Atomberg Technologies IPO
Atomberg Technologies Limited has filed a draft red herring prospectus (DRHP) with SEBI for a mainboard IPO, a fresh issue and offer for sale. SEBI issued its observations on 30 October 2026, so the company can open the IPO any time up to 30 October 2027. The draft proposes a fresh issue of up to ₹450 crore and an offer for sale of up to 7,65,41,851 shares by seven investors, led by A91 Emerging Fund I. In FY26 the company made a loss of ₹148.88 crore on revenue of ₹1,293.77 crore. The price band, lot size and IPO dates are not announced yet.
- Status
- SEBI observations issued30 Oct 2026
- SEBI received draft
- 24 Aug 2026
- Type of issue
- Fresh issue and offer for sale
- Lead manager
- ICICI Securities Limited
- Must open by
- 30 Oct 202712 months from observations
- Price band and dates
- Not announced
Where it stands
Atomberg Technologies IPO: where it stands
SEBI processing status, 30 Oct 2026- Draft filed with SEBI24 Aug 2026
- SEBI reviewDone
- SEBI observations30 Oct 2026
- RHP and price bandNot yet
- Bidding and listingNot yet
SEBI has issued its final observations, which in practice is the go-ahead. The company can now file a red herring prospectus and open the IPO within 12 months.
DRHP at a glance
Atomberg Technologies DRHP at a glance
Draft red herring prospectus, 20 Aug 2026What the company's draft offer document says. Figures can change in the red herring prospectus, and nothing here is a review or a recommendation.
The business
DRHP, Our Business (p. 228 to 229)Atomberg Technologies designs and sells energy-efficient home appliances, led by BLDC ceiling fans, and has added kitchen appliances such as food preparation devices and water purifiers. It also makes its own motors and components. Online channels gave 35.76% of its consumer appliance revenue in FY26.
Its plants are at Chakan near Pune, Maharashtra: a 2,83,000 sq ft appliance plant and a 1,59,000 sq ft components plant. As of 31 March 2026 it sold through 626 distributors and direct dealers and 46,932 retail points, with service across 18,000 pin codes. It was incorporated in 2012 and is based in Mumbai.
The offer
DRHP cover page and The Offer (p. 74)| Fresh issue | Up to ₹450 croreMoney goes to the company |
| Offer for sale | Up to 7,65,41,851 sharesA91 Emerging Fund I 3,76,99,277; V-Sciences 1,22,49,902; Jungle Ventures 99,46,394; Inflexor funds 87,90,000; Steadview 45,38,058; Survam Partners 33,18,220. Average costs ₹6.64 to ₹60.60 a share |
| Shares before the IPO | 51,62,22,202Assuming all preference shares convert (1,50,62,249 today). The offer for sale is about 14.8% of them (ours) |
| Pre-IPO placement | Up to ₹90 croreOptional; would reduce the fresh issue |
| Listing | BSE and NSEMainboard, under Regulation 6(2), as it does not meet Regulation 6(1)(a) and 6(1)(b) |
| Lead managers | ICICI Securities Limited, Avendus Capital Private Limited and IIFL Capital Services Limited |
| Registrar | MUFG Intime India Private Limited |
| Promoters | Manoj Kumar Meena and Sibabrata Das |
What the company plans to do with the money
DRHP, Objects of the Offer (p. 146 to 147)| Object | ₹ crore | Share of fresh issue |
|---|---|---|
| Repaying or prepaying certain borrowings | 90.00 | 20.0% |
| Brand awareness and performance marketing | 150.00 | 33.3% |
| Research and development | 100.00 | 22.2% |
| General corporate purposes (set later, up to 25% of the fresh issue) |
Each object's share of the ₹450 crore fresh issue, shown in the table, is our calculation. Offer expenses are deducted before these amounts. The offer for sale money goes to the selling investors, not the company.
