Atomberg Files DRHP With SEBI For ₹450 Cr+ IPO

D2C consumer appliance startup Atomberg has filed its DRHP with market regulator SEBI for an IPO.

As per the draft papers, the IPO will comprise a fresh issue worth up to ₹450 Cr and an offer for sale (OFS) of up to 7.6 Cr shares. 

A91 partners, Temasek Holdings, Inflexor Ventures, and Steadview Capital are among the investors looking to offload shares via the OFS.

Besides, Atomberg is also considering a pre-IPO placement up to ₹90 Cr, the DRHP added.

The Mumbai-based company plans to deploy the IPO proceeds towards debt repayment, marketing, and R&D. The balance net proceeds will be utilised for general corporate purposes.

This comes after Atomberg’s board passed a special resolution to raise up to ₹450 Cr via an IPO during an extraordinary general meeting (EGM) held last week, on August 12.  

(The story will be updated soon)

 

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