RentoMojo sets ₹384–₹404 IPO band for ₹1,255.6 crore issue
Furniture and appliance rental platform RentoMojo has set a ₹384–₹404 per-share price band for its IPO. The issue includes a ₹150 crore fresh issue and an OFS of up to 2.7 crore shares; fresh proceeds are earmarked partly for debt repayment and store or warehouse rental and licence payments.
What happened
Rentomojo · Indian furniture and appliance rental platform RentoMojo set a ₹384-₹404 IPO price band for a ₹1,255.6 crore issue. Fresh proceeds include debt
Key facts
- IPO price band: ₹384-₹404 per share
- Issue size at upper band: ₹1,255.6 crore
- Fresh issue: ₹150 crore
- OFS: up to 2.7 crore shares worth ₹1,105.6 crore
- Post-offer market capitalisation: ₹4,206.3 crore
- Fresh proceeds for debt repayment: ₹70 crore
- Fresh proceeds for store/warehouse rental or licence payments: ₹42.5 crore
- 20 warehouses
- 82 offline stores
- 29 cities
- 8.5 lakh live items
- 2.5 lakh live subscribers
- FY26 PAT: ₹104.3 crore, up 142%
- FY26 operating revenue: ₹387 crore, up 45.5%
- FY26 EBITDA: ₹163.5 crore, up 38%
- FY26 EBITDA margin: 41.5%
Why this matters
A listed, better-capitalized RentoMojo could become a more formidable acquisition partner or competitor, increasing pressure on rental-commerce peers to build scale, logistics density, and financing capacity.
What to watch
- Subscription levels, active customer growth and average rental tenure after listing.
- Debt reduction achieved and resulting interest-cost savings.
- Warehouse/store lease commitments relative to revenue growth and capacity utilization.
- Contribution-margin trend after delivery, refurbishment, damage and customer-acquisition costs.
- Inventory utilization, asset write-offs, resale recovery and churn rates.
- IPO subscription, listing performance and the proportion of OFS versus fresh capital demand.
- Competitive response from furniture retailers, e-commerce marketplaces and other rental platforms, especially discounts and bundled offerings.
- Use fresh-issue proceeds first to reduce higher-cost debt and extend liquidity runway.
- Concentrate warehouse and store spending in high-density service zones where delivery, collection and refurbishment routes can be consolidated.
- Increase mix of higher-margin appliance bundles, long-tenure subscriptions and corporate or managed-housing partnerships.
- Build tighter refurbishment, resale and asset-tracking capabilities to improve residual-value recovery and reduce losses from damaged or idle inventory.
- Use public-company disclosure and IPO marketing to strengthen vendor credit terms and recruit institutional customers.