Rentomojo Limited IPO
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
The disclosed numbers are strong — 4 of 6 signals read positive
- Strong revenue growthRevenue compounding at 41.7% across the reported years
- Profit growth outpaces salesPAT up 115.7% a year against revenue at 41.7% — check whether that is operating leverage or a one-off before extrapolating it
- High return on equityROE of 35.3%
- Conservative balance sheetDebt/equity of 0.63×
- Fresh capital for the business100.0% of the issue is fresh capital raised by the company itself
- Proceeds mostly repay debt₹70 Cr of the ₹150 Cr raised repays borrowings — deleveraging rather than expansion
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens09 Sept 2026
- Closes11 Sept 2026
- Allotment15 Sept 2026
- Listing17 Sept 2026
The offering
Terms, structure and who is selling
What the money is for
Stated use of the net proceeds
- 01Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company₹70 Cr
- 02Payment of lease rental/ license fee for our warehouses and experience stores (Premises)₹42.5 Cr
- 03General corporate purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 192.701 | — | 22.412 | 139.605 | — |
| 2025 | 265.959 | — | 43.106 | 183.61 | — |
| 2026 | 386.988 | — | 104.299 | 295.807 | — |
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumThe Company derives most of its revenues from renting furniture and appliances (97.90%, 98.20% and 98.19% of revenue from operations for Fiscals 2026, 2025 and 2024, respectively). Consequently, any decline in the demand for renting such products may adversely affect the business, results of operati
mediumThe Company depends on a large network of vendors to offer high quality products for rental. The contribution of the top five asset suppliers to total capital and operational expenses was 12.18%, 13.70% and 15.21% for Fiscals 2026, 2025 and 2024, respectively. A discontinuation in the supply of prod
mediumThe growth of the business is dependent on the ability to continue to grow the number of subscribers that utilize the rental platform and rental products, and provide high levels of customer experience. If the Company is unable to retain existing subscribers and attract new subscribers, the business
Positives the filing discloses (3)
100% of the offer is fresh issue, so most proceeds fund the company.
Restated revenue CAGR of 41.7%.
ROE of 35.3%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Rentomojo Limited
Rentomojo Limited is a technology-driven direct-to-consumer online rental and subscription platform for furniture and appliances in India. The company offers furniture and home appliances, including beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions, and water purifiers, through flexible subscription plans. Its portfolio includes products from brands such as Haier, Wakefit, Livpure, and Duroflex, along with products sold under its private-label brands. Rentomojo manages various stages of the asset lifecycle, including category management, product design, procurement, refurbishment, servicing, reverse logistics, and redeployment of products across multiple subscription cycles. As of March 31, 2026, the company had 253,825 live subscribers across 29 cities in India and a portfolio of 851,184 live products. Its omni-channel operations include an online ordering platform and 82 experience stores across India. The company also launched private-label refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited, along with its own branded water purifiers. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Repayment/prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the company — Rs 70 crore Payment of lease rental/license fee for the warehouses and experience stores — Rs 42.5 crore General corporate purposes
Offer documents
The primary sources everything above is drawn from
Common questions
What is the minimum investment in the Rentomojo Limited IPO?
One lot is 37 shares, so a retail application at the ₹404 cut-off price blocks ₹14,948. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
When is the Rentomojo Limited IPO allotment date?
Allotment is scheduled for 2026-09-15, with listing on 2026-09-17. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, KFin Techologies Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.