E-marketplace Rentomojo Limited has filed its Draft Red Herring Prospectus with Sebi for an Initial Public Offering (IPO), aiming to raise Rs 150 crore through fresh equity issuance. The company, a leader in the home furniture and appliance rental segment, plans to utilize the proceeds for debt repayment, lease rentals, and general corporate purposes.

Rentomojo IPO: Furniture e-marketplace files DRHP with Sebi; to raise Rs 150 crore from fresh issue

Synopsis

E-marketplace Rentomojo Limited has filed its Draft Red Herring Prospectus with Sebi for an Initial Public Offering (IPO), aiming to raise Rs 150 crore through fresh equity issuance. The company, a leader in the home furniture and appliance rental segment, plans to utilize the proceeds for debt repayment, lease rentals, and general corporate purposes.

E-marketplace Rentomojo Limited has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO). The company plans to raise Rs 150 crore via the issue of fresh equity.

The public offer will be a mix of issuing fresh shares and an offer for sale (OFS) where existing shareholders will offload up to 28,399,567 equity shares.

About Rentomojo

Rentomojo is an online rental and subscription platform for home furniture and appliances. Its promoter is Geetansh Bamania.

The company operates a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and home appliances in India. The DRHP claims that the company is a market leader in this segment with an estimated 42%–47% share in the organised home furniture and appliances rental segment (excluding water purifiers) based on subscription revenue in the fiscal of 2025, with 2,27,511 live subscribers across 22 cities as of September 30, 2025, supported by a scaled service network that includes 21 warehouses and approximately 444,486 sq. ft. of warehousing space.

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The company quoted a Redseer report to back its claims.

It operates an omni-channel platform comprising its online interface and 67 experience stores across India (as of September 30, 2025), offering flexible subscription access to furniture and appliances across a portfolio of 728,773 live products.

Also read: IPO Calendar: No fresh issues next week; Coal India subsidiary, 6 more companies set to debut

Rentomojo financials

The company’s revenue from operations stood at Rs 176.61 crore for the six months ended September 30, 2025, and Rs 266 crore for fiscal 2025, while restated profit after tax was at Rs 61.38 crore for the six months ended September 30, 2025 and Rs 43.11 crore for FY25.

IPO proceeds

The company has proposed to utilise the net proceeds from the initial public offer for multiple purposes, including the repayment or prepayment, in full or in part, of certain outstanding borrowings along with the accrued interest thereon availed by the company; the payment of lease rentals or license fees for its warehouses and experience stores (referred to as the “Premises”); and general corporate purposes.

Following its IPO, the stock will be listed on the NSE and BSE.

Lead managers

Motilal Oswal Investment Advisors Limited, Axis Capital Limited, and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the Book Running Lead Managers to the issue.

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