RentoMojo targets Rs 1,256 crore IPO as India readies 16 public offers
Furniture-and-appliance rental platform RentoMojo is set to lead a busy IPO week with a Rs 1,256 crore issue, comprising Rs 150 crore in fresh shares and a Rs 1,106 crore offer for sale. Fashion retailer Purple Style Labs and jeweller Deepa Jewellers are also slated to list.
What happened
Rentomojo · India’s IPO market will see 16 offers targeting about Rs 7,200 crore this week, led by RentoMojo. The pipeline also flags a prospective Rs 37,000
Key facts
- Rs 7,200 crore targeted across 11 main-board and five SME IPOs
- RentoMojo: Rs 1,256 crore IPO, including Rs 150 crore fresh issue and Rs 1,106 crore OFS
- Jio Platforms: about Rs 37,000 crore planned IPO
- NSE: estimated Rs 30,000 crore IPO
- Purple Style Labs, Rays of Belief and Deepa Jewellers slated to list
Why this matters
The public-market pipeline creates new valuation benchmarks and potential partnership or acquisition opportunities across rental, fashion and jewellery retail as founders and early backers seek liquidity.