Atomberg Receives SEBI Approval for IPO
Atomberg gets SEBI nod for IPO with a INR 450 crore (USD 47.4 Mn) fresh issue and an offer for sale of 7.65 crore shares.
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Atomberg Technologies Limited has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
The IPO comprises a fresh issue of equity shares of INR 10 face value aggregating up to INR 450 crore (USD 47.4 million) and an offer for sale (OFS) of 76,542,051 equity shares.
Atomberg plans to use the net proceeds as follows:
- INR 90 crore (USD 9.5 million): repayment or prepayment of certain borrowings
- INR 150 crore (USD 15.8 million): brand awareness and performance marketing
- INR 100 crore (USD 10.5 million): research and development
The balance will go toward general corporate purposes. ICICI Securities, Avendus Capital and IIFL Capital Services are the bankers to the issue.
As of March 31, 2026, Atomberg’s general trade network included about 626 distributors and direct dealers and 46,932 retail touchpoints across about 1,600 cities and towns. Its service network covers over 18,000 pin codes.
Atomberg has 254 R&D engineers, 25.32% of its permanent workforce. Its FY2026 R&D spend was INR 86.79 crore (USD 9.1 million), or 6.71% of revenue from operations.
Atomberg Technologies Limited has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
The IPO comprises a fresh issue of equity shares of INR 10 face value aggregating up to INR 450 crore (USD 47.4 million) and an offer for sale (OFS) of 76,542,051 equity shares.
Atomberg plans to use the net proceeds as follows:
- INR 90 crore (USD 9.5 million): repayment or prepayment of certain borrowings
- INR 150 crore (USD 15.8 million): brand awareness and performance marketing
- INR 100 crore (USD 10.5 million): research and development
The balance will go toward general corporate purposes. ICICI Securities, Avendus Capital and IIFL Capital Services are the bankers to the issue.
As of March 31, 2026, Atomberg’s general trade network included about 626 distributors and direct dealers and 46,932 retail touchpoints across about 1,600 cities and towns. Its service network covers over 18,000 pin codes.
Atomberg has 254 R&D engineers, 25.32% of its permanent workforce. Its FY2026 R&D spend was INR 86.79 crore (USD 9.1 million), or 6.71% of revenue from operations.
