# Atomberg board approves Rs 450 crore IPO, pre-IPO round of Rs 90 crore 2026-08-17T17:58:01+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet D2C appliance maker Atomberg has received board approval to raise up to Rs 450 crore through an initial public offering. The decision was taken at an extraordinary general meeting held on August 12, according to company filings with the Ministry of Corporate Affairs. The IPO will consist of a fresh issue of equity shares and an offer for sale by existing shareholders, subject to market conditions and SEBI clearance. The board also cleared a pre-IPO placement of up to Rs 90 crore. Any amount raised in this round will reduce the fresh issue portion of the IPO. The pre-IPO size is much larger than earlier reports suggested, cofounder Sibabrata Das had told Inc42 last year that the company was looking to raise Rs 40 crore in a secondary round led by Forj Capital. Founded in 2012 by IIT Bombay alumni Manoj Meena and Das, Atomberg started with energy-efficient BLDC fans and now sells mixer grinders, water purifiers, and other appliances. It has raised about $126.5 million to date from investors including Temasek, Jungle Ventures, and Steadview Capital. In FY25, the company cut net losses by 41% to Rs 117 crore, while operating revenue rose 20% to Rs 958.4 crore. ## Coverage - inc42.com This story was synthesised by AI from the source linked above. Tags: Atomberg, Manoj Meena, SEBI, Sibabrata Das Canonical: https://indianopinion.org/atomberg-board-approves-rs-450-crore-ipo-pre-ipo-round-of-rs-90-crore/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/atomberg-board-approves-rs-450-crore-ipo-pre-ipo-round-of-rs-90-crore/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/