By ipomarket.in Editorial Team · Last reviewed: 2026-07-06
Disclaimer: This article is for informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Please read the offer document carefully and consult a SEBI-registered investment advisor before investing.
Rentomojo, the Bengaluru-based furniture and home appliance rental platform, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The filing, dated 27 March 2026, sets the stage for a proposed mainboard listing on the NSE and BSE. This article lays out what has actually been disclosed in the DRHP and financial media, and — just as importantly — what remains unknown.
One clarification up front: filing a DRHP is not the same as receiving SEBI approval. A DRHP is the draft offer document a company submits for regulatory review. SEBI issues its observations later, after which the company files a Red Herring Prospectus (RHP) with the price band and dates. As of 6 July 2026, Rentomojo is at the DRHP stage. If you want a plain-language walkthrough of the document itself, see our guide on what a DRHP is and how to read it.
What is confirmed
According to the DRHP filed on 27 March 2026, the offer has two parts:
- Fresh issue: ₹150 crore. Fresh-issue proceeds go to the company.
- Offer for sale (OFS): approximately 2.84 crore equity shares (28,399,567 shares). OFS proceeds go to the selling shareholders, not the company.
The company intends to list on both the NSE and BSE as a mainboard IPO. The book-running lead managers are Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services. KFin Technologies is the registrar to the issue.
If you are unclear on how a fresh issue and an OFS differ, the split matters: only fresh-issue money funds the business, while the OFS lets existing investors and founders sell part of their holdings.
What is not yet disclosed
Several of the details retail investors care most about are still pending. As of now, the following have not been announced:
- Price band — not disclosed
- IPO open and close dates — not announced
- Lot size — not disclosed
- Anchor investor details — not disclosed
- Expected listing date — not announced
These typically follow after SEBI issues its observations and the company files the RHP. Any figures circulating before then are estimates, not official numbers.
On the subject of grey market premium (GMP): some IPO portals currently show Rentomojo's GMP as ₹0. That is placeholder data, not a real market signal. GMP only becomes meaningful once an IPO has a price band and enters its subscription window. Treat a ₹0 reading at this stage as "no data yet". Our explainer on how IPO GMP works covers why the grey market can be an unreliable guide even when it is active.
About the company
Rentomojo was founded in 2014 and operates a technology-enabled, direct-to-consumer (D2C) rental and subscription platform for home furniture and appliances. It runs a full-stack model, meaning it manages the entire asset lifecycle — sourcing, design, delivery, maintenance, refurbishment and redeployment.
The target market is India's growing urban population that prefers flexible, subscription-based access to furniture and appliances over outright ownership. Young professionals, people in rented or temporary housing, and corporate accommodation needs are the natural fit for this model.
Per the DRHP, Rentomojo had 227,511 live subscribers spread across 22 cities in India as of 30 September 2025. A Redseer report commissioned by the company (and cited in the DRHP) describes Rentomojo as the largest online rental and subscription platform for home furniture and appliances by live subscribers, as of the financial year ending 31 March 2025. As with any company-commissioned market study, that positioning should be read as the company's framing rather than an independent verdict.
Financial snapshot
Based on FY25 (year ended 31 March 2025) data and third-party sources:
- Revenue (FY25): ₹272 crore (standalone)
- Revenue CAGR (1-year): 39%
- EBITDA CAGR (1-year): 52%
The growth rates are encouraging on the surface, and the company has been described as profitable at the EBITDA level. However, EBITDA growth is not the same as bottom-line net profit, and the financials quoted here come partly from third-party trackers such as Tracxn, whose methodologies and update cycles differ. The audited financial statements in the DRHP are the figures that matter; investors should verify the exact revenue, profit and margin numbers there before drawing conclusions. Our guide on how to analyse IPO financials from the RHP explains what to look for.
Shareholding and funding
Rentomojo is a Series D company. Reported total pre-IPO funding ranges from roughly $58.7 million to $112 million depending on the source, a spread that reflects different counting methods rather than a single confirmed figure. Backers named across sources include Accel, Chiratae Ventures and Bain Capital Ventures.
Pre-IPO, the company reportedly had around 3.45 crore shares outstanding, with founders holding roughly 13.55% and institutional funds around 67.47%. The heavy fund ownership helps explain the OFS component — early investors often use an IPO as a partial exit route.
Board members listed include Prashanth Prakash, Pushkar Jauhari, Ashish Agarwal, Geetansh Bamania and Ketan Krishna, with independent directors including Sandesh Kirkire, Venkatesh Ratnam Peddi, Deepali Nair and Niddodi Subrao Rajan.
Strengths and risks to weigh
Points in favour:
- Leadership position (by live subscribers, per the commissioned Redseer study) in a niche category
- Solid top-line growth and a stated EBITDA-positive profile
- A recurring, subscription-based revenue model that can improve visibility
Risks to keep in mind:
- The rental model is asset-heavy; sourcing, maintenance and refurbishment carry ongoing costs and depreciation
- Subscriber concentration in metros and larger cities exposes the business to urban demand cycles
- Valuation is unknown until the price band lands, so it is impossible to judge whether the pricing is reasonable
- A meaningful OFS means part of the proceeds does not strengthen the balance sheet
- Market conditions or regulatory feedback could delay or reshape the offer
Because the price band is not out, no meaningful valuation call can be made yet. That is the single biggest gap in the story right now.
What happens next
The next milestone is SEBI's observations on the DRHP. After that, Rentomojo can file its RHP with the price band, lot size and dates, followed by the anchor book (if any), the subscription window, allotment and listing. You can track the broader pipeline on our upcoming IPOs 2026 list and check live status on the /ipo/upcoming page.
FAQ
When is the Rentomojo IPO date?
The IPO open and close dates have not been announced. Rentomojo filed its DRHP with SEBI on 27 March 2026, but dates are typically set only after SEBI issues its observations and the company files the RHP.
What is the Rentomojo IPO price band?
The price band has not been disclosed. It will be announced closer to the IPO opening, in the RHP. Any price figure seen before then is speculative.
How big is the Rentomojo IPO?
The DRHP mentions a fresh issue of ₹150 crore plus an offer for sale of about 2.84 crore equity shares. The total rupee size of the OFS depends on the final price band, which is not yet set.
Is the Rentomojo IPO SEBI approved?
Not yet. The company has filed a DRHP, which is a draft document under regulatory review. SEBI approval (its observations) comes later. Filing a DRHP is not the same as SEBI clearance.
What does Rentomojo's GMP tell us right now?
Nothing meaningful. Portals showing ₹0 GMP are displaying placeholder data. GMP only reflects real grey-market activity once the IPO has a price band and enters its subscription phase.
Last reviewed: 2026-07-06. Details are based on the DRHP filed on 27 March 2026 and public sources; verify all figures against the final offer document before making any decision.