Alternate Headlines
- AISATS Signs MoUs with Spicexpress and Total Solutions to Expand Freighter Operations at Noida Airport
- AISATS Partners with Spicexpress, Total Solutions to Strengthen Cargo Operations at Noida Airport
- AISATS to Explore Livestock and Cargo Freighter Operations at Noida International Airport
- AISATS Expands Freighter Plans at Noida Airport with Spicexpress and Total Solutions
- AISATS MMCH Set to Strengthen Noida Airport’s Freighter Connectivity
Rewritten Story
Bengaluru, August 21, 2026: Air India SATS Airport Services Private Limited (AISATS) has signed separate MoUs with Spicexpress Logistics Private Limited and Totsol Aviation Private Limited to explore freighter operations at its Multi Modal Cargo Hub (MMCH) at Noida International Airport (NIA).
Under the agreement with Spicexpress, AISATS plans to facilitate approximately 200 livestock freighter operations between September 2026 and August 2027. The hub’s proximity to livestock-producing regions such as Uttar Pradesh and Haryana is expected to support faster cargo movement to domestic and international destinations.
The agreement with Total Solutions will explore scheduled and non-scheduled cargo freighter operations from NIA, supporting increased connectivity as cargo activities at the airport expand.
Ramanathan Rajamani, CEO, Air India SATS, said, “The AISATS Multi-Modal Cargo Hub is positioned to support more efficient and predictable movement of livestock consignments to both domestic and international markets. The hub also offers the flexibility needed in handling non-scheduled operations. Livestock freighter capacity is central to the growth of the overall industry, and we will act as a catalyst to further enhance it by reducing the timeframe.”
Amit Chadha, Head of SpiceXpress & VP – Spicexpress and Logistics, said, “This MOU partnership with AISATS is about creating a dependable operating model for a category of cargo where consistency matters as much as connectivity.”
Sandeep Datta, Managing Director, Total Solutions Group, added, “Through this collaboration with AISATS, we aim to bring our market knowledge, cargo development capabilities and operational experience to help build sustainable freighter connectivity from Noida International Airport.”
A91 Partners, Jungle Ventures-backed Atomberg files DRHP for IPO; plans ₹450 crore fresh issue
Link: https://www.bseindia.com/corporates/download/325308/IPO%20Prior/2DRHP_20260821021405.pdf
Atomberg Technologies Limited has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for its IPO.
The IPO comprises of a fresh issue of Equity Shares of face value of ₹10 each aggregating up to ₹450 Crores and an offer for sale of 76,542,051 equity shares of face value ₹ 10 each.
The Company proposes to utilise the Net Proceeds primarily towards ₹90 Crores for repayment/prepayment, in full or in part, of certain borrowings, ₹150 Crores towards brand awareness and performance marketing activities, and ₹100 Crores towards investment in research and development. The balance Net Proceeds will be utilised for general corporate purposes.
Founded by Manoj Meena in 2012 and subsequently joined by Sibabrata Das as co-founder in 2013, Atomberg is a deep-tech, research and development (R&D)-led company that builds next-generation consumer appliances including mixer grinders, water purifiers and cold-pressed juicers for Indian households under the “Atomberg” brand. The company also designs, manufactures and supplies proprietary and critical components, including motors and controllers, to enterprise customers such as Voltas, Godrej and BlueStar across industries through its subsidiary, Atomberg Innovations Private Limited. Its operations are divided into two segments: the Consumer Appliance Business and the Proprietary Components segment.
Atomberg holds the highest market share in India’s premium fans segment, defined as fans with an average selling price above ₹3,500, among scaled consumer appliance companies. Water Purifiers is the newest product in the Kitchen Appliances segment, introduced in 2025. In FY2026, Atomberg commanded an approximately 46.08% market share by cumulative sales value at market operating price, according to the Redseer Report. Its technology-led product development is also reflected in reliability, with Atomberg recording the lowest product failure rate for its next-generation BLDC ceiling fan portfolio in FY2026 among scaled consumer appliance companies in India, highlighting the strength of its technology platform and integrated manufacturing quality-control processes. The company is the fastest-growing company among listed scaled consumer appliance companies in India by revenue from operations between the Financial Years 2024 and 2026.
