Atomberg Applied sciences, a shopper electronics firm based by IIT Bombay graduates Manoj Meena and Sibabrata Das, is planning for an IPO that would elevate round $200 million, based on a Bloomberg report.

The report mentioned that the corporate has initiated discussions with funding banks concerning the potential itemizing and is predicted to nominate advisers within the coming weeks.

The proposed IPO is prone to embrace a mix of recent share issuance and a secondary sale by present buyers, and might be launched as early as subsequent yr. The itemizing may come as early as subsequent yr, relying on market situations, the report mentioned.

Atomberg’s plan comes at a time when India’s major market stays robust. Corporations have raised round $19.6 billion up to now this yr, following a document $21 billion in 2024, based on Bloomberg information.

Based in 2012 by Manoj Meena and Sibabrata Das, the Mumbai-based agency started by manufacturing energy-efficient followers. Over time it has expanded into mixer grinders, water purifiers and sensible locks, aiming to construct a broad shopper electronics platform.

In 2023, Atomberg raised $86 million from Temasek, Steadview Capital, Jungle Ventures and Inflexor Ventures by means of a mixture of major and secondary transactions. Avendus Capital suggested on the deal.

If the IPO goes forward, Atomberg will be a part of a rising group of know-how corporations who already acquired listed, together with Lenskart, Groww, and Ather Energy.