Rentomojo Files DRHP with SEBI for ₹150 Crore IPO with OFS Component: Financials, Investors, and Key Details
Rentomojo has filed its DRHP with the Securities and Exchange Board of India for a ₹150 crore IPO, which includes a fresh issue and an Offer for Sale (OFS) of up to 2.84 crore equity shares, as the company prepares for its public market debut.
Furniture rental platform Rentomojo Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) comprising a fresh issue of INR 150 crore and an Offer for Sale (OFS) of up to 2.84 crore equity shares.
Rentomojo IPO Details: ₹150 Crore Fresh Issue + OFS
| IPO Component | Details |
|---|---|
| IPO Type | Fresh Issue + OFS |
| Issue Size | Up to ₹150 crore |
| OFS | Up to 2.84 crore equity shares |
| Current Stage | DRHP Filed with SEBI |
The company plans to utilise the proceeds from the fresh issue towards expansion, technology upgrades, and general corporate purposes.
IPO Lead Managers and Listing Plans
The issue is being managed by Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services.
Rentomojo plans to list its shares on the BSE and the NSE.
Rentomojo Financial Performance: Strong Growth and Profitability
Rentomojo has demonstrated a sharp improvement in its financial performance, transitioning from losses to consistent profitability.
| Financial Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue | ₹265.96 Cr | ₹195.8 Cr | ₹123.28 Cr |
| EBITDA | ₹118.45 Cr | ₹78.15 Cr | ₹27.14 Cr |
| Net Profit | ₹43.11 Cr | ₹22.41 Cr | ₹6.2 Cr |
Key Financial Highlights:
- Revenue has more than doubled in two years
- Net profit has increased nearly 7x since FY23
- EBITDA growth reflects improved operational efficiency
This marks a significant turnaround from FY20-FY22, when the company reported losses.
Assets and Balance Sheet Position
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | ₹449.87 Cr | ₹366.2 Cr |
| Total Debt | ₹154.58 Cr | ₹147.22 Cr |
| Equity | ₹183.61 Cr | ₹139.61 Cr |
The company’s asset base has expanded steadily, while debt remains controlled relative to its scale.
Shareholding Structure and Key Investors
The cap table reflects strong institutional backing alongside founder ownership.
| Category | Holding (%) |
|---|---|
| Founders | 17.7% |
| Institutional Funds | 64.2% |
| Angels | 5.2% |
| ESOP Pool | 8.4% |
Key Investors:
- Geetansh Bamania: 17.7%
- Accel: 20.3%
- Chiratae Ventures: 13.1%
- Edelweiss Asset Management: 10.2%
- ValueQuest: 8.7%
Investment Snapshot
| Metric | Amount (₹) |
|---|---|
| Total Investment Raised | 713.8 Cr |
| Realised Returns | 259.2 Cr |
| Unrealised Returns | 875.5 Cr |
Business Model: Rental Commerce Gains Traction
Founded in 2014, Rentomojo operates a subscription-based rental model for furniture, appliances, and electronics. The company is India’s largest online rental and subscription platform for home furniture and appliances, with an estimated 42-47% market share, 227,511 live subscribers across 22 cities, and revenue of ₹265.96 crore in FY25.
Its business benefits from:
- Rising urban migration
- Growing preference for access over ownership
- Recurring revenue through subscriptions
This positions Rentomojo distinctly from traditional e-commerce platforms.
IPO Timeline: What Happens Next
| Stage | Explanation |
|---|---|
| DRHP Filing | Submitted to SEBI |
| Review Process | SEBI evaluates disclosures |
| RHP Filing | Final prospectus submission |
| IPO Launch | Public subscription opens |
| Listing | Shares listed on exchanges |
The IPO timeline will depend on regulatory approvals and market conditions.
Why This IPO Matters
Rentomojo’s IPO reflects improving sentiment in India’s startup ecosystem. Its strong revenue growth, profitability, and leadership in the rental commerce segment make it a notable public market candidate.
The combination of fresh capital and OFS indicates both growth ambitions and partial liquidity for investors.
Final Take
Rentomojo enters the IPO market with improving financials, strong institutional backing, and a scalable, asset-driven business model. Its consistent profitability and market leadership could make it an attractive option for public market investors.
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