Rentomojo IPO
Rentomojo LtdMainboard
This IPO has listed.
- Open date
- 9 Sep 2026
- Close date
- 11 Sep 2026
- Min. Investment
- ₹14,948
- Lot Size
- -
- Fresh Issue
- ₹150.00 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers177.29x
- Non-Institutional Investors67.93x
- Retail-Individual Investors15.59x
- Total72.88x
Schedule
- Completed: IPO open date9 Sep 2026
- Completed: IPO close date11 Sep 2026
- Completed: Allotment date15 Sep 2026
- Completed: Funds unblock or debit16 Sep 2026
- Completed: Tentative listing date17 Sep 2026
About
Promoter shareholding in Rentomojo Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Geetansh Bamania | 1,48,97,732 | 14.69% | 1,40,48,557 | 13.37% |
| Gaurav Bamania | 28,43,320 | 2.80% | 24,43,320 | 2.32% |
| Meera Bamania | 73,309 | 0.07% | 73,309 | 0.07% |
| Jagdish Bamania | 51,316 | 0.05% | 51,316 | 0.05% |
| Tulika Shukla | 23,459 | 0.02% | 23,459 | 0.02% |
| MVP Family Trust | 39,15,548 | 3.86% | 39,15,548 | 3.73% |
Rentomojo IPO Strengths & Risks
- Consistently profitable D2C player since Fiscal 2023, driven by predictable recurring revenues, acyclical performance and high return on capital employed.
- Leading furniture and appliance rental platform, where scale enables higher subscriber engagements - creating organic demand.
- Integrated multi-stack business model driving a self-reinforcing flywheel at the intersection of e-commerce, subscription, and re-commerce.
- Proven track record of extended reuse during asset life cycle and consistent cohort returns.
- Proprietary technology stack seamlessly facilitating end-to-end operational integration.
- Founder-led company supported by a professional management team and marquee shareholders.
- Risks Relating to the Business: The company derives most of its revenues by renting furniture and appliances (along with other recurring subscription revenue) (97.90%, 98.20% and 98.19% of the company's revenue from operations for Fiscals 2026, 2025 and 2024,respectively). Consequently, any decline in the demand for renting such products may adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: If the company is unable to procure products from its vendors on commercially acceptable terms or if the company third-party manufacturers choose not to manufacture products for it or fails to maintain quality standards or if the company's margins are impacted by higher supply costs or raw material price increases or delay in supply of the products, its business and reputation may be adversely affected.
- Risks Relating to the Business: The growth of the company's business is dependent on its ability to continue to grow the number of subscribers that utilize the company's rental platform and rental products, and provide high levels of customer experience to increase adoption of its products from existing subscribers. If the company is unable to retain its existing subscribers and attract new subscribers, the company's business, results of operations, financial condition and cash flows may be adversely affected.
- Risks Relating to the Business: The company's historical performance may not be indicative of its future growth or financial results and if the company fails to manage its growth or implement the company's growth strategies, its business, results of operations, financial condition and cash flows may be adversely affected.
- Risks Relating to the Business: The company's revenue is concentrated in key tier-1 and metropolitan markets in India. Adverse local developments could disproportionately impact its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company operations involve the storage, refurbishment, and movement of assets through and within the warehouses. The company has experienced a fire at one of its warehouses in June 2026, and any incident such as fire, natural calamity or operational disruption at these locations could result in asset damage, temporary suspension of operations, increased costs, or delays in service delivery, which may adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The Company, Promoter and certain Directors are involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have an adverse effect on its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company's Statutory Auditors have included certain observations on the audited financial statements, as well as certain statements in their auditor's report issued under the Companies (Auditor's Report) Order, 2020 for the years ended March 31, 2026, 2025 and 2024.
- Risks Relating to the Business: Delays or defaults in payments by subscribers, or premature cancellation of contracts, may adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's Registered Office and Corporate Office each are not located on land owned by it and the company has only membership rights. Similarly, its offline experience stores and warehouses are located on leasehold property. In the event the company lose or are unable to renew such leasehold or membership rights, its business, results of operations, financial condition and cash flows may be adversely affected.
- Risks Relating to the Business: Failures in the company's technology platforms and resulting interruptions in the availability of its services could adversely affect the company's business and reputation.
- Risks Relating to the Business: Cyber security breaches and attacks against the company's systems, and any potentially resulting breach or failures to otherwise protect confidential information, could adversely impact its business and reputation.
- Risks Relating to the Business: Its may be unable to successfully expand and operates the company network of experience stores, and such expansion is subject to operational and regulatory risks, which may have an adverse impact on its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company has in the past incurred certain non-compliances, and failed to file certain forms with RBI for certain allotments made by the Company, within the prescribed timelines and have compounded such non-compliances and delays under FEMA, 1999 and the rules made thereunder and paid the compounding fee. The company has also paid late submission fees for delays in filing of forms with RBI in respect of certain allotments made by the Company.
