RentoMojo secures ₹376 crore from anchor investors ahead of IPO
Furniture and appliance rental platform RentoMojo allotted 93.1 lakh shares to 41 anchor investors at ₹404 each. The IPO, priced at ₹384-₹404, includes a fresh issue of up to ₹150 crore and an offer for sale of up to 2.7 crore shares.
What happened
Rentomojo · Furniture and appliance rental platform RentoMojo raised ₹376.1 crore from 41 anchor investors at ₹404 per share ahead of its IPO. The issue
Key facts
- ₹376.1 crore raised from anchor investors
- 93.1 lakh equity shares allotted to 41 anchor investors
- ₹404 per share
- Domestic mutual funds bought 60.4 lakh shares worth ₹244.1 crore
- Fresh issue up to ₹150 crore
- OFS up to 2.7 crore shares
- IPO price band ₹384-₹404
- Implied valuation ₹4,206 crore (about $445.1 million)
Why this matters
The IPO proceeds and public-market profile could strengthen RentoMojo’s capacity for category expansion, asset acquisition and strategic partnerships in rental commerce.