SEBI Greenlights Atomberg’s ₹450 Cr IPO

by · Inc42

SUMMARY

  • SEBI informed that it had issued its observation letter to Atomberg on October 30, over a couple months after the company filed its draft IPO papers
  • The public listing will comprise a fresh issue of equity shares worth up to ₹450 Cr and an offer for sale (OFS) of 7.65 Cr equity shares
  • The company plans to use ₹90 Cr from the fresh issue proceeds to repay or prepay certain borrowings