Financials
DRHP, Summary Financial Information (p. 77 to 80) and Basis for Offer Price, KPIs (p. 158 to 160), ₹ crore| ₹ crore | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue from operations | 796.98 | 959.51 | 1,293.77 |
| Adjusted EBITDA | -152.07 | -51.35 | -37.12 |
| Adjusted EBITDA margin | -19.08% | -5.35% | -2.87% |
| Profit after tax | -199.08 | -117.41 | -148.88 |
| Diluted EPS (₹) | -11,081.18 | -5,723.13 | -6,756.84 |
| Net worth | 201.37 | 94.71 | 186.15 |
| Cash from operations | -78.20 | 12.53 | -218.98 |
| Return on average equity | -98.83% | -108.80% | -67.05% |
| Product margin | 43.78% | 44.22% | 42.97% |
| Net working capital (days) | 75.59 | 36.43 | 75.51 |
Restated consolidated figures. It made a loss in all three years. FY26 includes a ₹12.91 crore exceptional charge (our calculation from p. 79). Net worth is total equity. Revenue grew 27.41% a year from FY24 to FY26 (DRHP, p. 229).
Risks the draft lists first
DRHP, Risk Factors (p. 26 to 30)- Home appliancesRevenue depends mostly on home appliances such as fans, so a fall in demand would hurt. (Risk factor 1, p. 26)
- Kitchen appliancesIts newer kitchen products may not win enough buyers. (Risk factor 3, p. 27)
- Pune facilitiesManufacturing and R&D are all in and around Pune, so a disruption there would hurt. (Risk factor 4, p. 28)
- SuppliersIt relies on outside suppliers for key components and subassemblies. (Risk factor 5, p. 28)
- LossesIt has made losses in each of the last three years and had negative cash flows in some periods. (Risk factor 6, p. 29)
- Loan covenantsIt has breached loan covenants in the past; lenders waived them. (Risk factor 7, p. 30)
Documents
Atomberg Technologies DRHP and documents
SEBI filingsThe DRHP has the issue size, use of the money, financials, promoters and risk factors. It can change before the final red herring prospectus.
Questions
Atomberg Technologies IPO FAQs
When will the Atomberg Technologies IPO open?
The date is not announced. SEBI issued observations on 30 October 2026, and SEBI rules require the IPO to open within 12 months of that date, so by 30 October 2027 (our calculation). The company announces the dates in its red herring prospectus and price band notice.
Has SEBI approved the Atomberg Technologies IPO?
Yes. SEBI issued its final observations on 30 October 2026 (SEBI weekly processing status). SEBI does not "approve" an IPO as such; its observations let the company go ahead.
What is the Atomberg Technologies IPO price band and lot size?
Not announced. The price band is published at least two working days before the IPO opens, and the lot size is set with it. We add both here the day they are filed.
What is the Atomberg Technologies IPO GMP?
We do not publish a GMP. Grey market premium is unofficial: it is not regulated by SEBI and not published by any exchange. Before the price band is announced there is no issue price to compare it with.
Who is the lead manager of the Atomberg Technologies IPO?
ICICI Securities Limited is the coordinating book running lead manager named in SEBI's processing status report. The DRHP lists all the lead managers and the registrar.
What will Atomberg Technologies do with the IPO money?
According to the DRHP, the fresh issue money goes to repaying or prepaying certain borrowings (₹90.00 crore), brand awareness and performance marketing (₹150.00 crore), research and development (₹100.00 crore), and the rest to general corporate purposes. The offer for sale money goes to the selling shareholders, not the company.
What does Atomberg Technologies do?
Atomberg Technologies designs and sells energy-efficient home appliances, led by BLDC ceiling fans, and has added kitchen appliances such as food preparation devices and water purifiers. It also makes its own motors and components. Online channels gave 35.76% of its consumer appliance revenue in FY26.
Where can I read the Atomberg Technologies DRHP?
On SEBI's website, where the draft red herring prospectus was published on 27 August 2026. The draft is dated 20 August 2026 and runs to 505 pages. It has the issue size, use of the money, financials and risk factors.
Sources: SEBI processing status of draft offer documents as on 30 October 2026, SEBI's yearly processing status archive and SEBI's list of draft offer documents, and the company's DRHP dated 20 August 2026. Day counts and the last date to open are our calculations. This page is information only, not a recommendation.