Atomberg Becomes Public Company Ahead of Proposed ₹2,000 Crore IPO

Consumer appliances startup Atomberg has officially converted into a public limited company, marking a key milestone as it prepares for its proposed initial public offering (IPO). The move comes ahead of the company’s expected filing of its DRHP with the Securities and Exchange Board of India (SEBI).

The company’s shareholders have approved a special resolution to change its legal name from Atomberg Technologies Private Limited to Atomberg Technologies Limited, a standard regulatory step for companies planning to access the public markets.

According to multiple reports, Atomberg is targeting an IPO of ₹1,500–2,000 crore, comprising a mix of fresh equity issuance and an Offer for Sale (OFS) by existing shareholders. The company has reportedly appointed Axis Capital, ICICI Securities, and JM Financial as merchant bankers for the proposed issue. Subject to regulatory approvals, the proceeds from the fresh issue are expected to support capital expenditure, business expansion, brand building, product innovation, and other corporate purposes.

Founded in 2012 by Manoj Meena and Sibabrata Das, both alumni of IIT Bombay, Atomberg began its journey by introducing BLDC (Brushless Direct Current) ceiling fans, which consume significantly less electricity than conventional induction motor fans. The company has since expanded into a broader portfolio of consumer appliances, including mixer grinders, water purifiers, kitchen appliances, and smart home products, while ceiling fans continue to account for a significant share of its business.

The company has also strengthened its manufacturing and technology capabilities through its subsidiary, Atomberg Innovation Private Limited, which develops proprietary motors, electronic controllers, and embedded technologies used across its product portfolio. Its focus on energy-efficient and IoT-enabled appliances has helped differentiate the brand in India’s competitive consumer durables market.

Backed by investors including Temasek, Jungle Ventures, Steadview Capital, Trifecta Capital, and Inflexor Ventures, Atomberg has raised approximately $126.5 million in funding since its inception.

For FY25, the company reported operating revenue of ₹958.4 crore, representing more than 20% year-on-year growth, while reducing its net loss by 41% to ₹117 crore, reflecting improving operating performance ahead of its planned public market debut.