Rentomojo Limited, the largest online rental and subscription platform for home furniture and appliances, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO).
The IPO comprises a fresh issue aggregating up to ₹1,500 million (₹150 crore) and an Offer for Sale of up to 28,399,567 equity shares. The face value of each equity share is ₹1. Geetansh Bamania is the promoter of the company.
The company operates a technology-driven, full-stack direct-to-consumer (D2C) platform and holds an estimated 42%–47% share in the organised home furniture and appliances rental segment (excluding water purifiers), based on subscription revenue in Fiscal 2025, according to a Redseer Report.
As of September 30, 2025, Rentomojo had 227,511 live subscribers across 22 cities, supported by 21 warehouses with approximately 444,486 sq. ft. of warehousing space. Its omni-channel presence includes an online platform and 67 experience stores, offering access to 728,773 live products.
The company reported revenue from operations of ₹1,766.09 million (₹176.61 crore) for the six months ended September 30, 2025, and ₹2,659.59 million (₹265.96 crore) for Fiscal 2025. Restated profit after tax stood at ₹613.75 million (₹61.38 crore) for the six-month period and ₹431.06 million (₹43.11 crore) for Fiscal 2025.
Proceeds from the issue will be used for debt repayment, lease and license payments for warehouses and stores, and general corporate purposes. The equity shares are proposed to be listed on BSE and NSE.
Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services are the book-running lead managers to the issue.