Atomberg Technologies Pvt., backed by Temasek Holdings, is said to be exploring an initial public offering (IPO) in Mumbai that could raise around $200 million, according to reports. The IPO is expected to include a mix of fresh shares and secondary sales by existing investors and could launch as early as next year.
The company has recently held discussions with investment banks about a possible listing and is likely to appoint advisers in the coming weeks, reports said.
The Mumbai-based consumer electronics maker is also backed by Steadview Capital and Jungle Ventures and is the latest firm preparing to tap India’s strong IPO market. Indian companies have raised about $19.6 billion through listings so far this year, following a record $21 billion in 2024, according to Bloomberg data.
Founded in 2012 by Manoj Meena and Sibabrata Das, Atomberg started as a fan manufacturer and has since expanded into mixer grinders, water purifiers and smart locks. In 2023, the company raised $86 million from Temasek, Steadview Capital, Jungle Ventures and Inflexor Ventures in a combination of primary and secondary transactions, according to Avendus Capital, which advised on the fundraise.