Aug 21 (Reuters) - Indian appliances maker Atomberg Technologies has filed for an initial public offering comprising a fresh issue of shares worth up to 4.5 billion rupees ($47.02 million) and an offer for sale of up to 76.5 million shares from existing investors, its draft papers showed on Friday.
The company did not specify the IPO size.
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A91 Emerging Fund I LLP, V-Sciences Investments, Jungle Ventures IV and Inflexor Opportunities Fund 1 are among the investors selling shares.
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India's consumer appliances market is estimated at $4.69 billion in fiscal 2026, per the draft papers.
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The market is shifting towards next-generation, energy-efficient products, with rising incomes, urbanisation and premiumisation driving demand for fans, water purifiers and motorised kitchen appliances, the draft papers said.
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Atomberg makes consumer appliances such as fans, smart locks, water purifiers and cold-pressed juicers.
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It also makes and supplies motor and electronics components to enterprise customers such as Voltas, Godrej and Blue Star
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Atomberg plans to use 3.4 billion rupees from the IPO proceeds to repay debt, fund brand-building and invest in research and development.
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Atomberg's revenue from operations rose to 12.94 billion rupees in fiscal 2026 from 7.97 billion rupees in fiscal 2024.
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It operates via 626 distributors and direct dealers, nearly 47,000 retail touchpoints and a service network covering over 18,000 pin codes across India, as of March 31, 2026.
($1 = 95.7000 Indian rupees)
Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman
Source: Reuters