Home appliances manufacturer Atomberg is in discussions to raise approximately ₹40 crore through a secondary capital transaction as it prepares for a potential initial public offering (IPO), according to reports by Inc42. The proposed transaction is aimed at restructuring the company’s shareholding ahead of its planned market debut.
The secondary round is being led by Forj Capital, with participation expected from White Whale Partners, content creator Tanmay Bhatt and a group of angel investors. The transaction is likely to be concluded over the next few weeks and is expected to value Atomberg at around ₹5,000 crore.
Objective of the Secondary Transaction
The proposed share sale is primarily focused on realigning the company’s capital structure ahead of the IPO. Early investor A91 Partners is expected to reduce its stake to below 20 per cent to avoid classification as a promoter entity under listing regulations.
As part of the transaction, founders Sibabrata Das and Manoj Meena are expected to sell shares worth nearly ₹12 crore. In addition, some former employees may partially monetise their employee stock option plans (ESOPs) through the secondary sale.
Company Background and Product Portfolio
Founded in 2012 by IIT Bombay alumni Sibabrata Das and Manoj Meena, Atomberg initially operated in the business-to-business segment, focusing on energy-efficient brushless direct current (BLDC) fans. The company entered the consumer market in 2016 and has since expanded its product range.
Atomberg’s current portfolio includes BLDC-based ceiling and pedestal fans, mixer grinders, water purifiers and other household appliances. The company has steadily diversified its offerings while maintaining a focus on energy efficiency and technology-driven products.
Distribution Network
The company markets and sells its products through a combination of online and offline channels. These include its own direct-to-consumer platform, major ecommerce marketplaces such as Amazon and Flipkart, and a growing network of physical retail stores. Atomberg has expanded its distribution footprint in line with the addition of new product categories.
IPO Roadmap
Atomberg is targeting a public listing in the financial year 2026–27. While detailed plans have not been formally disclosed, the company is expected to file its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) by July 2026. Market estimates suggest the IPO could be sized between ₹1,500 crore and ₹2,000 crore, with proceeds likely to be deployed toward capital expenditure, debt reduction and marketing of newer product lines.
Funding History and Financial Performance
To date, Atomberg has raised approximately $126.5 million from investors including Temasek Holdings, Steadview Capital, Jungle Ventures, Inflexor Ventures and Trifecta Capital Advisors. Financial data sourced from Tofler indicates that the company’s revenue increased by 31.5 per cent to ₹848.6 crore in FY24, compared with ₹645.1 crore in FY23. Net losses widened to ₹202.9 crore in FY24 from ₹138.1 crore in the previous year.
Summary
Atomberg is planning to raise around ₹40 crore through a secondary capital round led by Forj Capital as part of preparations for its proposed IPO. The transaction is aimed at restructuring shareholding ahead of the listing, with stake sales by early investors, founders and select employees. The company is targeting a public listing in FY27 and continues to expand its product portfolio and distribution network.
Disclaimer:
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