- Risks Relating to the Business: The company has obtained and may continue to obtain financing for its business and the company's inability to obtain further financing or meet its obligations, including financial and other covenants under financing arrangements could adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's leverage artificial intelligence and machine learning in critical areas of its operations and such technologies may subject the company to evolving risks.
- Risks Relating to the Business: The growth of the company's business depends on the strength of its brand and any failures to protect and enhance the company's brand may adversely affect its business and reputation.
- Risks Relating to the Business: Its operations are manpower intensive and if the company is affected by work stoppages or increased wage demands, and if the company is unable to engage current and new employees and contractors on commercially acceptable terms, its business and results of operations may be adversely affected.
- Risks Relating to the Business: The company has experienced delays in payment of certain statutory dues including employee state insurance corporation contributions, provident fund contributions, professional tax, labour welfare fund and income tax payments in the past.
- Risks Relating to the Business: If the company fails to protect or incur significant costs in defending its intellectual property rights, the company's results of operations, financial condition and cash flows may be adversely affected.
- Risks Relating to the Business: The company's inability to accurately estimate supply-demand, manage returns and refurbishment timelines, and efficiently repair and redeploy products may lead to asset imbalances and adversely affect its business and results of operations.
- Risks Relating to the Business: Certain assets previously sold to third-parties have not been transferred in the name of such third-parties as required under applicable law, which could adversely affect the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company's business depends on maintaining high occupancy rates. A decline in Occupancy Rates may materially reduce return on capital employed and operating cash flows.
- Risks Relating to the Business: Certain of the company's corporate records and filings are not traceable or have certain discrepancies. Its cannot assure you that regulatory proceedings or actions will not be initiated against the company in the future and its will not be subject to any penalty imposed by the competent regulatory authority in this regard.
- Risks Relating to the Business: Grants of stock options under the company's employee stock option plans may result in a charge to its statement of profit and loss and will, to that extent, reduce the company's profits.
- Risks Relating to the Business: Its may be subject to product liability claims by subscribers due to defects in the company's products which could have an adverse impact on its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company is dependent on third party transport service providers for timely delivery of products to its subscribers. Any failures by a third party transport service provider could result in delays, which may adversely affect the company's business and reputation.
- Risks Relating to the Business: Dependence on third-party service providers by the company involves risks, including security incidents, service disruptions and operational failures that could compromise confidential information, disrupt critical business operations, and damage its reputation. Interruptions or delays of these services may have an adverse impact on the company's business, cash flows, financial condition and results of operations.
- Risks Relating to the Business: Its may be subject to risks arising from misconduct by employees, contractual workers or service professionals that could adversely affect the company's business and reputation.
- Risks Relating to the Business: The company may faces increased risks of delayed or defaulted subscriber payments due to low adoption of the auto-pay function among its subscriber base.
- Risks Relating to the Business: The company has limited history operating its business at the company's current scale, scope and complexity in an evolving market and economic environment, which makes it difficult to evaluate the company's current business, plans for future operations and strategic initiatives, predict future results, and evaluate its future prospects, increasing the risk associated with your investment.
- Risks Relating to the Business: As of March 31, 2026, March 31, 2025 and March 31, 2024, the company's asset insurance coverage as a percentage of total book value of property, plant and equipment was 53.92%, 45.92% and 72.38%, respectively. Its insurance coverage may not be adequate or the company may incur uninsured losses or losses in excess of its insurance coverage which may impact the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The wide variety of payment methods that the company accept subjects it to third-party payment processing-related risks. Further, the company relies on its arrangements with financial institutions and other third-parties for payment processing infrastructure. If such financial institutions or third-parties are unwilling or unable to provide these services to the company, its business could be adversely affected.
- Risks Relating to the Business: If the company fails to anticipate and respond successfully to new and changing furniture or appliance trends and consumer preferences, its business, results of operations, financial condition and cash flows could be harmed.
- Risks Relating to the Business: The company requires working capital for its continued operation and growth. The company's inability to meet its working capital requirements or a negative working capital position could adversely affect its liquidity and could have an adverse effect on the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's rental assets are subject to depreciation where its may be required to recognize impairment losses, which could adversely affect the company's business, results of operations, financial condition and cash flow.
- Risks Relating to the Business: The company operations involve handling and transporting heavy items and dealing with electrical appliances, which may result in injuries to its personnel, injury or financial loss to subscribers due to defective products and/or expose the company to civil or criminal liabilities, any of which could adversely affect its business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: The company's business requires it to obtain and renew certain licenses and permits from government, regulatory and statutory authorities and the failures to obtain or renew them in a timely manner may adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company's business model and profitability are dependent on its estimates regarding the useful lives and residual values of the company's rental assets, and any reassessment of such estimates may adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's business is subject to various laws and regulations which are constantly evolving. Deemed non- compliance with any of these laws and regulations, may lead to significant fines and penalties, and its business, reputation, financial condition, cash flows and results of operations may be materially and adversely impacted.
