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IPO · Commerce & Consumer Brands

Rentomojo files for Rs 150 crore IPO on BSE and NSE

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RentoMojo logo
Date
Company
RentoMojo
What it does
Furniture and appliance rental platform
Kind
IPO
Amount
Rs 150 crore
Stage
IPO
Founded
2014
Sector
Commerce & Consumer Brands

What they do

Rentomojo is a technology-driven direct-to-consumer rental and subscription platform for furniture and home appliances

What happened

The company received SEBI observations for its proposed initial public offering (a process where shares are offered to the public for the first time) with a…

Why it matters

Rentomojo holds an estimated 42%-47% market share in the organized home furniture and appliances rental market by subscription revenue in FY25

The details

  • Rentomojo has received SEBI observations for its proposed initial public offering (IPO).
  • The company plans a fresh issue of Rs 150 crore through new shares.
  • Existing shareholders may sell up to 28.4 million equity shares via Offer for Sale (OFS).
  • Proceeds will be used to repay borrowings and pay lease rentals for warehouses and experience stores.
  • The IPO aims to list on both the BSE and NSE stock exchanges.
  • Former co-founder Ajay Nain filed an NCLT petition earlier this year to halt the IPO.
  • Geetansh Bamania remains the promoter of the company.
  • Motilal Oswal, Axis Capital, and IIFL Capital serve as book running lead managers.

The bigger picture

  • Rentomojo dominates the organized rental market with an estimated 42%-47% market share.
  • The company reported strong profitability with Rs 61.38 crore profit after tax in H1 FY26.
  • It serves 227,511 live subscribers across 22 cities as of September 2025.
  • The business model relies on a large portfolio of 728,773 live products.

About the business

  • Rentomojo operates a technology-driven direct-to-consumer rental platform.
  • It offers subscriptions for furniture and home appliances.
  • The company maintains 67 experience stores and 21 warehouses.
  • It serves customers in 22 cities across India.
  • Revenue from operations was Rs 176.61 crore in the six months ended September 2025.
  • Profit after tax reached Rs 61.38 crore in the same period.
  • Full-year revenue for FY25 stood at Rs 265.96 crore.
  • FY25 profit after tax was Rs 43.11 crore.
  • The company uses funds to pay lease rentals and licence fees for its infrastructure.

What happens next

  • The company intends to list on the BSE and NSE.
  • It plans to use proceeds to repay borrowings and fund corporate purposes.

The deal

Type
IPO

Investors

  • Motilal Oswal Investment Advisors (lead) — Book running lead manager for the IPO.
  • Axis Capital (co-lead) — Book running lead manager for the IPO.
  • IIFL Capital Services (co-lead) — Book running lead manager for the IPO.

Founders

  • Geetansh Bamania, Promoter

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