Atomberg Technologies IPO

SEBI has granted approval to Atomberg Technologies Ltd. for its proposed Initial Public Offering (IPO) on October 30, 2026. With the regulatory clearance in place, the company can move ahead with preparations for the public issue, depending on market conditions and the receipt of other required approvals. The SEBI approval will remain valid for 12 months.

The proposed IPO will follow the book-building route and include a fresh issue of shares worth ₹450 crore, along with an Offer for Sale (OFS) of up to 7.65 crore equity shares. While the fresh issue will bring funds into the company, the OFS will allow existing shareholders to sell part of their holdings.

Following the IPO, Atomberg Technologies plans to list its equity shares on both the NSE and BSE. ICICI Securities Ltd. has been appointed as the book-running lead manager, while MUFG Intime India Pvt. Ltd. will handle the issue's registrar-related activities.

Details such as the IPO opening and closing dates, price band, and lot size have not yet been disclosed.

Atomberg Technologies IPO Important Dates

Yet to be announced.

Atomberg Technologies IPO Subscription Status

About Atomberg Technologies

Atomberg Technologies Ltd. is an R&D-driven consumer appliances company founded in 2012. One of its key strengths is its in-house BLDC motor technology, which helps it develop energy-efficient and technologically advanced products.

The company spent ₹867.89 million (₹86.79 crore) on R&D in FY26, accounting for 6.71% of its revenue. According to the Redseer Report, this was the highest R&D spending among listed scaled consumer appliance companies in India, compared with a peer average of less than 1%.

Atomberg also has a strong position in the premium fans market. It held a 46.08% market share by sales value in India's premium fans segment (fans priced above ₹3,498) in FY26, making it the leading player among scaled consumer appliance companies.

The company focuses on developing appliances that offer better energy efficiency, smart features, and improved product design. Its investment in proprietary technology and product innovation helps it stand out in a market traditionally driven by price-based competition.

Atomberg Technologies IPO Objectives

1. The company plans to utilise ₹90 crore to repay or prepay some of its existing working capital borrowings. As of July 15, 2026, its consolidated outstanding borrowings stood at ₹274.57 crore, including non-fund-based borrowings of ₹21.25 crore. This repayment is expected to reduce its debt obligations.
2. Atomberg proposes to spend ₹150 crore on advertising, brand-building, and performance marketing activities. The investment will help strengthen brand recognition, reach new customer groups, expand into newer geographical markets, and support sales growth.
3. The company plans to allocate ₹100 crore towards future R&D expenditure. The funds will support product development and innovation by leveraging its existing technology platform, engineering team, and R&D infrastructure.
4. The remaining proceeds will be used for general corporate requirements, subject to applicable regulations.

Industry Outlook

• The company operates in the next-generation consumer appliances market.
• India's next-generation consumer appliances market is estimated at ₹2,232 billion in FY26, accounting for approximately 57% of the overall consumer appliances market. It is projected to reach ₹2,614–3,137 billion by FY31, growing at a CAGR of 15–20%, compared with 6–8% for traditional appliances.
• Next-generation appliances are expected to contribute 67–69% of the total consumer appliances market by FY31, indicating a gradual shift towards technology-led products.
• Demand is expanding across Tier 2 and smaller cities, supported by rising household incomes, better residential infrastructure, and wider digital access.
• Consumers are increasingly prioritising energy efficiency, convenience, functionality, and user experience. Shorter replacement cycles, particularly among Gen Z and young urban professionals, are also supporting demand.
• India's adoption of next-generation appliances remains lower than that of global markets in several categories. Fans, mixer grinders, water purifiers, and chimneys, in particular, offer room for greater technology penetration as awareness and affordability improve.
• Voltage fluctuations, varying water TDS levels, and high temperature and humidity conditions create demand for appliances designed specifically for Indian operating environments. Greater domestic development of components and technology is supporting this shift.
• BLDC fan penetration is projected to increase from approximately 17% in FY26 to 38–41% by FY31P. These fans consume around 25–35 watts, compared with 50–90 watts for conventional fans, translating into 50–60% lower power consumption.
• The next-generation fan market, valued at approximately ₹36 billion in FY26, is projected to reach ₹114–153 billion by FY31P, growing at a CAGR of 26–34%. Near-universal household penetration, high daily usage, and replacement demand provide additional growth drivers.

