Atomberg Technologies IPO

About Atomberg Technologies IPO

The public issue of Atomberg Technologies Limited, a mainboard IPO, will open on TBA and close on TBA. The basis of allotment is expected to be finalised on TBA. Shares will be credited to the eligible investors' demat accounts on TBA, while refunds, if any, will be initiated on TBA. The listing of shares is scheduled for TBA. The equity shares offered through the IPO are proposed to be listed on both the BSE and the NSE.

The IPO comprises a fresh issue and an offer for sale. The fresh issue consists of equity shares aggregating up to ₹450 crore, while the offer for sale comprises up to 76,541,851 equity shares.

Atomberg Technologies Limited's IPO price band is fixed at ₹TBA to ₹TBA per share. The lot size for an application is TBA shares. The minimum investment required for retail investors is ₹TBA (TBA shares). The minimum investment required for HNI investors is ₹TBA. The price band and minimum bid lot will be announced closer to the IPO opening date.

Atomberg Technologies Limited is an R&D-led consumer appliances and proprietary components company. Its products include fans, smart locks, mixer grinders, water purifiers and cold-pressed juicers under the Atomberg brand, while its proprietary components business supplies products such as motors and controllers to enterprise customers. The company was founded in 2012 and operates manufacturing facilities in Chakan and Chakan-Varale, Pune.

Objectives Of Atomberg Technologies IPO

• Repayment of certain outstanding borrowings.
  
• Brand awareness and performance marketing activities.
  
• Investment in research and development.
  
• General corporate purposes.
  

Industry Outlook

India's consumer appliance market is expected to benefit from rising household incomes, growing digital adoption and increasing demand for energy-efficient, technology-led products. The shift towards premium appliances is also being supported by higher spending power, expanding Tier 2+ cities and greater consumer focus on performance, convenience and product quality. Government initiatives such as the Bureau of Energy Efficiency (BEE) star labelling scheme, Production Linked Incentive (PLI) scheme for white goods, Bureau of Industry Standards (BIS) certification and Make in India are further supporting energy efficiency and domestic manufacturing.

The overall consumer appliances market was estimated at approximately ₹2,232 billion in FY26 and is projected to reach ₹3,914 - 4,528 billion by FY31P, growing at a CAGR of 12-15%. Next-generation consumer appliances are expected to grow faster, at a CAGR of 15-20% during the same period, with their share of the market projected to increase to 67-69% by FY31P.

Within this, the fans market was valued at approximately ₹214 billion in FY26 and is projected to reach ₹301-372 billion by FY31P, implying a CAGR of 7-12%. The next-generation Brushless Direct Current (BLDC) fan segment is expected to grow faster, with penetration projected to increase from around 17% in FY26 to 38-41% by FY31P.

About Atomberg Technologies

Atomberg Technologies Limited is an R&D-led consumer appliances company that develops next-generation products under the Atomberg brand. Its Consumer Appliance Business covers Home Appliances, including fans and smart locks, and Kitchen Appliances, including mixer grinders, water purifiers and cold-pressed juicers. It also designs and supplies proprietary components such as motors and controllers to enterprise customers through its subsidiary, Atomberg Innovation Private Limited. As of 31 March 2026, its R&D team comprised 254 engineers, while R&D expenditure stood at ₹86.79 crore, representing 6.71% of revenue from operations.

Atomberg's manufacturing infrastructure includes the Chakan Facility, with an annual installed capacity of 6.60 million consumer appliance units, and the Chakan-Varale Facility, with an annual installed capacity of 36.32 million proprietary component units. The company also has an R&D and engineering centre spanning approximately 108,892 sq. ft.

Revenue from operations increased from ₹796.98 crore in FY24 to ₹1,293.77 crore in FY26, representing a CAGR of 27.41%. As of 31 March 2026, its distribution network comprised 626 distributors and direct dealers and 46,932 retail touchpoints, while its service network covered more than 18,000 pin codes across India.

