Rentomojo raises ₹376 crore from anchors ahead of ₹1,256 crore IPO

Bengaluru-based furniture and appliance rental platform Rentomojo allotted 93.08 lakh shares to anchor investors at ₹404 each, implying a valuation of about ₹4,200 crore. Its IPO, comprising a ₹150 crore fresh issue and ₹1,105.6 crore OFS, opens September 9.

— Source publishedWed, 9 Sept, 2026, 11:35 IST·First seen Wed, 9 Sept, 2026, 11:40 IST·Source Entrackr · Newsletter

What happened

Bengaluru furniture and appliance rental platform Rentomojo raised Rs 376.07 crore from anchor investors at Rs 404 per share ahead of its Rs 1,255.6 crore IPO,

Key facts

  • Rs 376.07 crore anchor investment
  • 93.08 lakh equity shares
  • Rs 404 per share
  • around Rs 4,200 crore valuation
  • Rs 1,255.6 crore IPO size
  • Rs 150 crore fresh issue
  • Rs 1,105.6 crore OFS
  • 2.73 crore OFS shares
  • FY26 revenue Rs 387 crore, up 45.5% YoY
  • FY26 PAT Rs 104.2 crore, up 142% YoY

Why this matters

Rentomojo’s IPO establishes a public-market valuation benchmark for furniture and appliance rental platforms, potentially sharpening partnership, acquisition and consolidation discussions across the category.

What to watch

  • IPO subscription levels across QIB, HNI, and retail buckets versus anchor demand.
  • Listing premium or discount relative to the ₹404 issue price and subsequent trading liquidity.
  • Fresh-issue deployment plan and whether proceeds fund growth assets versus debt reduction or working-capital needs.
  • Quarterly trends in active subscribers, average order value, renewal rate, utilization, customer-acquisition cost, contribution margin, and EBITDA.
  • Credit losses, damage/default rates, asset write-downs, refurbishment expense, and inventory aging.
  • Competitive responses from organized furniture, consumer-durable, marketplace, and quick-delivery platforms.
  • Lock-up expiries and OFS-related shareholder selling pressure after listing.
  • Use fresh-issue proceeds to expand rentable inventory, logistics hubs, repair/refurbishment operations, and technology infrastructure.
  • Emphasize customer cohort retention, subscription renewals, inventory utilization, contribution margins, and bad-debt controls during roadshows and post-listing disclosures.
  • Anchor investors and incoming public shareholders are likely to demand clearer reporting on asset depreciation, replacement cycles, maintenance costs, and cash conversion.
  • Incumbent furniture, appliance, and e-commerce retailers may test rental, rent-to-own, exchange, and certified-refurbished offerings in major urban markets.
  • Potential post-listing consolidation could emerge among regional rental operators, logistics providers, and refurbishment partners.

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