SEBI clears IPOs for Rentomojo, Cult.fit, Zetwerk, Tonbo, Moneyview

SEBI has approved a batch of startup IPOs, including furniture and appliance rental marketplace Rentomojo (₹150 Cr fresh issue plus 2.84 Cr OFS shares) and consumer-facing Cult.fit, alongside Zetwerk ($300 Mn fresh), Tonbo Imaging, Marri Retail and Moneyview (up to ₹1,500 Cr fresh).

— Source publishedFri, 10 Jul, 2026, 17:40 IST·First seen Fri, 10 Jul, 2026, 19:20 IST·Source Inc42

What happened

SEBI cleared IPOs of several Indian startups including furniture/appliance rental marketplace Rentomojo (₹150 Cr fresh issue), Marri Retail, and consumer-facing

Key facts

  • Rentomojo: ₹150 Cr fresh issue + 2.84 Cr OFS shares
  • Moneyview: up to ₹1,500 Cr fresh + 13.61 Cr OFS shares
  • Zetwerk: $300 Mn fresh + $150 Mn OFS

Why this matters

The clearance of Rentomojo, Cult.fit, and Moneyview creates a 12-18 month pricing reference for consumer-rental and subscription assets—act now on partnerships or acquisitions before public valuations reset the market.

What to watch

  • First IPO listing-day pop or discount setting sector tone
  • Nifty/broader IPO index volatility narrowing the issuance window
  • OFS share of offering rising (signals insider exit vs growth capital)
  • Updated profitability disclosures in RHP filings
  • Grey-market premium trends for the batch
  • Track DRHP-to-RHP conversion and price-band announcements for each cleared name
  • Model unit economics for Rentomojo (asset depreciation cycle) and Cult.fit (churn, subscription retention) vs profitable Zetwerk/Moneyview
  • Watch anchor-book composition and QIB subscription multiples on the first debut
  • Position retail-desk coverage on rental/consumer discretionary comps ahead of listings

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