Atomberg sells its products through an omni-channel distribution model spanning offline channels such as general trade distributors, retailers, modern trade chains and institutional partners, and online channels including e-commerce marketplaces, quick-commerce platforms and atomberg.com.
As of March 31, 2026, its general trade network comprised approximately 626 distributors and direct dealersand 46,932 retail touchpoints across around 1,600 cities and towns, with presence across all Indian states. Its service network covered over 18,000 Indian pin codes, supported by trained in-house agents and third-party providers for installation and after-sales service across categories.
In FY26, Tier 2+ cities contributed the largest share of Atomberg’s offline consumer appliance business revenue at 49.57%, followed by metropolitan cities at 30.91% and Tier 1 cities at 19.52%, reflecting broad geographic sales diversity.
Atomberg operates two leased manufacturing facilities in Pune, Maharashtra, supporting its Consumer Appliances and Proprietary Components businesses. Its Chakan Facility, which commenced operations in FY2022 and spans over 2,83,000 square feet, manufactures ceiling fans, table, pedestal and wall fans, exhaust fans, mixer grinders, cold-pressed juicers and smart locks. Its Chakan-Varale Facility, operated by AIPL, spans approx. 159,000 square feet and manufactures proprietary motors, electronic assemblies and related components for OEMs across appliance sectors, with capabilities including EMS, automated motor assembly, vertical injection molding, BMC molding, stator winding and rotor assembly.
Atomberg has consistently invested in innovation-led product development, supported by a robust R&D team of 254 engineers, representing 25.32% of its permanent workforce as of March 31, 2026. In FY2026, the company incurred R&D expenditure of ₹86.79 Crores, equivalent to 6.71% of revenue from operations. According to the Redseer Report, this was the highest R&D spend as a percentage of revenue among listed scaled consumer appliance companies in India, significantly above the peer average of less than approximately 1%, underscoring Atomberg’s strong focus on technology and product innovation.
Revenue from operations stood at ₹1293.77 Crores in FY2026, compared with ₹959.51 Crores in FY2025 and ₹796.98 Crores in FY2024. Adjusted EBITDA stood at ₹37.12 Crores in FY2026, compared with ₹(51.35) Crores in FY2025 and ₹(152.07) Crores in FY2024. Restated loss for the year has narrowed from ₹1,99.08 Crores for FY2024 to ₹148.88 Crores for the FY26.
Its revenue from online channels increased to ₹456.45 Crores in FY2026 from ₹234.51 Crores in FY2024, while offline channel revenue rose to ₹820.11 Crores from ₹562.47 Crores over the same period. Online channel contributed approximately 35.76% of the revenue from consumer appliances business, significantly higher than the online mix for peers
Atomberg operates in a structurally expanding TAM of approximately ~$4.60 billion in FY2026 across fans, kitchen appliances, water purification and smart home products, driven by rising incomes, urbanization, premiumization and demand for energy-efficient technologies. Key adjacent categories such as water purifiers (~$1.30 billion) and motorized food preparation (~$0.80 billion) remain underpenetrated and are seeing rapid premiumization.
ICICI Securities Limited, Avendus Capital Private Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited are the bankers to the issue.
