Rentomojo secures SEBI nod for IPO with ₹150 crore fresh issue plus OFS
Bengaluru furniture and appliance rental startup Rentomojo has cleared SEBI review for its IPO, pairing a ₹150 crore fresh issue with a 2.84 crore-share OFS. The company leads India's organised home rental segment with 42%-47% share, 67 experience stores and 728,773 live products, posting FY25 revenue of ₹265.96 crore and PAT of ₹43.11 crore.
What happened
Furniture and appliance rental D2C startup Rentomojo received SEBI approval for its IPO, comprising a ₹150 crore fresh issue and an OFS. The Bengaluru firm runs
Key facts
- ₹150 crore fresh issue
- 28,399,567 OFS shares
- 42%-47% market share
- 67 experience stores
- 728,773 live products
- revenue ₹265.96 crore FY25
- PAT ₹43.11 crore FY25
Why this matters
Rentomojo's dominant organised-rental share and public-market debut set a valuation benchmark and potential consolidation anchor for the fragmented furniture-and-appliance rental space.
What to watch
- Final price band and implied revenue/PAT multiple vs listed consumer peers
- Subscription levels across QIB, HNI, retail on day 1-3
- Anchor investor quality and lock-in commitments
- FY26 quarterly revenue growth and asset-utilization/churn metrics
- Broader IPO market sentiment and Nifty volatility at launch window
- Anchor book-building and roadshows targeting DIIs and consumer-focused funds
- Deploy fresh proceeds toward store expansion beyond 67 experience stores and tech/logistics
- Competitor response from Furlenco and unorganised players on pricing and inventory
- Post-listing push into new categories and tier-2 city density