Rentomojo sets ₹384–404 IPO band, targets valuation of about ₹4,200 crore
The Bengaluru furniture-rental platform will open its IPO on September 9, with a ₹150 crore fresh issue to repay debt and fund warehouse and experience-store costs. The offer also includes an OFS of 2.74 crore shares.
What happened
Bengaluru-based furniture-rental platform Rentomojo set its IPO band at ₹384-404, targeting a ₹4,200 crore valuation. Proceeds from a ₹150 crore fresh issue
Key facts
- IPO price band: ₹384-404 per share
- Issue opens September 9; closes September 11
- Anchor portion opens September 8
- Minimum lot: 37 shares
- Minimum retail investment at upper band: ₹14,948
- Target valuation: around ₹4,200 crore
- Fresh issue: up to ₹150 crore
- Offer for sale: 2.74 crore shares
- Live subscribers: 253,825 across 29 Indian cities as of March 31, 2026
- Funding raised: more than $45 million
- FY26 profit: ₹104 crore, up 142%
- FY26 revenue: ₹387 crore, up 45.5%
- FY26 EBITDA: ₹163.5 crore, up 38%
- FY26 EBITDA margin: 41.5% versus 43.6% in FY25
Why this matters
Rentomojo’s planned listing and expansion funding could elevate it as a better-capitalized consolidator or partnership target in India’s rental, recommerce and home-furnishing ecosystem.