Rentomojo lands Sebi nod for Rs 150-crore IPO with 28-million-share OFS
India's largest furniture and appliances rental D2C platform will use fresh equity to repay debt and fund warehouse and experience-store leases. The company holds 42-47% market share with 227,511 subscribers across 22 cities and 67 experience stores. H1FY26 revenue hit Rs 176.61 crore with PAT of Rs 61.38 crore, up from FY25's Rs 265.96 crore revenue.
What happened
Rentomojo, India's largest online furniture and appliances rental/subscription D2C platform, secured Sebi approval for its Rs 150-crore IPO comprising fresh
Key facts
- Rs 150 crore IPO
- 28 million shares OFS
- 42-47% market share
- 227,511 subscribers
- 22 cities
- 67 experience stores
- 728,773 live products
- H1FY26 revenue Rs 176.61 crore
- H1FY26 PAT Rs 61.38 crore
- FY25 revenue Rs 265.96 crore
- FY25 PAT Rs 43.11 crore
What to watch
- Anchor investor allocation and QIB subscription multiple on Day 1
- H2FY26 revenue/PAT trajectory to confirm profitability is durable not seasonal
- Subscriber churn and unit-economics disclosures in RHP
- Broader IPO market sentiment and secondary-market volatility at launch window
- Debt-repayment vs capex split from fresh-equity use
- Rentomojo finalizes price band and anchor book, courting subscription-economy and D2C funds
- Existing PE/VC backers signal exit intent via OFS sizing disclosures
- Competitors (Furlenco, CityFurnish) accelerate fundraising or pricing moves to defend share
- Company expands experience-store and warehouse footprint ahead of listing to justify growth narrative