Rentomojo Files Draft Prospectus for Rs 150 Crore IPO Backed by Accel and ValueQuest

Rentomojo Files Draft IPO Documents with SEBI

Rentomojo, a leading online rental solution provider for home furniture and appliances, has filed a draft document with the Securities and Exchange Board of India (SEBI) to raise funds via an Initial Public Offering (IPO).

Key Highlights:

• The Bengaluru-based company proposes to raise Rs 150 crore by issuing fresh shares.
• Existing shareholders will sell up to 2.83 crore equity shares via an Offer-for-Sale (OFS).
• Accel India, Edelweiss Discovery Fund, ValueQuest, Madison India, Chiratae Ventures, and GMO Payment Gateway along with promoter Geetansh Bamania will be selling shareholders in the OFS.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Shareholding Structure:

• Promoters hold 21.51 percent stake in Rentomojo.
• Public shareholders own 73.66 percent shares.
• Employee trusts hold 4.83 percent shares.

Accel India IV (Mauritius) is the largest public shareholder with a 20.92 percent stake, followed by Edelweiss Discovery Fund (10.53 percent shares), Chiratae Ventures (10.28 percent), and ValueQuest (8.92 percent shares).

Utilization of Proceeds:

Read also: Zepto Nears $1 Billion Quarterly Net Order Value Milestone Before IPO

• Rs 70 crore of proceeds from the net fresh issue will be utilized for repaying certain outstanding borrowings.
• Rs 42.5 crore will be used for payment of lease rental/license fee for warehouses and experience stores.
• The remaining funds will be used for general corporate purposes.

Industry Outlook:

• The home furniture and appliances rental industry in India is a total addressable market (TAM) of approximately Rs 69,520 crore in CY2025.
• The industry is expected to grow at a compounded annual growth rate (CAGR) of approximately 11 percent to reach approximately Rs 1,17,210 crore by CY2030.

Financial Performance:

• Rentomojo has recorded healthy financial performance with profit growing 92.3 percent to Rs 43.1 crore in the year ended March 2025 from Rs 22.4 crore in the previous year.
• Revenue during the same period increased 38 percent to Rs 266 crore from Rs 192.7 crore.
• Profit for the six months period ended September 2025 was Rs 61.3 crore on revenue of Rs 176.6 crore.

IPO Details:

• Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services have been appointed as the merchant bankers for managing the Rentomojo IPO.