Rentomojo IPO filing and growth.
Furniture and appliance rental startup Rentomojo has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO comprises a fresh issue of shares worth up to INR 150 Cr and an offer for sale (OFS) of up to 2.84 Cr shares.
Investors including Accel, Chiratae, Edelweiss MF, and GMO Venture plan to offload shares via the OFS. Rentomojo cofounder Geetansh Bamania intends to sell up to 20.07 Lakh shares via the IPO.
The company will use the proceeds from the fresh issue to expand its offline presence, set up warehouses, repay certain debt, and for general corporate purposes.
In the six months ended September 30, 2025 (H1 FY26), Rentomojo’s profit after tax stood at INR 61.4 Cr, with operating revenue for the period at INR 176.6 Cr.
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