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Rentomojo raises ₹376 crore from anchors ahead of ₹1,256 crore IPO

Indian furniture and appliance rental platform Rentomojo raised ₹376 crore from anchor investors ahead of its ₹1,256 crore IPO. Fresh proceeds will fund debt repayment, warehouse and experience-store lease costs, and corporate purposes.

Newer report on another story , , CNBC-TV18 : Rentomojo posts Q1 FY27 revenue of ₹126.3 crore and PAT of ₹7.8 crore; CEO expects momentum to continue

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Reported figures

From the report. Source details below

93.08 lakh shares allotted to anchors at ₹404 each
IPO price band ₹384-404 per share
Fresh issue up to ₹150 crore
OFS of 2.73 crore shares worth up to ₹1,106 crore
Implied market capitalisation about ₹4,206 crore
60.41 lakh anchor shares allocated to 16 mutual funds
IPO subscription September 9-11
Proposed listing September 17

The source

Source Read the source at Outlook Business

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Confirmed by Inc42, Entrackr

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Note Information, not investment advice. RetailIntel is not registered with SEBI.