New Delhi, March 28 Rentomojo Ltd, an online platform for renting and subscribing to home furniture and appliances, has filed preliminary documents with the capital markets regulator, Sebi, to raise funds through an initial public offering (IPO).
The proposed IPO involves the issuance of up to Rs 150 crore in new equity shares, as well as an offer-for-sale (OFS) of up to 2,83,99,567 equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Friday.
The company intends to use the proceeds from the new issuance for paying off debt, lease rentals, or license fees for its warehouses and experience stores, and for general corporate purposes.
Founded by Geetansh Bamania, the company operates a technology-driven, full-stack direct-to-consumer (D2C) platform offering rental and subscription services for furniture and home appliances across India.
Rentomojo is the largest player in the organized online rental segment for furniture and appliances, with an estimated market share of 42-47 per cent based on subscription revenue in FY2025, according to a Redseer report cited in the draft documents.
As of September 30, 2025, the company had over 2.27 lakh active subscribers across 22 cities, supported by a network of 21 warehouses.
In terms of finances, revenue from operations stood at Rs 265.96 crore for the full fiscal year 2025, and profit after tax at Rs 43.11 crore for FY2025.
Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services are the lead managers for the issuance.