Atomberg Technologies, Ratnadeep Retail among four IPOs to receive SEBI nod

Supermarket chain Ratnadeep Retail filed its draft papers on July 1, followed by GNI Infrastructure on June 30 and Punjab Carbonic on March 31. According to SEBI's processing status of draft offer documents published this week, the regulator issued its observations on the IPO papers of Ratnadeep Retail on October 27, Punjab Carbonic on October 29, and Atomberg Technologies and GNI Infrastructure on October 30.

The issuance of SEBI observations allows companies to proceed with the next stages of the IPO process, including filing their red herring prospectus with the Registrar of Companies (RoC) and launching their public issues within the next one year. Temasek Holdings and A91 Partners-backed Atomberg Technologies, a Mumbai-based company that manufactures consumer appliances under the Atomberg brand, plans to raise Rs 450 crore through a fresh issue of shares.

Additionally, existing investors, including Temasek, A91 Partners, Inflexor Ventures and Survam Partners, will collectively offload 7.65 crore equity shares through an offer for sale (OFS). Atomberg may also consider raising up to Rs 90 crore through a pre-IPO placement. The amount raised through this placement will be adjusted against the fresh issue component, reducing its size accordingly. Telangana-based supermarket chain Ratnadeep Retail plans to raise Rs 400 crore through a fresh issue, along with an OFS of 1.48 crore equity shares by its promoters.

The company, which operates 190 stores across South India, may also consider a pre-IPO placement of up to Rs 80 crore. If undertaken, the amount raised will be adjusted against the fresh issue, reducing its size accordingly. Maharashtra-based GNI Infrastructure, a road infrastructure developer, plans to raise funds through a fresh issue of 2.1 crore equity shares, along with an OFS of 93.88 lakh shares.

Its promoters, along with investors Chanakya Opportunities Fund and RPV Holdings, will be selling shareholders in the OFS. Punjab Carbonic, a producer of liquid carbon dioxide (CO2) and dry ice, has proposed an IPO comprising 95 lakh equity shares. This includes a fresh issue of 60 lakh shares and an OFS of 35 lakh shares by its promoters. Meanwhile, WOG Technologies, an environmental engineering and technology company offering services in water treatment, oil separation, wastewater recycling and supplementary biogas generation, withdrew its IPO papers on October 30.

The company had filed its DRHP with SEBI on December 28, 2025, to raise funds through an IPO comprising a fresh issue worth Rs 375 crore and an OFS of 43.28 lakh equity shares.