- Risks Relating to the Business: An inability to compete effectively may adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company use open source software as part of its operations which could adversely affect the company's ability to offer its services and subject the company to possible litigation.
- Risks Relating to the Business: The company's potential diversification into new lines of service or product offerings or geographies may expose it to operational, financial, cash flow and regulatory risks.
- Risks Relating to the Business: The company's continued success is dependent on its Promoter, Key Management Personnel and Senior Management and skilled professionals. The company's inability to attract and retain key personnel or the loss of services of such personnel may have an adverse effect on its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company is subject to evolving ESG, environmental and product quality regulations, including extended producer responsibility obligations under the E-Waste (Management) Rules, 2022 and furniture quality control requirements, which may increase compliance costs and expose the company to penalties, operational disruptions and reputational risks.
- Risks Relating to the Business: The company engage contract labour for carrying out certain functions of its business operations. Any default on payments or non-compliance to them by the agencies could lead to disruption of the company's business operations.
- Risks Relating to the Business: The company has entered into certain transactions with related parties in the past and may continue to do so in the future. These transactions or any future transactions with its related parties could potentially involve conflicts of interest.
- Risks Relating to the Business: The company's contingent liabilities could adversely affect its financial condition if they materialise.
- Risks Relating to the Business: If the company does not continue to innovate and develop its Rentomojo platform and operational capabilities, or the company platform developments does not perform or keep pace with technological developments, its may not remain competitive and the company's business and results of operations could suffer. Further, any inability to successfully launch new features or products could result in loss of subscribers and operating revenues.
- Risks Relating to the Business: Failures in internal control systems could cause operational errors which may have an adverse effect on the company's reputation, results of operations, financial condition and cash flows.
- Risks Relating to the Business: If the company inadvertently infringe on the intellectual property rights of others, its business, results of operations, financial condition and cash flows may be adversely affected.
- Risks Relating to the Business: Certain appliances offered on the company platform including air conditioners and air purifiers are seasonal in nature, which could cause its revenues to fluctuate.
- Risks Relating to the Business: The company has availed of an overdraft facility. While the company does not have any outstanding amount under this facility, future unsecured borrowings, if incurred, may be recalled by the lender at any time, and the Company may not have adequate funds to make timely payments or at all.
- Risks Relating to the Business: The company may pursue strategic acquisitions for inorganic growth in the future. Its may not be able to integrate any future acquisitions or may be faced with operating difficulties due to such integration, which could adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: Certain sections of this Red Herring Prospectus disclose information from the Redseer Report which has been prepared exclusively for the Offer and commissioned and paid for by the company exclusively in connection with the Offer and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- Risks Relating to the Business: The company's Promoter and members of its Promoter Group will continue to hold an equity stake in the Company after the Offer, which could be considered substantial, and their interests may differ from those of the other shareholders.
- Risks Relating to the Business: The company's Promoter, Directors, Key Managerial Personnel and Senior Management hold Equity Shares and/ or stock options in the Company and are therefore interested in its performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: Certain non-GAAP financial measures relating to the company operations and financial performance have been included in this Red Herring Prospectus. These non-GAAP financial measures are not measures of operating performance or liquidity defined by Ind AS and may not be comparable.
- Risks Relating to the Business: Its industry is subject to certain threats and challenges, which could adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company funding requirements and proposed deployment of the Net Proceeds of the Offer have not been appraised by a bank or a financial institution and if there are any delays or cost overruns, its business, cash flows, financial condition and results of operations may be adversely affected.
- Risks Relating to the Business: The company's ability to access capital at attractive costs depends on its credit ratings. Any downgrade of credit ratings or a poor rating may restrict the company access to capital and thereby adversely affect its business, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements and capital expenditures and the terms of the company's financing arrangements.
- Risks Relating to the Business: Regulatory changes relating to energy-efficiency standards may adversely impact the usable life and resale potential of the company's products.
- Risks Relating to the Business: The company has issued specified securities during the preceding 12 months at prices that may be lower than the Offer Price.
- Risks Relating to the Business: The company will not receive any proceeds from the Offer for Sale.
- Risks Relating to the Business: The determination of the Price Band is based on various factors and assumptions and the Offer Price, price to earnings ratio and market capitalisation to revenue multiple based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.
- Risks Relating to the Business: Some of the company's Directors are or were not directors of listed companies and hence lack adequate experience to address complexities associated with listed companies, which could have an adverse impact on its business, results of operations, financial condition and cash flows.
