from Rs 796.98 crore in FY2024 to Rs 1,293.77 crore in FY2026, but the company has made a loss in each of the three years.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the DRHP filed with SEBI
Where the Atomberg Technologies IPO stands
From draft to listing. Today is 7 October 2026.
- DRHP filed 27 Aug 2026
- SEBI observations TBA
- RHP & price band TBA
- Bidding TBA
- Listing TBA
| DRHP filed with SEBI | 27 Aug 2026 |
|---|---|
| SEBI status | SEBI queries pending · 11 Sep 2026 |
| Last SEBI communication | 11 Sep 2026 |
| Coordinating lead manager | ICICI Securities Limited |
| RHP, price band & dates | Not announced |
Atomberg Technologies IPO details
The offer as the DRHP describes it. Terms can change in the RHP.
| Issue type | Fresh issue and offer for sale |
|---|---|
| Fresh issue | Up to ₹450 Cr |
| Offer for sale | Up to 7,65,41,851 shares |
| Total issue size | Depends on the price band |
| Pre-IPO placement | Up to ₹90 Cr (reduces the fresh issue) |
| Face value | ₹10 per share |
| Proposed listing | BSE, NSE |
| Price band | Not announced (comes with the RHP) |
| Lot size | Not announced |
| IPO dates | Not announced |
| Book running lead managers | ICICI Securities Limited, Avendus Capital Private Limited, IIFL Capital Services Limited |
| Registrar | MUFG Intime India Private Limited |
Who is selling in the offer for sale
| Selling shareholder | Type | Offering | Avg. cost / share |
|---|---|---|---|
| A91 Emerging Fund I LLP | Investor | Up to 3,76,99,277 shares | Rs 9.02 |
| V-Sciences Investments Pte. Ltd. | Investor | Up to 1,22,49,902 shares | Rs 59.68 |
| JV4 (Jungle Ventures IV VCC) | Investor | Up to 99,46,394 shares | Rs 37.85 |
| Inflexor Opportunities Fund 1 | Investor | Up to 49,40,000 shares | Rs 44.31 |
| Steadview Capital Mauritius Limited | Investor | Up to 45,38,058 shares | Rs 60.60 |
| Inflexor Technology Fund | Investor | Up to 38,50,000 shares | Rs 36.86 |
| Survam Partners LLP | Investor | Up to 33,18,220 shares | Rs 6.64 |
The weighted average cost of acquisition of the selling investors ranges from Rs 6.64 to Rs 60.60 per share, while the promoters' cost is Rs 2.74 (Manoj Kumar Meena) and Rs 4.76 (Sibabrata Das).
Strengths & risks
The case for and against, from the DRHP's own numbers and risk factors.
Strengths · 7
- 01Revenue from operations grew 34.84% in FY2026 to Rs 1,293.77 crore, after 20.39% growth in FY2025.
- 02Product margin stayed in a narrow band of 42.97% to 44.22% across FY2024 to FY2026.
- 03The loss is narrowing at the operating level: adjusted EBITDA was Rs -37.12 crore in FY2026 against Rs -152.07 crore in FY2024.
- 04Kitchen Appliances grew from Rs 5.39 crore in FY2024 to Rs 124.04 crore in FY2026, which is a second product line beyond fans.
- 05The sales network has 626 distributors and direct dealers and 46,932 retail touchpoints in about 1,600 cities and towns, with sales in all states.
- 06R&D spend rose from Rs 39.59 crore in FY2024 to Rs 86.79 crore in FY2026, and the company makes its own motors and controllers through AIPL.
- 07Home Appliances made a segment profit of Rs 135.30 crore in FY2026, a margin of 11.68%.
Risks · 10
- 01The company made a loss after tax of Rs 148.88 crore in FY2026, Rs 117.41 crore in FY2025 and Rs 199.08 crore in FY2024.
- 02Operating cash flow was Rs -218.98 crore in FY2026 and Rs -78.20 crore in FY2024. It was positive only in FY2025, at Rs 12.53 crore.
- 03Home Appliances gave 89.08% of FY2026 revenue from operations, so the company depends heavily on fans.
- 04Two e-commerce customers gave Rs 341.12 crore, or 26.37% of FY2026 revenue, up from 15.95% in FY2025.
- 05Kitchen Appliances had a segment loss of Rs 43.28 crore in FY2026, and Proprietary Components lost Rs 37.38 crore.
- 06Total borrowings rose from Rs 159.60 crore in FY2024 to Rs 257.53 crore in FY2026, and the company has breached financial covenants in the past, which lenders waived.
- 07Auditors made adverse remarks on cash losses in all three years. In FY2024 they also noted an employee fraud involving Rs 2.01 crore of vendor payments.
- 08All manufacturing and R&D are in and around Pune, so one disruption could hit the whole business.
- 09The offer includes up to 7,65,41,851 shares for sale by investors, and the company gets no money from them. Net worth was Rs 222.04 crore at 31 March 2026.
- 10General corporate purposes are unspecified in the fresh issue and can go up to 25% of gross proceeds.
Atomberg Technologies financials
Restated figures in ₹ crore, as reported in the DRHP.
| ₹ crore | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 1293.77 | 959.51 | 796.98 |
| EBITDA | -33.00 | -20.79 | -132.33 |
| Profit After Tax | -148.88 | -117.41 | -199.08 |
| Net Worth | 222.04 | 107.91 | 201.44 |
| Total Borrowing | 257.53 | 176.31 | 159.60 |
Key ratios (FY26)
P/E and market capitalisation need the price band and are added when the RHP is out.
Where the IPO money goes
₹340 crore of the fresh issue is earmarked to named objects; offer for sale proceeds go to the selling shareholders, not the company.
