Atomberg Said To Plan $200 Million India IPO

Atomberg Technologies Weighs $200 Million IPO in Mumbai

Atomberg Technologies Pvt., a consumer electronics firm backed by Temasek Holdings Pte., is considering a potential initial public offering (IPO) in Mumbai that may raise around $200 million, according to sources familiar with the matter.

• The IPO is expected to comprise a mix of new share issuance and secondary sales by existing investors.
• The listing could come as early as next year, following discussions with investment banks.

Atomberg Technologies has held talks with investment banks about a potential listing, and is expected to appoint advisers in the coming weeks.

Indian IPO Market Booming

India's IPO market is experiencing a surge, with firms raising around $19.6 billion so far this year, following a record $21 billion in 2024, according to data compiled by Bloomberg.

About Atomberg Technologies

Founded in 2012 by Manoj Meena and Sibabrata Das, the Mumbai-based company began by manufacturing fans and has since expanded its portfolio to include mixer grinders, water purifiers, and smart locks.

• Atomberg raised $86 million from investors in 2023, including Temasek, Steadview Capital, Jungle Ventures, and Inflexor Ventures.
• The company has received guidance on the deal from Avendus Capital Pvt.

A representative for Atomberg Technologies did not respond to a request for comment.