Rentomojo Limited has filed its Draft Red Herring Prospectus with SEBI for an IPO that includes a fresh issue of ₹1,500 million and an Offer for Sale of up to 28,399,567 equity shares.
Promoted by Geetansh Bamania, the company operates a technology-driven rental platform for furniture and appliances and holds a leading position in the organised rental market with a 42%–47% share.
As of September 30, 2025, Rentomojo had 227,511 subscribers across 22 cities. Its operations are supported by 21 warehouses and 67 experience stores, with a total warehousing space of approximately 444,486 sq. ft.
The company offers 728,773 live products through its omni-channel platform and follows an 11-touchpoint lifecycle model, covering processes from order placement to reverse logistics.
Financially, Rentomojo reported revenue of ₹1,766.09 million for the six months ended September 30, 2025, and ₹2,659.59 million for Fiscal 2025. Profit after tax stood at ₹613.75 million for the six-month period and ₹431.06 million for Fiscal 2025.
The proceeds from the IPO will be utilised for debt repayment, lease payments, 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 the lead managers for the issue.
