Atomberg gets Sebi nod for IPO

BENGALURU: Consumer appliances maker Atomberg Technologies has received clearance from market regulator Sebi for an IPO that includes a fresh share issue of up to Rs 450 crore.Existing shareholders will also sell about 7.6 crore shares through the offer. Proceeds from this portion will go to the selling shareholders, while the fresh issue will bring funds into the company.Atomberg plans to use Rs 150 crore of the fresh proceeds for advertising and marketing, Rs 100 crore for research and development, and Rs 90 crore to repay borrowings. The balance will be used for general corporate purposes.Founded by Manoj Meena in 2012, with Sibabrata Das joining as co-founder the following year, Atomberg makes ceiling fans, mixer grinders, water purifiers and cold-pressed juicers. Its subsidiary also supplies motors, controllers and other components to appliance makers such as Voltas, Godrej and Blue Star.Citing a Redseer report, the company said it held about 46% of India’s premium fan market by sales value in FY26. The segment covers fans with an average selling price above Rs 3,500.Atomberg spent Rs 86.8 crore on research and development in FY26, equivalent to 6.7% of its revenue from operations. Its research team comprised 254 engineers, about a quarter of its permanent workforce, as of March 31.The company operates two leased manufacturing facilities in Pune. Its distribution network covered about 46,900 retail touchpoints across roughly 1,600 cities and towns at the end of March. Smaller cities accounted for nearly half its offline consumer appliance revenue in FY26.You use AI every day. Now get your AI Quotient. Take the AIQ test.