India, Aug. 25 -- Consumer appliances brand Atomberg filed its draft IPO papers with market regulator SEBI, for a proposed public issue comprising a fresh issue of shares worth up to Rs.450 Cr and an offer for sale (OFS) of up to 7.65 Cr equity shares.

Institutional investors A91 Partners, Temasek Holdings, Inflexor Ventures, and Steadview Capital intend to dilute their stake in the company via the IPO. Including the selling shareholders, the company has a total of 69 shareholders till date.

A91 Partners holds the highest stake of 21.02% in the company via holding entity A91 Emerging Fund I. The investor first backed the startup in 2019, as part of its Series A funding round of $10 Mn, along with Whiteboard Capital and Survam Partners, ...