About Atomberg Technologies
The business has three reportable segments. Home Appliances covers ceiling fans, table, pedestal and wall fans, exhaust fans and smart locks. It gave Rs 1,152.53 crore, or 89.08% of FY2026 revenue from operations. Kitchen Appliances covers mixer grinders, water purifiers and cold-pressed juicers, and gave Rs 124.04 crore in FY2026 against Rs 5.39 crore in FY2024. Proprietary Components is run through AIPL and gave Rs 17.20 crore in FY2026. Its customers include Voltas, Godrej and BlueStar, with current uses in air conditioners and refrigerators.
Consumer products reach buyers through distributors, direct dealers, retail stores, e-commerce marketplaces, quick-commerce platforms and the company's own website. As of 31 March 2026, the general trade network had 626 distributors and direct dealers and 46,932 retail touchpoints across about 1,600 cities and towns. India gave 99.84% of FY2026 revenue from operations. Exports were Rs 2.08 crore.
The company makes its consumer appliances at Chakan, Pune, and its components at Chakan-Varale, Pune. Both facilities are on leasehold land. R&D expense was Rs 86.79 crore in FY2026, or 6.71% of revenue. The promoters are Manoj Kumar Meena, who is Managing Director and Chairman, and Sibabrata Das, who is Chief Executive Officer. Both studied at IIT Bombay.
The industry
As per the Redseer report quoted in the document, India's consumer appliances market was about Rs 2,232 billion (about US$25.7 billion) in FY2026. Next-generation appliances made up about 57% of it. This segment is projected to reach Rs 2,614-3,137 billion by FY2031P, growing at a CAGR of 15-20% from FY2026, against 6-8% for traditional appliances. In fans, BLDC penetration is expected to rise from about 17% in FY2021 to 38-41% by FY2030P.
Customer concentration: Two e-commerce customers gave Rs 341.12 crore, or 26.37% of FY2026 revenue from operations (15.95% in FY2025 and 16.79% in FY2024).
Promoters & management
The two promoters hold 27.75% before the issue, with Manoj Kumar Meena at 17.73% and Sibabrata Das at 10.02%, while A91 Emerging Fund I LLP holds 21.02%.
| Name | Role |
|---|---|
| Manoj Kumar Meena | Managing Director and Chairman |
| Sibabrata Das | Executive Director and Chief Executive Officer |
| Manish Kumar Bansal | Chief Financial Officer |
| Priti Baria | Lead-Legal, Company Secretary and Compliance Officer |
The bankers & the filings
Who is running the issue, and the SEBI documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
24 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Avendus Capital
5 issues handledBest listing: ICICI Prudential AMC (+20.1%). Weakest: Symbiotec Pharmalab (0.0%).
IIFL Capital Services Limited
31 issues handledBest listing: Orient Cables (India) (+65.4%). Weakest: Acevector (-11.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Atomberg Technologies IPO: frequently asked
When will the Atomberg Technologies IPO open?
The Atomberg Technologies IPO dates are not announced yet. SEBI has sought clarifications and is waiting for the lead manager's reply. The company announces the dates and price band after it files its red herring prospectus (RHP) with the Registrar of Companies, usually a week or two before bidding opens. This page switches to the full IPO page with dates, price band and lot size as soon as that happens.
What is the Atomberg Technologies IPO price band?
The price band is not announced yet. It is set by the company and its lead managers and published with the RHP, a few days before the issue opens. The DRHP fixes only the face value of ₹10 per share.
How big is the Atomberg Technologies IPO?
Atomberg Technologies filed its draft red herring prospectus (DRHP) with SEBI on 27 Aug 2026 for an IPO of a fresh issue of up to ₹450 crore and an offer for sale of up to 7,65,41,851 shares. The final size in rupees depends on the price band.
Has SEBI approved the Atomberg Technologies IPO?
SEBI has sought clarifications and is waiting for the lead manager's reply. SEBI observations are valid for 12 months; the IPO has to open within that window or the company must file again.
What is the Atomberg Technologies IPO GMP?
There is no grey market premium to report before the price band is announced. IPO Guru starts tracking the Atomberg Technologies IPO GMP once the RHP and price band are out.
What will Atomberg Technologies do with the IPO money?
As per the DRHP: Repay or prepay part of the borrowings (₹90 crore); Brand awareness and performance marketing (₹150 crore); Investment in research and development (₹100 crore); General corporate purposes.
Who are the lead managers of the Atomberg Technologies IPO?
The book running lead managers are ICICI Securities Limited, Avendus Capital Private Limited, IIFL Capital Services Limited. MUFG Intime India Private Limited is the registrar.
Is Atomberg profitable?
No. Atomberg made a loss after tax of Rs 148.88 crore in FY2026, Rs 117.41 crore in FY2025 and Rs 199.08 crore in FY2024. Its adjusted EBITDA loss narrowed from Rs 152.07 crore in FY2024 to Rs 37.12 crore in FY2026.
Who owns Atomberg?
Before the issue, promoters Manoj Kumar Meena and Sibabrata Das hold 27.75%. A91 Emerging Fund I LLP holds 21.02%, V-Sciences Investments 11.80% and JV4 10.03%.
What does Atomberg sell?
It sells BLDC ceiling fans, other fans, smart locks, mixer grinders and water purifiers. Home Appliances gave 89.08% of FY2026 revenue from operations.
Other companies in the IPO pipeline
Mainboard companies with drafts filed with SEBI, same bankers first.
Know the day the price band is out.
We track every mainboard draft from SEBI filing to listing. When Atomberg Technologies files its RHP, this page becomes the full IPO page with dates, price band, lot size, GMP and subscription.
Not investment advice. Figures are from the company's draft offer document filed with SEBI and may change in the RHP.