Alternate Headlines
- Atomberg Technologies Files DRHP for IPO, Plans ₹450 Crore Fresh Issue
- Atomberg Files IPO Papers with SEBI; Fresh Issue to Raise ₹450 Crore
- Jungle Ventures-Backed Atomberg Moves Towards IPO with ₹450 Crore Fresh Issue
- Atomberg Proposes ₹450 Crore Fresh Issue in IPO; Files DRHP with SEBI
- Atomberg Files DRHP for IPO to Fund Debt Repayment, R&D and Marketing
- A91 Partners, Jungle Ventures-Backed Atomberg Files IPO Draft Papers
- Atomberg Eyes IPO; Proposes ₹450 Crore Fresh Issue and 7.65 Crore-Share OFS
Rewritten Story
Bengaluru, August 21, 2026: Atomberg Technologies Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering comprising a ₹450 crore fresh issue and an offer for sale of 76,542,051 equity shares.
The company plans to use ₹90 crore of the net proceeds to repay or prepay borrowings, ₹150 crore for brand awareness and performance marketing, and ₹100 crore towards research and development. The remaining proceeds will be used for general corporate purposes.
Founded in 2012 by Manoj Meena and joined by Sibabrata Das as co-founder in 2013, Atomberg develops consumer appliances including fans, mixer grinders, water purifiers and cold-pressed juicers. It also manufactures proprietary components such as motors and controllers for enterprise customers through its subsidiary, Atomberg Innovations.
In FY2026, the company reported revenue from operations of ₹1,293.77 crore, compared with ₹959.51 crore in FY2025. Adjusted EBITDA improved to ₹37.12 crore, from a loss of ₹51.35 crore a year earlier.
Atomberg had approximately 626 distributors and direct dealers and 46,932 retail touchpoints across around 1,600 cities and towns as of March 31, 2026.
The company had 254 R&D engineers and incurred ₹86.79 crore in R&D expenditure during FY2026, representing 6.71% of revenue. Its online revenue rose to ₹456.45 crore during the year, while offline revenue stood at ₹820.11 crore.
Quadria Capital backed Absorbent Hygiene Products Maker Nobel Hygiene Files for IPO
DRHP & Abridged DRHP Link: https://www.bseindia.com/corporates/download/347004/IPO%20Prior/2DRHPNobelhygiene_20260821041616.zip
Nobel Hygiene Limited, India’s largest home-grown branded manufacturer of absorbent hygiene products in value terms among pure-play branded companies in Fiscal 2026, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The company pioneered India’s adult absorbent hygiene category and has built a diversified presence across adult, baby and feminine absorbent hygiene segments.
The issue comprises a fresh issue of up to ₹150 crore and an offer for sale (OFS) of up to 15,511,082 equity shares by existing shareholders, including Kamal Kumar Johari and Kamini Kamal Johari (Promoter Selling Shareholders), and Orbit Investment Holdings Pte. Ltd., Sixth Sense India Opportunities III, Bennett Trading LLP, Manish Dharanendra Ladage, Seema Manish Ladage and Lashit Lallubhai Sanghvi (Investor Selling Shareholders).
The net proceeds from the fresh issue are proposed to be utilised towards prepayment/repayment of certain outstanding borrowings, investment in its subsidiary, Nobel Hygiene Baroda Private Limited (NHBPL), to part-finance the augmentation of production capacity at Halol through the setting up of a brownfield manufacturing-cum-warehousing facility within the existing Halol land and purchase and installation of an adult diaper machine line, as well as for general corporate purposes.
Nobel Hygiene has a legacy spanning over two decades and operates across adult, baby and feminine absorbent hygiene through its Friends, B-Fit, Teddyy, Snuggy and RIO brands. Its portfolio comprised more than 1,158 SKUs as of March 31, 2026, covering adult diapers, baby diapers, underpads, insert pads, maternity pads, bed bath towels, wet wipes and sanitary pads. Friends is the largest adult absorbent hygiene brand in India by value, while the company has developed a diversified portfolio across multiple price points and usage needs.
The company has established a strong position in the organised absorbent hygiene market. In Fiscal 2026, adult absorbent hygiene contributed 49.25% and baby absorbent hygiene 45.32% of revenue from operations. Friends and Teddyy accounted for 37.85% and 39.63%, respectively, of revenue from operations, while B-Fit contributed 10.83%.
