Rentomojo to launch ₹1,255 crore IPO on September 9
Bengaluru-based furniture and appliance rental platform Rentomojo plans a ₹1,255 crore public issue, including a ₹150 crore fresh issue. It will use proceeds partly to repay debt and fund warehouse and experience-store leases. The company operated 20 warehouses and 82 experience stores as of March 2026.
What happened
Bengaluru-based furniture and appliance rental platform Rentomojo will launch a Rs 1,255-crore IPO on September 9. Proceeds include debt repayment and
Key facts
- IPO size: Rs 1,255 crore
- Price band: Rs 384-404 per share
- Fresh issue: up to Rs 150 crore
- Offer for sale: 2.73 crore shares worth Rs 1,105.5 crore
- Debt repayment allocation: Rs 70 crore
- Warehouse and experience-store lease allocation: Rs 42.5 crore
- Total borrowings as of June 2026: Rs 258.3 crore
- 20 warehouses and 82 experience stores as of March 2026
- FY2026 revenue: Rs 387 crore, up 45.5%
- FY2026 profit: Rs 104.2 crore
Why this matters
Rentomojo’s planned public funding and expanding 20-warehouse, 82-store footprint make it a better-capitalized potential partner, competitor, or acquisition benchmark in rental and circular-living categories.
What to watch
- Anchor-book quality, subscription multiple and price-band valuation relative to revenue growth and profitability.
- Fresh-issue allocation details, debt maturity profile and pro forma leverage after the offering.
- Same-store performance and utilization at the 82 experience stores and 20 warehouses.
- Operating cash flow, refurbishment losses, inventory write-downs and lease liabilities in subsequent results.
- Competitive launches or price promotions from furniture marketplaces, large retailers and other subscription-rental providers.
- Listing-day performance and any change in expansion guidance following the public issue.
- Track IPO subscription by institutional, non-institutional and retail investors, along with the grey-market premium and final pricing.
- Assess how much of the ₹150 crore fresh issue remains after debt repayment versus warehouse, store and working-capital requirements.
- Benchmark warehouse density, store productivity, delivery reach, inventory utilization and customer acquisition costs against furniture retailers and rental-platform peers.
- Watch for post-listing expansion into new cities, additional product categories, B2B/corporate rentals and rent-to-own offerings.
- Monitor whether debt reduction improves finance costs enough to offset higher lease and depreciation expenses from physical-network growth.