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Atomberg Technologies files draft papers with SEBI; aims to raise Rs 450 crore

Atomberg plans to use fresh proceeds of Rs 150 crore for brand awareness and performance marketing, Rs 100 crore for investments in research and development and Rs 90 crore to repay or prepay certain borrowings. The remaining proceeds will be used for general corporate purposes

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Representational Image. File pic.

Representational Image. File pic.

Home appliances maker Atomberg Technologies Ltd has filed preliminary papers with markets regulator Sebi for an initial public offering (IPO), including a fresh issue of shares worth up to Rs 450 crore.

The IPO also comprises an offer-for-sale (OFS) of 7.65 crore equity shares, according to the draft red herring prospectus (DRHP) filed on Thursday.

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