Rentomojo Limited is planning to launch its IPO and has submitted draft papers to market regulator SEBI.
As per the Draft Red Herring Prospectus (DRHP), the IPO will include fresh shares worth up to ₹150 crore.
Along with this, existing investors will sell up to 2.83 crore shares through an Offer-for-Sale (OFS).
The company was founded by Geetansh Bamania and operates a technology-based direct-to-consumer (D2C) platform.
It allows customers to rent furniture and home appliances across India.
Strong Position in the Rental Market
Rentomojo is one of the biggest players in the online rental segment.
According to a Redseer report mentioned in the DRHP, the company holds around 42–47% market share in the organized rental market by subscription revenue in FY2025.
The company is backed by well-known investors like Accel, Edelweiss, ValueQuest, and Chiratae Ventures.
In the OFS, promoter Geetansh Bamania and investors such as Accel India, Edelweiss Discovery Fund, ValueQuest, Madison India, Chiratae Ventures, and GMO Payment Gateway will sell part of their stake.
The company may also raise up to ₹30 crore through a pre-IPO round, which could reduce the size of the fresh issue.
Shareholding Details of the Company
Promoters currently hold 21.51% stake in the company.
Public shareholders own a major share of 73.66%, while employee trusts hold 4.83%.
Among investors, Accel India IV (Mauritius) is the largest shareholder with 20.92% stake.
Edelweiss Discovery Fund holds 10.53%, Chiratae Ventures has 10.28%, and ValueQuest owns 8.92%.
How Will the IPO Funds Be Used?
The company plans to use the money raised from the IPO for multiple purposes.
This includes repaying debt, paying lease or license fees for warehouses and experience stores, and supporting general business needs.
As of September 2025, Rentomojo had over 2.2 lakh active subscribers across 22 cities and operated 21 warehouses.
Financial Performance and Key Details
For FY2025, the company reported revenue of ₹265.96 crore and a net profit of ₹43.11 crore.
For the six months ending September 2025, revenue stood at ₹176.6 crore, while profit was ₹61.3 crore.
As of January 2026, the company had a total debt of ₹179.5 crore.
The IPO will be managed by Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services.
This IPO could attract attention due to Rentomojo’s strong market position and growing demand for rental services in India.
Investors will now watch closely for further details on pricing and listing dates.