Financial Performance of Atomberg Technologies Limited

Note: Figures within brackets indicate losses.

Atomberg Technologies Peer Comparison

There are no listed companies in India or overseas that operate a business directly comparable to Atomberg, as per its DRHP.

Strengths and Opportunities for Atomberg Technologies

1. Atomberg has a dedicated team of 254 engineers, making up 25.32% of its permanent workforce. It also has a 108,892 sq. ft. R&D centre in Pune, with facilities for product development, prototyping, and testing.
2. The company has built a premium brand through product innovation and digital marketing. Its Top of Mind Awareness rose from 10% in Q1 FY25 to 15% in Q2 FY25. Total Spontaneous Awareness also increased from 36% to 46% during the same period.
3. Atomberg's focus on energy efficiency, product quality, and innovation has helped it establish a strong position in the premium fans market. It held a 46.08% market share by sales value in this segment in FY26.
4. The company allocated 41.85% of its advertising and sales promotion expenses to digital channels in FY26. Its campaigns generated over 370 million views across more than 10 languages.
5. Atomberg operates two manufacturing facilities in Pune. Its Chakan facility has an annual installed capacity of 6.60 million units, while the Chakan-Varale facility manufactures key components such as motors and printed circuit board assemblies (PCBAs).
6. As of March 31, 2026, the company had 626 distributors and direct dealers, 46,932 retail counters, and a distribution network covering more than 18,000 pin codes across India.
7. In FY26, Atomberg resolved 83.97% of installation requests and 96.04% of inspection requests within 24 hours. It also received an average service rating of 4.75 out of 5 across 76,241 reviews.
8. The company is led by its promoters, Manoj Kumar Meena and Sibabrata Das. Its management team has experience across engineering, manufacturing, supply chain, and technology, while institutional investors provide financial support and strategic guidance.

Risks and Threats for Atomberg Technologies

1. Home Appliances contributed 89.08% of revenue in FY26, down from 99.32% in FY24, indicating continued dependence on fans and smart locks.
2. The company spent ₹867.89 million on R&D in FY26 (5.94% of total expenses). Its competitiveness depends on continuous innovation and keeping pace with evolving technologies.
3. Its Kitchen Appliances segment, including motorised food preparation devices and water purifiers, requires significant consumer adoption, distribution, and service capabilities to achieve scale.
4. All manufacturing and R&D operations are concentrated in facilities in and around Pune, Maharashtra, exposing the company to operational disruptions.
5. The company relies on 773 external suppliers for key components and raw materials, exposing it to supply-chain disruptions, quality issues, and delivery delays.
6. The company reported losses for three consecutive years, with restated losses after tax of ₹1,488.81 million in FY26, ₹1,174.05 million in FY25, and ₹1,990.80 million in FY24.
7. Total borrowings increased to ₹2,575.28 million in FY26 from ₹1,595.99 million in FY24. The company has also breached certain financial covenants in the past, although lenders waived these breaches.

Atomberg Technologies IPO Reservation

Atomberg Technologies IPO Promoter Holding

The promoters of the company are Manoj Kumar Meena and Sibabrata Das.

Atomberg Technologies IPO Registrar and Lead Managers

Atomberg Technologies IPO Lead Managers

• ICICI Securities Ltd.
• Avendus Capital Pvt. Ltd.
• IIFL Capital Services Ltd.

Registrar for Atomberg Technologies IPO

• Name: MUFG Intime India Pvt. Ltd.
• Phone: 022-49186000
• Email ID: ipo.team@in.mpms.mufg.com

How To Check the Allotment Status of the Atomberg Technologies IPO?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Milky Mist Ltd. IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Apply for Atomberg Technologies IPO Online?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Atomberg Technologies IPO

Address: 3rd Floor, Tower B, 247 Embassy Park, LBS Marg, Vikhroli West, Mumbai, Maharashtra, 400083

Phone: +91 022 6590 75

Email ID: investors@atomberg.com