Though various companies are becoming public through the IPO process, one of the leading companies, Rentomojo, backed by investors like Accel, Edelweiss, ValueQuest, and Chiratae Ventures, filed draft papers with the Securities and Exchange Board of India on March 27 to launch its IPO.Â
Rentomojo IPO detailsÂ
Rentomojo plans for an IPO worth â‚ą150 crore via a fresh issue. In the OFS process, the company’s shareholders will offload up to 2.83 crore equity shares through an offer-for-sale. Â
Investors such as Accel India, Edelweiss Discovery Fund, ValueQuest, Madison India, Chiratae Ventures, and GMO Payment Gateway, along with promoter Geetansh Bamania, will be selling their shares in this offer.
Rentomojo may raise up to â‚ą30 crore before the IPO through a pre-IPO round, and this amount will be included in the total fresh issue.
Rentomojo IPO fund deploymentÂ
Rentomojo, which runs an online rental platform for furniture and appliances in India, plans to use â‚ą70 crore from its IPO fresh issue to:
- Repay some loans
- Pay â‚ą42.5 crore for payment of lease rental/ license fee for warehouses and experience stores, and the remaining funds for general corporate purposes.Â
As of January 2026, it had total outstanding borrowings of â‚ą179.5 crore, on a consolidated basis.
Rentomojo IPO lead managers
Rentomojo has appointed Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services as merchant bankers to manage its IPO.
Rentomojo promoter’s holdings in the company
Promoters own 21.51% of Rentomojo, public investors 73.66%, and employees (through trusts) 4.83%. Further, Accel India IV (Mauritius) shareholders with 20.92%, Edelweiss Discovery Fund with 10.53%, Chiratae Ventures with 10.28%, and ValueQuest (8.92% shares).
Rentomojo IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Rentomojo Company Financial Report
Amount â‚ą in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | â‚ą123.87 | â‚ą119.46 | â‚ą4.41 |
| 2024 | â‚ą195.80 | â‚ą173.39 | â‚ą22.41 |
| 2025 | â‚ą271.96 | â‚ą228.86 | â‚ą43.11 |
| Sep 2025 | â‚ą178.79 | â‚ą150.26 | â‚ą61.38 |
Rentomojo IPO Valuation – FY2025
Rentomojo IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | â‚ą4.31 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.67% |
| Net Asset Value (NAV): | â‚ą17.81 |
Peer Group Comparison
- There are no listed companies.
Objects of the Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company;
- Payment of lease rental/ license fee for the warehouses and experience stores (“Premises”); and
- General corporate purposes.
