Rentomojo IPO: Furniture e-marketplace files DRHP with SEBI; From fresh issue Rs. 150 crores to raise

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 through fresh equity issue raised Rs. 150 crore is planned to be raised.

The public offer will be a mix of 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 Gitansh 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. DRHP claims that the company is the market leader in the segment with an estimated 42%–47% share in the organized home furniture and appliances rental segment based on subscription revenue in FY 2025, with 2,27,511 live subscribers supported as of September 2020. A scaled service network comprising of 21 warehouses and approximately 444,486 square feet of warehousing space.

The company has cited a report from Redsear to support its claims.

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

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Rentomojo Financial

For the six months ended September 30, 2025, the company’s revenue from operations was Rs. 176.61 crore and for FY 2025 Rs. 266 crore, while Retained Profit after Tax for the six months ended September 30, 2025 was Rs. 61.38 crore and for FY Rs. 43.15 crores.

The IPO goes ahead

The Company proposes to use the net proceeds from the initial public offering for multiple purposes, including the full or partial repayment or prepayment of certain outstanding borrowings along with interest earned by the Company; the payment of lease rent or license fees for its warehouses and experience stores (referred to as the “Premises”); and general corporate purposes.

After its IPO, the stock will be listed on 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 of the issue.

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