Rentomojo Files Draft Papers with Sebi for IPO; Plans Rs 150

Rentomojo Ltd, an online rental and subscription platform for home furniture and appliances, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹150 crore and an offer-for-sale (OFS) of up to 2,83,99,567 equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Friday.

The company proposes to utilise the proceeds from the fresh issue towards payment of debt, lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes.

Founded by Geetansh Bamania, the company operates a technology-driven, full-stack direct-to-consumer (D2C) platform offering rental and subscription services for furniture and home appliances across India.

Rentomojo is the largest player in the organised online rental segment for furniture and appliances, with an estimated market share of 42-47% based on subscription revenue in FY2025, as per a Redseer report cited in the draft papers.

As of September 30, 2025, the company had over 2.27 lakh live subscribers across 22 cities, supported by a network of 21 warehouses.