Started by IIT Bombay graduates Manoj Meena and Sibabrata Das, Atomberg Technologies is planning an IPO that could raise around $200 million. The company is in talks with investment banks and may soon hire advisors. Depending on the market, the IPO could happen next year.

Atomberg started in 2012 by making energy-efficient fans and later expanded into mixer grinders, water purifiers and smart locks. The company aims to become a major consumer electronics brand. In 2023, the company raised $86 million from major investors such as Temasek and Steadview Capital.

If the IPO goes through, Atomberg will join other tech companies that have recently gone public, such as Lenskart, Grow and Ather Energy. These plans come at a time when India's IPO market is strong.