Rentomojo files DRHP to raise Rs 150 crore
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- Rentomojo filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 150 crore through a combination of fresh share issuance and an offer‑for‑sale of up to 28,399,567 existing shares.
- Rentomojo claims a 42%–47% market share in the organized home‑furniture and appliance rental segment (excluding water purifiers) based on subscription revenue for FY2025, according to a Redseer report.
- Rentomojo reported 2,27,511 live subscribers across 22 Indian cities as of 30 September 2025, supported by 21 warehouses covering about 444,486 sq ft and 67 experience stores.
- Rentomojo posted revenue of Rs 176.61 crore for the six months ended 30 September 2025 and Rs 266 crore for FY 2025, with profit after tax of Rs 61.38 crore and Rs 43.11 crore respectively.
- Rentomojo intends to use IPO proceeds to repay or pre‑pay outstanding borrowings, pay lease rentals and licence fees for its warehouses and experience stores, and for general corporate purposes.
- Motilal Oswal Investment Advisors Limited (alongside Axis Capital Limited and IIFL Capital Services Limited) are the book‑running lead managers for the issue, with the shares to be listed on both the NSE and BSE.
Why it matters: The Rs 150 crore raise gives Rentomojo cash to clear borrowings and fund its expanding warehouse and experience‑store network, bolstering its claim as the market leader in furniture‑rental subscriptions while providing existing shareholders a route to sell shares and supporting future growth initiatives.
