NEW DELHI: Rentomojo Ltd, an online rental and subscription platform for home furniture and appliances, has submitted preliminary documents to the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
The proposed IPO includes a fresh issue of equity shares worth up to Rs 150 crore, alongside an offer-for-sale (OFS) of up to 2,83,99,567 equity shares by existing shareholders, as detailed in the Draft Red Herring Prospectus (DRHP) filed on Friday.
The company intends to utilize the proceeds from the fresh issue to clear outstanding debt, cover lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes.
Founded by Geetansh Bamania, Rentomojo operates a technology-driven, full-stack direct-to-consumer (D2C) platform providing rental and subscription services for furniture and home appliances throughout India.
According to a Redseer report cited in the DRHP, Rentomojo is identified as the leading player in the organized online rental segment for furniture and appliances, holding an estimated market share of 42-47 per cent based on subscription revenue for the fiscal year 2025.
As of September 30, 2025, the platform served over 2.27 lakh active subscribers across 22 cities, supported by a network of 21 warehouses.
Financially, the company reported revenue from operations of Rs 265.96 crore for the full fiscal year 2025, with a profit after tax amounting to Rs 43.11 crore for the same period.
Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services have been appointed as the book-running lead managers for the issue.
The Chenab Times News Desk