Atomberg Technologies Limited
DRHP · filed 27 Aug 2026
This is a draft. SEBI has not cleared it, there is no final price yet, and it may never become an IPO.
Atomberg Technologies Limited is a manufacturer of energy-efficient home appliances, primarily fans and smart locks, which accounted for 89.08% of its revenue in 2026. The company is raising Rs 4500 crore through a fresh issue with no offer for sale. Its financial trajectory is supported by a debt-to-equity ratio of 1.38, but the business faces high risks related to revenue concentration, dependence on BLDC fan demand, and the potential impact of macroeconomic conditions or alternative cooling technologies. Additionally, the company faces medium-severity risks regarding technological differentiation, intellectual property protection, and operational concentration in Pune.
What stands out
Risk factor. Our revenue is substantially dependent on sales of appliances in our Home Appliances segment, comprising fans and smart locks, which accounted for 89.08% of total revenue from operations in 2026.
Risk factor. Our business is materially dependent on the demand for BLDC and premium energy-efficient fans and smart locks, with a particular focus on ceiling fans due to our market leadership in this category.
Risk factor. Any decline in demand for fans, whether due to adverse macroeconomic conditions, changes in consumer spending patterns, increased penetration of alternative cooling technologies such as air conditioners or air coolers, or shifts in consumer preferences, may adversely affect our sales volumes.
Primarily fresh capital. 100% of the offer is fresh issue, so most proceeds fund the company.
How the offer is structured
Fresh issue
₹4.50k Cr
New capital into the company
OFS share
0%
- Repayment / prepayment, in full or in part, of certain borrowings availed by our Company₹900 Cr
- Brand awareness and performance marketing activities₹1.50k Cr
- Investment in research and development₹1.00k Cr
- General corporate purposes
Promoters, litigation & related parties
Promoter (pre)
27.8%
Except as disclosed in this section, as on the date of this Draft Red Herring Prospectus, there are no outstanding criminal proceedings, actions taken by regulatory authorities, claims related to direct and indirect tax matters, or other pending litigation involving the Company, Subsidiaries, Directors, Promoters, Key Managerial Personnel, or members of Senior Management. There are no disciplinary actions or penalties imposed by SEBI or stock exchanges against Promoters in the last five Financial Years. There are no pending litigations involving Group Companies which have a material impact on the Company.
Risks the company discloses
Our revenue is substantially dependent on sales of appliances in our Home Appliances segment, comprising fans and smart locks, which accounted for 89.08% of total revenue from operations in 2026.(Revenue Concentration)
Our business is materially dependent on the demand for BLDC and premium energy-efficient fans and smart locks, with a particular focus on ceiling fans due to our market leadership in this category.(Market Demand)
Any decline in demand for fans, whether due to adverse macroeconomic conditions, changes in consumer spending patterns, increased penetration of alternative cooling technologies such as air conditioners or air coolers, or shifts in consumer preferences, may adversely affect our sales volumes.(Market Demand)
Our products rely on proprietary technology and energy-efficient designs, and any failure to maintain technological differentiation or keep pace with competing technologies may adversely affect our business.(Technology)
Our ability to maintain technological leadership depends on our ability to protect our intellectual property and prevent unauthorized use or replication of our technology.(Technology)
Our manufacturing and R&D operations are concentrated in a single set of facilities in and around Pune, Maharashtra, and any disruption due to equipment failure, labour issues, natural disasters or regulatory actions may adversely affect our business.(Operational Concentration)
We are expanding our Kitchen Appliances segment with products such as motorized food preparation devices and water purifiers, and any inability to achieve meaningful consumer adoption or successfully manage these new product lines may adversely affect our business.(New Product Lines)
Expansion into multiple categories increases operational complexity across product development, supply chain management, inventory planning and distribution, and any failure to manage such complexity may adversely affect our margins and overall financial performance.(Operational Complexity)