Atomberg, founded by Meena and Das, started out making BLDC ceiling fans and has since diversified into kitchen and home appliances, including mixer grinders, water purifiers and cold-pressed juicers.
A91 Partners is set to realise a significant portion of its investment in consumer appliances maker Atomberg Technologies as the company prepares to go public, with the investor having sold shares worth nearly ₹445 crore, according to Atomberg’s draft red herring prospectus (DRHP).
The fund, which first backed Atomberg in 2019, has put about ₹143 crore into the company across primary and secondary transactions. Of this, ₹118 crore went into the company as primary capital, while ₹25 crore was deployed to acquire shares from existing shareholders.
A91’s stake sales have generated substantial liquidity ahead of Atomberg’s proposed initial public offering. Even after the transactions, the investor remains the largest shareholder in the company, with a 21.02 per cent holding, the DRHP showed.
A91 entered Atomberg through its Series A round in 2019 and subsequently participated in the company’s Series B financing in 2020. Its investment comes as Atomberg has expanded from its original focus on energy-efficient BLDC fans into a wider consumer appliances portfolio.
The company’s public-market filing also offers a glimpse into the extent of investor liquidity generated before the IPO. Existing shareholders have collectively undertaken secondary sales worth about ₹683 crore since 2019.
Parampara Early Stage Opportunities Fund has sold shares worth roughly ₹116 crore, making it the second-largest seller after A91. Atomberg’s founders, Manoj Meena and Sibabrata Das, have also monetised portions of their holdings.
The secondary transactions have allowed early investors and shareholders to realise returns ahead of the public listing, while bringing in new investors without increasing Atomberg’s share capital.
Atomberg, founded by Meena and Das, started out making BLDC ceiling fans and has since diversified into kitchen and home appliances, including mixer grinders, water purifiers and cold-pressed juicers. It also operates a proprietary components business, supplying motors and controllers to appliance companies.
The company’s revenue from operations rose 34.8 per cent to ₹1,293.77 crore in FY26 from ₹959.51 crore a year earlier. Despite the growth, Atomberg remained loss-making, reporting a restated loss of ₹148.88 crore for FY26.
Atomberg has proposed a ₹450-crore fresh issue as part of its IPO, alongside an offer for sale of 76.54 million shares. It plans to deploy a portion of the fresh capital towards debt repayment, brand building and R&D as it seeks to scale its appliance portfolio and distribution network.
Published on August 23, 2026
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