Strengths Of Atomberg Technologies

• R&D-led, technology-driven platform supporting innovation across fans, mixer grinders, water purifiers and other consumer appliance categories.
• Strong product innovation, with category-first offerings such as smart BLDC ceiling fans, BLDC-powered mixer grinders and adaptive water purifiers.
• Leading position in India's premium fans segment, with an approximately 46.08% market share by cumulative sales value in FY26.
• Cross-category technology platform enables the company to reuse engineering capabilities and intellectual property across consumer appliances and proprietary components.
• Integrated manufacturing capabilities covering process engineering, tooling, automation and critical component manufacturing, supporting greater control over quality, cost and innovation.
• Large-scale manufacturing infrastructure, including India's largest BLDC ceiling fan manufacturing facility by annual installed capacity among scaled consumer appliance companies in India.

Risks Of Atomberg Technologies

• Revenue is heavily dependent on the Home Appliances segment, which contributed 89.08% of revenue from operations in FY26, exposing the company to concentration risk.
• Failure to maintain technological differentiation or keep pace with competing technologies could affect the company's competitive position and growth.
• Expansion into Kitchen Appliances, including motorised food preparation devices and water purifiers, may not achieve the expected consumer adoption or scale.
• Manufacturing and R&D operations are concentrated in and around Pune, Maharashtra, creating exposure to local disruptions and regulatory risks.
• Dependence on third-party suppliers for key components and raw materials exposes the company to supply chain, quality and delivery risks.
• The company incurred losses in each of the past three Financial Years, with a restated loss after tax of ₹148.88 crore in FY26, which could affect future financial performance.
• Dependence on distributors, direct dealers, retailers and e-commerce platforms exposes sales to disruptions in distribution relationships and channels.

Peer Comparison

As per the DRHP, there are no directly comparable listed peers with a similar business model and product mix.

Anchor Investor Bidding Date

TBA

Registrar Details
MUFG Intime India Private Limited
E-mail: ipo.team@in.mpms.mufg.com
Telephone: +91 810 811 4949

Book Running Lead Manager

• ICICI Securities Limited
  
• Avendus Capital Private Limited
  
• IIFL Capital Services Limited
  

Atomberg Technologies Limited Contact Details
3rd Floor, Tower B, 247 Embassy Park, LBS Marg, Vikhroli West,
Mumbai, 400 083, Maharashtra, India
Email: investors@atomberg.com
Telephone: +91 022 6590 7575

Atomberg Technologies Business Model

Atomberg Technologies Limited generates revenue through two businesses: Consumer Appliances and Proprietary Components. Its Consumer Appliances portfolio includes fans, smart locks, mixer grinders, water purifiers and cold-pressed juicers sold under the Atomberg brand. Its Proprietary Components business supplies motors, controllers and other components to enterprise customers through its subsidiary, Atomberg Innovation Private Limited.

Atomberg Technologies Growth Trajectory

Atomberg Technologies Limited's Total Income for FY26 was ₹1,324.03 crore, whereas in FY25 and FY24 it was ₹1,000.65 crore and ₹825.93 crore, respectively.

The Profit After Tax for FY26 was a loss of ₹148.88 crore, whereas in FY25 and FY24 it was a loss of ₹117.41 crore and ₹199.08 crore, respectively.

Its EBITDA for FY26 was a loss of ₹33 crore, whereas in FY25 and FY24 it was a loss of ₹20.79 crore and ₹132.33 crore, respectively.

Atomberg Technologies Market Position

Atomberg Technologies Limited has established a strong position in India's next-generation consumer appliances market, particularly in fans. The company had an approximately 46.08% market share in India's premium fans segment by cumulative sales value in FY26. It has also expanded into kitchen appliances and proprietary components, broadening its presence across consumer appliance categories.

As of 31 March 2026, the company's Total Income, Profit After Tax and EBITDA stood at ₹1,324.03 crore, a loss of ₹148.88 crore and a loss of ₹33 crore, respectively.

How To Apply For Atomberg Technologies IPO?

• Step 1: Log in to your Kotak Neo Demat account – access IPO investments and select the current IPO section.
• Step 2: Specify IPO details – enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID – after entering your UPI ID, click Submit. This places your bid with the exchange.
• Step 4: Mandate Notification – your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request – your funds will be blocked once you approve the mandate request on your UPI.