Rentomojo secures SEBI nod for Rs 150 Cr IPO with 28.4M share OFS

Furniture and appliance rental D2C platform Rentomojo cleared SEBI for a Rs 150 crore fresh issue plus a 28.4 million share OFS. It runs 67 experience stores across 22 cities and 21 warehouses, claiming 42-47% of the organised rental market with 227,511 live subscribers.

— FiledMon, 6 Jul, 2026, 18:44 IST·First seen Mon, 6 Jul, 2026, 18:43 IST·Source Entrackr

What happened

Furniture and appliance rental D2C platform Rentomojo received SEBI approval for its Rs 150 crore IPO plus OFS of 28.4 million shares. It operates 67 experience

Key facts

  • Rs 150 crore fresh issue
  • 28.4 million equity shares OFS
  • 227,511 live subscribers
  • 22 cities
  • 67 experience stores
  • 21 warehouses
  • 728,773 live products
  • 42-47% market share
  • H1FY26 revenue Rs 176.61 crore
  • H1FY26 PAT Rs 61.38 crore
  • FY25 revenue Rs 265.96 crore
  • FY25 PAT Rs 43.11 crore

Why this matters

Rentomojo's claimed 42-47% share of the organised furniture rental market makes it the anchor consolidation target or partner in a still-fragmented D2C rental category.

What to watch

  • Anchor book quality and QIB subscription multiple
  • Subscriber churn and retention disclosures in RHP
  • Sustainability of H1FY26 margins into H2
  • Competitive response from Furlenco and unorganised rental players
  • Broader IPO market sentiment and grey-market premium
  • File RHP with final price band and anchor allocation
  • Roadshows emphasizing profitability inflection and unit economics per subscriber
  • Expand experience-store footprint and warehouse network to defend market-share claim
  • Selling shareholders (OFS holders) lock in partial exits while retaining strategic stake

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