Furniture and appliances rental platform Rentomojo Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI, marking its intent to launch an initial public offering.
The proposed IPO includes a fresh issue of up to ₹1,500 million (₹150 crore) along with an Offer for Sale of up to 28,399,567 equity shares. Each share carries a face value of ₹1. The company is promoted by Geetansh Bamania.
Rentomojo operates a full-stack, technology-driven D2C platform and is the market leader in India’s organised rental segment for furniture and appliances, with a 42%–47% market share based on Fiscal 2025 subscription revenue.
As of September 30, 2025, the company had 227,511 subscribers across 22 cities, supported by 21 warehouses and 67 experience stores. Its product portfolio includes 728,773 live items.
The company’s revenue from operations stood at ₹1,766.09 million for the six months ended September 30, 2025, and ₹2,659.59 million for Fiscal 2025. Profit after tax was ₹613.75 million for the six-month period and ₹431.06 million for the full fiscal year.
Net proceeds from the IPO will be used for repayment or prepayment of borrowings, payment of lease rentals and license fees, and general corporate purposes. The shares are proposed to be listed on BSE and NSE.
Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services are acting as book-running lead managers.
