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Rentomojo Files for IPO Approval

Published July 6, 2026 at 2:55 PM UTC

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Rentomojo Ltd, a prominent online rental and subscription platform for home furniture and appliances, has taken a significant step towards its public listing by filing preliminary documents with the Securities and Exchange Board of India (SEBI). The company aims to raise funds through an Initial Public Offering (IPO), comprising a fresh issue of equity shares totaling up to ₹150 crore and an offer-for-sale (OFS) of up to 28,399,567 equity shares by existing shareholders. The proceeds from the fresh issue are intended for debt repayment, lease rentals or license fees for warehouses and experience stores, and general corporate purposes. Founded by Geetansh Bamania, Rentomojo operates a technology-driven, full-stack direct-to-consumer (D2C) platform offering rental and subscription services for furniture and home appliances across India. As of September 30, 2025, the company had over 227,000 live subscribers across 22 cities, supported by a network of 21 warehouses. Financially, Rentomojo reported revenue from operations of ₹265.96 crore for the fiscal year 2025 and a profit after tax of ₹43.11 crore for the same period. The company holds an estimated market share of 42-47% in the organized online rental segment for furniture and appliances, based on subscription revenue in FY2025. The IPO is being managed by Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services as the book-running lead managers.