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Rentomojo sets ₹384–404 IPO price band for ₹1,256 crore issue

India furniture and appliance rental platform Rentomojo set a ₹384-404 IPO price band for a ₹1,256-crore issue. Fresh proceeds will repay debt, fund warehouse and experience-store lease costs, and support corporate purposes.

Offer for sale makes up most of the ₹1,256 crore IPO, against a smaller fresh issue
  • Offer for sale (OFS) size₹1,106 crore
  • Fresh issue size₹150 crore

Reported figures

From the report. Source details below

  • ₹4,206 crore implied market capitalisation
  • 42-47% FY25 subscription-revenue market share
  • 35% retail investor allocation
  • ₹2 crore employee reservation

Other figures

  • ₹150 crore fresh issue
  • ₹1,106 crore OFS
  • 2.73 crore OFS shares
  • 50% QIB allocation

The source

Source Read the source at Outlook Business

Published

Also reported by The Hindu BusinessLine, CNBC-TV18, Mint, NDTV Profit, Inc42, YourStory, Business Today, Financial Express

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