SynopsisAtomberg will use Rs 150 crore for marketing, Rs 100 crore for research and development and Rs 90 crore to repay borrowings. It may also raise up to Rs 90 crore in a pre-IPO placement.Atomberg Technologies has filed its draft red herring prospectus (DRHP) for an initial public offering (IPO) comprising a fresh issue of up to Rs 450 crore and an offer for sale of up to 7.65 crore shares.A91 Partners will sell up to 3.77 crore shares, while Temasek and Jungle Ventures will share 1.22 crore and 99.46 lakh shares, respectively. Inflexor Ventures, Steadview Capital and Survam Partners will also offload shares.Atomberg will use RsNow Playing
Atomberg IPO: Atomberg files IPO papers for Rs 450-crore fresh issue - The Economic Times
Atomberg will use Rs 150 crore for marketing, Rs 100 crore for research and development and Rs 90 crore to repay borrowings. It may also raise up to Rs 90 crore in a pre-IPO placement.
TL;DRAI
Atomberg Technologies raises Rs 450 crore via IPO as A91, Temasek, Jungle Ventures exit; Rs 150 crore earmarked for marketing, Rs 100 crore for R&D. India's deeptech IoT startup hits public market, validating smart cooling hardware segment. Heavy marketing allocation signals consolidated GTM race in efficiency-focused hardware.
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