# Atomberg files Rs 450 crore IPO, A91, Temasek to sell stake

2026-08-25T17:51:17+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Atomberg Technologies has filed draft IPO papers with SEBI for a public issue comprising a fresh issue of shares worth up to Rs 450 crore and an offer for sale (OFS) of up to 7.65 crore equity shares by existing investors. Institutional backers A91 Partners, Temasek Holdings, Inflexor Ventures, and Steadview Capital intend to partially exit through the OFS. A91 Partners holds the largest stake at 21.02% via A91 Emerging Fund I, while Temasek through V-Sciences Investments owns 11.8%. The consumer appliances company, known for its BLDC fans, saw revenue jump 34.8% to Rs 1,293.8 crore in FY26, but net loss widened 26.8% to Rs 148.9 crore. Founders Manoj Kumar Meena (17.73%) and Sibabrata Das (10.02%) are not selling any shares. The board recently approved the IPO and a separate pre-IPO placement of up to Rs 90 crore. The company now sells through offline retailers, online marketplaces, and its own website, with fans remaining its largest revenue category.

## Indian Opinion Analysis

The share sale planned by investors like A91 Partners and Temasek is the real headline, not the company's own fundraise. At a post-IPO ownership that drops by roughly a third, the founders still hold 27.75% combined, giving them control. The widened loss of Rs 148.9 crore on a Rs 1,293.8 crore revenue highlights a classic growth-stage trade-off: heavy spending to capture market share in home appliances, a sector where Chinese and legacy Indian brands dominate offline retail and brand recall. SEBI's approval timeline is the next signal to watch, along with whether the Rs 90 crore pre-IPO placement gets lapped up before the formal offer opens.

## Coverage

- inc42.com <https://inc42.com/buzz/atomberg-drhp-a-look-at-shareholding-pattern-key-personnel/>
  Leads with shareholding details and investor exit plans, not regulatory or market timing

This brief was synthesised by AI from the source linked above.

Tags: A91 Partners, Atomberg, IPO, SEBI, Temasek
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