SEBI clears RentoMojo IPO: ₹150-cr fresh issue plus 2.8-cr-share OFS
Bengaluru-based furniture and appliance rental D2C startup RentoMojo gets SEBI nod for its IPO, comprising a ₹150 crore fresh issue and a 2.8 crore-share offer for sale. Proceeds are earmarked for debt repayment, warehouse and experience-store leases, and general corporate purposes. Manipal Health also cleared alongside.
What happened
Rentomojo · SEBI cleared IPOs including Bengaluru-based furniture and appliance rental D2C startup RentoMojo, which plans ₹150 crore fresh issue plus OFS.
Key facts
- ₹150 crore fresh issue
- 2.8 crore OFS shares
- ₹8,000 crore Manipal fresh issue
- 4.32 crore Manipal OFS shares
Why this matters
RentoMojo's cleared listing sets a public valuation benchmark for D2C furniture-and-appliance rental, opening comparables for M&A and partnership conversations across the asset-light rental space.
What to watch
- RHP filing and price band announcement
- Anchor-book subscription levels
- Grey market premium (GMP) trends
- QIB vs retail subscription split on issue days
- Rental churn and asset-utilization disclosures
- Broader primary-market sentiment / peer IPO listings
- Finalize RHP with price band and updated financials
- Line up anchor investors ahead of book-build
- Accelerate experience-store lease signings to validate expansion thesis
- Repay high-cost debt to improve pre-listing margins
- Rivals (Furlenco, Rentomojo peers) tighten pricing and retention offers