Atomberg Eyes $200M IPO Amid Strong Market Momentum

Atomberg Technologies, founded by IIT Bombay alumni Manoj Meena and Sibabrata Das, plans an IPO to raise about $200 million as early as next year, including fresh and secondary shares. Founded in 2012, it makes energy-efficient fans, mixers, purifiers, and smart locks. Backed by investors like Temasek, it raised $86 million in 2023 amid a strong Indian IPO market of $19.6 billion this year.