Atomberg, an Indian direct-to-consumer appliance maker, has received board approval to raise over ₹450 crore through an initial public offering, marking a key milestone on its path to becoming a publicly listed company.
- ₹450 Cr IPO approved via board resolution on August 12
- ₹90 Cr pre-IPO equity placement also authorized
- Atomberg’s FY25 revenue grew 20%, losses down 41%
What happened
Atomberg’s board passed a special resolution during an August 12 extraordinary general meeting to raise up to ₹450 crore through an initial public offering, combining fresh equity issuance and a secondary offer to existing shareholders. This move comes after the company converted into a public entity, signaling preparations for its market listing.
In addition to the public issue, the board approved a pre-IPO equity placement of up to ₹90 crore. The final size of the IPO will adjust depending on the share issuance under this placement, complying with regulatory minimum offer sizes as per SEBI guidelines and other applicable laws.
Why it matters
Atomberg’s planned IPO represents a significant step in its growth strategy, enabling it to raise capital to expand its market presence and product portfolio in the competitive consumer appliance sector. The company has built a strong footprint through omni-channel sales including its own website, leading e-commerce platforms, and offline retailers.
Financially, the startup has shown steady progress by cutting its net losses by 41% in FY25 while growing operating revenue by over 20%. With over $126 million in funding so far from investors like Temasek and Steadview Capital, going public could increase its financial flexibility and brand visibility.