Rentomojo Wins SEBI Nod for IPO with Rs 150 Crore Fresh Issue
The furniture and appliances rental platform received SEBI approval for an IPO combining a Rs 150 crore fresh issue and a 2.84 crore share OFS. Backed by Accel, Chiratae, Edelweiss and Bain Capital, the profitable firm posted Rs 265.96 crore FY25 revenue and Rs 43.11 crore PAT across 22 cities.
What happened
Rentomojo, a D2C online furniture and home appliances rental platform, received SEBI approval for its IPO comprising a Rs 150 crore fresh issue plus OFS, backed
Key facts
- Rs 150 crore fresh issue
- 2.84 crore equity shares OFS
- 227,511 live subscribers
- 22 cities
- 21 warehouses
- 4.44 lakh sq ft
- 67 experience stores
- 7.28 lakh live products
- Rs 265.96 crore FY25 revenue
- Rs 43.11 crore PAT
Why this matters
A profitable rental-commerce IPO with credible marquee backers sets a public benchmark and potential consolidation trigger for the fragmented furniture-and-appliances leasing space.
What to watch
- Final RHP disclosing valuation, price band and OFS-to-fresh ratio
- Anchor book subscription and QIB demand on Day 1
- FY26 interim revenue/PAT trajectory and unit-economics per city
- Secondary-market IPO sentiment and recent new-age listing performance
- Depreciation and asset-utilization metrics revealing rental-model durability
- Rentomojo finalizes price band and anchor-investor book emphasizing profitability narrative
- Existing backers (Accel, Chiratae, Edelweiss, Bain) confirm OFS tranche sizes and lock-in terms
- Company accelerates city expansion and inventory-financing arrangements ahead of roadshows
- Peers in rental/subscription commerce reassess their own listing timelines