Rentomojo sets ₹384–404 IPO price band; issue opens Sept. 9
Furniture and appliance rental platform Rentomojo will raise up to ₹150 crore through a fresh issue alongside an offer for sale of up to 2.84 crore shares. Proceeds are earmarked for debt repayment, warehouse and experience-store lease costs, and general corporate purposes.
What happened
Indian furniture and appliance rental platform Rentomojo set its IPO price band at Rs 384-404. Fresh proceeds will fund debt repayment, warehouse and
Key facts
- IPO price band: Rs 384-404 per share
- Fresh issue: up to Rs 150 crore
- Offer for sale: up to 28,399,567 equity shares
- IPO subscription: September 9-11
- Anchor portion: September 8
- Estimated India organised rental-segment share: 42%-47% in FY2025
- Live subscribers: 227,511 as of September 30, 2025
- Cities served: 22
- Warehouses: 21
- Warehouse area: about 444,486 sq ft
- Experience stores: 67
- Live products: 728,773
- H1 FY2026 revenue: Rs 176.61 crore
- H1 FY2026 PAT: Rs 61.38 crore
- FY2025 revenue: Rs 265.96 crore
- FY2025 PAT: Rs 43.11 crore
Why this matters
Rentomojo’s move toward a public listing could strengthen its capital access and raise competitive pressure on rental, recommerce, and home-furnishing platforms.
What to watch
- Subscription levels across QIB, HNI and retail investor categories and the extent of any anchor-book participation.
- Listing premium or discount versus the ₹384–404 price band and trading liquidity in the first month.
- Actual allocation of fresh-issue proceeds between debt repayment, warehouses, experience-store leases and general corporate purposes.
- Post-listing disclosures on debt, finance costs, lease liabilities, operating cash flow and inventory turns.
- Growth in active rentals and repeat customers relative to customer-acquisition costs and churn.
- Same-city delivery economics, refurbishment losses, asset recovery rates and warehouse utilization.
- Any reduction in discretionary spending or housing/mobility slowdown in the 22-city operating footprint.
- Use IPO proceeds first for debt reduction to lower interest burden and improve reported profitability.
- Expand warehouse capacity and experience stores selectively in high-density catchments where delivery, refurbishment and reverse-logistics costs are lowest.
- Increase investor disclosure around active subscribers, average order value, tenure, churn, recovery rates, inventory utilization, refurbishment expense and contribution margin.
- Use public-company visibility to negotiate better procurement terms, landlord concessions and financing arrangements.
- Defend against furniture retailers, marketplaces and quick-commerce-adjacent entrants through bundled appliance-plus-furniture subscriptions, upgrade options and corporate rental partnerships.