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Atomberg Files IPO Papers: Rs 450 Cr Fresh Issue Planned

By Business DeskAtomberg Files IPO Papers: Rs 450 Cr Fresh Issue Planned

Jungle Ventures-backed Atomberg Technologies files DRHP for an IPO, aiming to raise up to Rs 450 crore via fresh issue. Funds for debt, marketing, and R&D.

Atomberg Technologies, backed by Jungle Ventures, has filed its draft red herring prospectus for an initial public offering, seeking to raise up to Rs 450 crore through a fresh issue of shares.

The IPO also includes an offer for sale of 76.5 million shares. Proceeds from the fresh issue are earmarked for specific purposes.

Fund Utilization Breakdown

  • Rs 90 crore: Repayment or prepayment of existing borrowings.
  • Rs 150 crore: Investment in brand awareness and performance marketing.
  • Rs 100 crore: Allocation for research and development (R&D) activities.
  • Remaining funds: General corporate purposes.

The company has shown revenue growth, but adjusted Ebitda declined in FY26. Restated losses were also reported for FY26.

Key Financial Figures

  • Revenue from operations (FY26): Rs 1,293.77 crore (up from Rs 796.98 crore in FY24).
  • Adjusted Ebitda (FY26): Rs 37.12 crore (down from Rs 152.07 crore in FY24).
  • Restated Loss (FY26): Rs 148.88 crore (compared to Rs 199.08 crore loss in FY24).

Both online and offline revenue streams significantly increased over the past two fiscal years. The company expanded its product portfolio in 2025.

Revenue Channel Growth (FY24 to FY26)

  • Online revenue: Grew to Rs 456.45 crore from Rs 234.51 crore.
  • Offline revenue: Rose to Rs 820.11 crore from Rs 562.47 crore.

Atomberg maintains a broad sales and service network across India, covering numerous cities and pin codes. Tier 2 and smaller cities contribute significantly to its offline sales.

Distribution & Reach

  • Distributors/Direct Dealers (March 31, 2026): 626.
  • Retail Touchpoints: 46,932 across approximately 1,600 cities/towns.
  • Service Network: Over 18,000 pin codes.
  • Tier 2 & smaller cities: Contributed 49.57% to FY26 offline consumer appliance revenue.

The company manufactures various consumer appliances and also supplies proprietary components through its subsidiary. It operates two leased manufacturing facilities in Pune.

R&D Focus

  • R&D Team (March 31, 2026): 254 engineers (25.32% of permanent workforce).
  • R&D Investment (FY26): Rs 86.79 crore (6.71% of revenue from operations).

Atomberg’s strategic IPO filing outlines a clear path for capital allocation, aiming to fuel growth across brand, R&D, and operational efficiency.

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