| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 192.70 | 265.96 | 386.99 |
| Expenses | 173.38 | 228.86 | 323.85 |
| Other Income | 3.10 | 6.00 | 7.10 |
| Total Revenue | 195.80 | 271.96 | 394.09 |
| Profit Before Tax | 22.41 | 43.11 | 67.66 |
| Net Profit | 22.41 | 43.11 | 104.30 |
Rentomojo
Rentomojo IPO
₹14,208
3.32 xOver-subscribedBidding Dates 09 Sept, 26 -11 Sept, 26
Min Investment ₹14,208
Lot Size37
Price Range ₹384 – ₹404
Issue Size ₹1,255.67 Cr.
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IPO Subscription Details
Retail Subscription Details
3.16 x
Non-Institutional Buyers (sHNI)
8.91 x
Non-Institutional Buyers (bHNI)
6.9 x
Qualified Institutional Buyers (QIB)
0.43 x
Employees
2.91 x
Total3.32 x
3.32 x IPO Timeline
IPO Offer Start
09 Sept,26
IPO Offer Ends
11 Sept,26
Allotment Finalisation
15 Sept,26
Refund Initiation
16 Sept,26
Listing of Shares
17 Sept,26
IPO Analysis
Strengths
The company is one of the few Indian D2C product commerce brands to have demonstrated consistent profitability over the last three Fiscals, with revenue from operations CAGR of 41.71% and adjusted ROCE of 25.34%, 25.14% and 31.47% in Fiscals 2026, 2025 and 2024 respectively.
The company commands approximately 42%-47% market share in terms of subscription revenue in Fiscal 2025 and accounts for more than half (50%-55%) of live subscribers in the overall home furniture and appliances rental market as of March 31, 2025.
The company operates a unique business model at the intersection of e-commerce, subscription, and re-commerce, comprising 11 distinct consumer touchpoints across subscription lifecycle - far higher than 3-5 touchpoints typical of most D2C platforms.
Risks
The company derives 97.90% of its revenue from furniture and appliance rentals, making it highly vulnerable to demand fluctuations in this single business line. Any decline in rental demand could severely impact business operations and financial performance.
The company depends on vendors for high-quality products and third-party manufacturers for private label items, with top five suppliers representing 12.18% of total expenses. Supply disruptions, quality issues, or vendor failures could significantly affect the company's ability to serve subscribers.
Business growth depends on expanding subscriber base (253,825 live subscribers as of March 31, 2026) and maintaining high service levels. The company received 1,976 complaints in Fiscal 2026, and inability to retain subscribers could reduce revenue visibility and lifetime value.
Objectives
The company proposes to utilize funds towards repayment/prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon to reduce outstanding indebtedness, maintain favorable debt-equity ratio, and reduce interest outflow.
The company expects to utilize funds towards payment of lease/rental/license fee for certain premises including warehouses and experience stores based on valid existing lease agreements and leave and license agreements.
The company intends to deploy the balance funds towards general corporate purposes including operating expenses, transportation expenses, employee related expenses, marketing activities, organic and inorganic growth opportunities, and other business requirements.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 366.19 | 449.87 | 641.12 |
| Current Assets | 102.34 | 84.78 | 110.81 |
| Fixed Assets | 263.86 | 365.09 | 530.31 |
| Total Equity & Liabilities | 366.19 | 449.87 | 641.12 |
| Total Liabilities | 226.59 | 266.26 | 345.31 |
| Current Liabilities | 135.65 | 160.99 | 201.99 |
| Non Current Liabilities | 90.94 | 105.27 | 143.33 |
| Total Equity | 139.60 | 183.61 | 295.81 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | 20.56 | -30.45 | 10.34 |
| Investing Activities | -184.11 | -111.31 | -158.34 |
| Operating Activities | 91.57 | 115.55 | 172.87 |
| Financing Activities | 113.10 | -34.68 | -4.20 |
About Rentomojo
Rentomojo operates a technology-driven, full-stack direct-to-consumer online rental and subscription platform for furniture and appliances in India. The company is the largest online rental and subscription platform for home furniture and appliances based on live subscribers and subscription revenue, with 253,825 live subscribers across 29 cities as of March 31,...more
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