Rentomojo Limited
RHP · filed 04 Sept 2026
Rentomojo Limited operates a business that derives approximately 98% of its revenue from renting furniture and appliances. The company is not loss-making, reporting a revenue of Rs 386.99 crore and a profit of Rs 104.30 crore in the latest fiscal year, with a revenue CAGR of 41.71%. The IPO consists of a fresh issue of Rs 150.00 crore with no offer for sale. The draft prospectus highlights high-severity risks related to the company's heavy reliance on a limited network of vendors and third-party contract manufacturers, as well as its dependence on consumer spending and economic conditions.
What stands out
Risk factor. The Company derives 97.90%, 98.20% and 98.19% of its revenue from operations from renting furniture and appliances for Fiscal 2026, 2025 and 2024 respectively. Consequently, any decline in the demand for renting such products may adversely affect the business, results of operations, financial condit
Risk factor. The Company depends on a large network of vendors and third-party contract manufacturers. There is a concentration risk where a small number of vendors account for a significant portion of total capital and operational expenses (12.18%, 13.70% and 15.21% for Fiscal 2026, 2025 and 2024 respectively).
Risk factor. The Company's business is dependent on factors impacting consumer spending such as general economic conditions, levels of employment, disposable consumer income, inflationary trends, government policies and consumer confidence. Unfavourable economic conditions could cause subscribers to forgo rentin
Primarily fresh capital. 100% of the offer is fresh issue, so most proceeds fund the company.
Strong revenue growth. Restated revenue CAGR of 41.7%.
Healthy return on equity. ROE of 35.3%.
How the offer is structured
Fresh issue
₹150 Cr
New capital into the company
OFS share
0%
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company₹70.0 Cr
- Payment of lease rental/ license fee for our warehouses and experience stores (Premises)₹42.5 Cr
- General corporate purposes
Restated financials
Revenue
₹387 Cr
Latest fiscal year
Profit after tax
₹104 Cr
Revenue CAGR
41.7%
Return on equity
35.3%
Debt / equity
0.63
PAT CAGR
115.7%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2024 | ₹193 Cr | ₹22.4 Cr | ₹140 Cr | |
| 2025 | ₹266 Cr | ₹43.1 Cr | ₹184 Cr | |
| 2026 | ₹387 Cr | ₹104 Cr | ₹296 Cr |
Risks the company discloses
The Company derives 97.90%, 98.20% and 98.19% of its revenue from operations from renting furniture and appliances for Fiscal 2026, 2025 and 2024 respectively. Consequently, any decline in the demand for renting such products may adversely affect the business, results of operations, financial condition and cash flows.(Revenue Concentration)
The Company depends on a large network of vendors and third-party contract manufacturers. There is a concentration risk where a small number of vendors account for a significant portion of total capital and operational expenses (12.18%, 13.70% and 15.21% for Fiscal 2026, 2025 and 2024 respectively). Disruptions in supply, quality issues, or discontinuation of supply by these vendors could adversely affect the business.(Supply Chain)
The Company relies on a limited number of third-party contract manufacturers for the manufacture of furniture and appliances. If these manufacturers choose not to manufacture products on commercially acceptable terms or fail to maintain quality standards, the Company may not be able to supply branded products to subscribers, adversely affecting its business.(Supply Chain)
The Company's business is dependent on factors impacting consumer spending such as general economic conditions, levels of employment, disposable consumer income, inflationary trends, government policies and consumer confidence. Unfavourable economic conditions could cause subscribers to forgo renting products, resulting in lower renewal rates, fewer new agreements, and decreases in collections.(Macroeconomic)
The Company's growth is dependent on its ability to retain existing subscribers and attract new subscribers. If the Company fails to retain subscribers or attract new ones, its business, results of operations, financial condition and cash flows may be adversely affected.(Customer Acquisition)
The Company relies on a limited number of suppliers for third-party contract manufacturers. If the Company is unable to find a suitable replacement manufacturer who will manufacture products according to requirements and commercial terms, it may not be able to supply branded products to subscribers.(Supply Chain)
The Company's margins could be impacted by higher supply or operating costs or increasing cost of raw materials passed on by vendors and third-party manufacturers.(Cost Management)
If vendors or third-party suppliers cease operations or experience interruptions due to factors such as work stoppages, production disruptions, product quality issues, non-compliance with regulatory requirements, outbreaks of diseases or pandemics, adverse weather conditions or natural disasters, the Company's ability to supply products to subscribers could be adversely affected.(Supply Chain)
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