The company operates 14 manufacturing lines across approximately 19 acres at its Nashik and Halol facilities, with aggregate annual installed capacity of 1,890.57 million units across adult diapers, baby diapers and underpads. Its pan-India distribution network spans 0.27 million retail outlets across 31 States and Union Territories, supported by over 296 stockists and 418 distributors. It also exports to 19 countries, includes Sri Lanka, the United Arab Emirates, Australia and Mauritius.
On financials, revenue from operations increased by 14.56% from ₹739.14 crore in FY2025 to ₹846.75 crore in FY2026, while EBITDA rose from ₹65.57 crore to ₹84.76 crore, with EBITDA margin improving from 8.87% to 10.01%. The company turned profitable, with restated profit for the year increasing from ₹2.28 crore in FY2025 to ₹18.91 crore in FY2026. Product margin also improved from 42.13% in FY2025 to 44.43% in FY2026.
The company also intends to strengthen its presence in the feminine absorbent hygiene category through the introduction of disposable period panties, while continuing to expand its adult and baby hygiene businesses through deeper penetration, product innovation and expanded manufacturing capacity.
According to the DRHP, India’s adult absorbent hygiene market is at an inflection point, with the market valued at ₹20.5-21.5 billion in FY2026, having grown at a CAGR of approximately 26% since FY2020. The market is projected to reach ₹54-61 billion by FY2031, representing a CAGR of 21%-23%, driven primarily by expansion of the addressable user base and rising penetration. The DRHP notes that growth is expected to be led by new user adoption, with 1.5-1.8 million new users expected to be added by FY2031. Low penetration, improving awareness, greater pharmacist and healthcare professional recommendations and reduced stigma are expected to support category adoption.
ICICI Securities Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the issue.
Alternate Headlines
- Quadria Capital-Backed Nobel Hygiene Files DRHP for IPO
- Nobel Hygiene Files IPO Papers with SEBI; Plans ₹150 Crore Fresh Issue
- Nobel Hygiene Eyes IPO with ₹150 Crore Fresh Issue, 1.55 Crore-Share OFS
- Absorbent Hygiene Products Maker Nobel Hygiene Files DRHP for IPO
- Nobel Hygiene Moves Towards IPO, Proposes ₹150 Crore Fresh Issue
- Quadria-Backed Nobel Hygiene Files DRHP; Plans Capacity Expansion
- Nobel Hygiene Files IPO Draft Papers to Fund Debt Repayment, Expansion
Rewritten Story
Bengaluru, August 21, 2026: Nobel Hygiene Limited, an India-based manufacturer of absorbent hygiene products, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering comprising a fresh issue of up to ₹150 crore and an offer for sale of up to 15,511,082 equity shares.
The company plans to use the fresh issue proceeds towards repayment of borrowings, investment in its subsidiary Nobel Hygiene Baroda Private Limited, capacity expansion at its Halol facility and purchase and installation of an adult diaper machine line.
With more than two decades of operations, Nobel Hygiene has a presence across adult, baby and feminine hygiene segments through brands including Friends, B-Fit, Teddyy, Snuggy and RIO. Its portfolio comprised more than 1,158 SKUs as of March 31, 2026.
The company operates 14 manufacturing lines across its Nashik and Halol facilities, with aggregate annual installed capacity of 1,890.57 million units. Its distribution network covers approximately 0.27 million retail outlets across 31 States and Union Territories.
Revenue from operations rose 14.56% to ₹846.75 crore in FY2026 from ₹739.14 crore in FY2025. EBITDA increased to ₹84.76 crore from ₹65.57 crore, while restated profit rose to ₹18.91 crore from ₹2.28 crore.
The company also plans to expand its feminine hygiene portfolio and introduce disposable period panties, while increasing penetration across its adult and baby hygiene businesses.
