Rentomojo IPO: DRHP filed, ₹150 crore fresh issue

What Rentomojo has filed with SEBI

Rentomojo Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 27, 2026, setting up the groundwork for an initial public offering (IPO). The company operates an online rental and subscription platform focused on home furniture and appliances. The filing outlines a main-board listing plan, with the shares proposed to be listed on both BSE and NSE. The issue is structured as a 100% book-built IPO. Key details such as the IPO dates, bidding timeline, price band, and lot size have not been announced yet. The company has indicated these will be finalised after regulatory approval.

IPO structure: fresh issue plus offer for sale

As per the DRHP details referenced, the proposed IPO comprises two parts: a fresh issue and an offer for sale (OFS). The fresh issue is sized at up to ₹150 crore. Alongside this, existing shareholders plan to sell up to 2,83,99,567 equity shares through the OFS, which is also described in the material as up to 2.84 crore shares. The face value of each equity share is ₹1. The issue is described as “fresh capital cum OFS” and “bookbuilding IPO” in the available IPO highlights.

A pre-IPO placement of up to ₹30 crore has also been mentioned as a possibility, and it is described as part of the fresh issue component. The company has not disclosed the price band, which means the final valuation and issue pricing will only be known once the offer moves closer to launch.

Timeline: what is known and what is pending

The only confirmed regulatory milestone so far is the DRHP filing date, March 27, 2026. The IPO’s subscription dates, anchor allotment schedule, and listing date remain unannounced. The company is expected to disclose the price band and bidding dates after receiving the necessary regulatory clearance. Once the approvals are in place, the formal schedule for anchor allocation, public bidding, and listing on the exchanges will be published.

The available information repeatedly notes that the official dates of listing are yet to be declared. Until those dates are confirmed, investors tracking the issue will need to rely on exchange and SEBI updates for the next steps.

Who is managing the issue

The book-running lead managers (BRLMs) named for the IPO are Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., and IIFL Capital Services Ltd. The registrar to the issue is KFin Technologies Ltd. These intermediaries typically coordinate the marketing process, manage the book-building mechanism, and handle IPO application and allotment processes, as per standard capital market practice.

The presence of multiple BRLMs indicates the issue will be handled through a syndicated process, which is common for main-board IPOs that combine fresh capital raising with shareholder exits.

Sellers in the OFS: investors and promoter participation

The OFS component is expected to include share sales by existing investors and the promoter. The selling shareholders mentioned include Accel India, Chiratae Ventures, Edelweiss Discovery Fund, ValueQuest, Madison India Opportunities, and GMO Payment Gateway. Founder Geetansh Bamania is also listed among the OFS participants.

Separately, it is stated that Rentomojo cofounder Geetansh Bamania intends to sell shares through the IPO. Another detail included is that cofounder Geetansh Bamania plans to sell up to 20.07 lakh shares via the IPO. The DRHP-based coverage also frames the OFS as a partial exit route for early investors.

Use of proceeds: debt and lease-related payments

The company has stated it intends to use the proceeds from the fresh issue for identified corporate needs. These include repayment or prepayment of certain borrowings. Another stated use is payment of lease rentals or licence fees for warehouses and experience stores. The remaining portion is earmarked for general corporate purposes.

Since the issue includes both fresh capital and OFS, only the fresh issue proceeds would be available to the company for these stated uses. Proceeds from the OFS typically go to selling shareholders, not the company.

Legal overhang mentioned in the coverage

One of the updates included in the provided material points to a legal hurdle around the IPO. It states that co-founder and former CEO Ajay Nain has moved the National Company Law Tribunal (NCLT) seeking to halt the IPO. The same update alleges mismanagement and irregularities in share transactions, and adds that he claims he was misled into selling his nearly 9.4% stake in 2023 to the company’s employee benefit trust. The filing reportedly seeks to have that transaction declared void and his stake restored.

This development, as described, introduces a potential overhang that market participants may track alongside SEBI’s review of the DRHP. No outcome or timeline for the proceeding is provided in the material.

Key IPO facts at a glance

What investors may watch next

The immediate next trigger for the IPO is SEBI’s review and observations on the DRHP. After that, the company is expected to announce the price band, anchor book timeline, and public subscription dates. The final listing schedule for BSE and NSE will follow once the offer closes and allotment is completed.

Given the OFS participation by multiple investors and the stated use of fresh proceeds for debt and lease-related payments, the final offer document and pricing details will be central to investor assessment when they are released.

Conclusion

Rentomojo’s March 27, 2026 DRHP filing outlines a book-built IPO consisting of a ₹150 crore fresh issue and an OFS of up to 2.84 crore shares, with listing proposed on BSE and NSE. The company has stated uses for fresh proceeds including debt repayment, lease-related payments, and general corporate purposes. Key items still pending include the IPO price band, subscription dates, and listing date, which are expected to be announced after regulatory approvals.