Incorporated in April 2012, Rentomojo Limited is a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and appliances in India.The Company provides consumers with affordable, flexible and long-term subscription plans for home furniture and appliances, enabling them to rent, return, upgrade and relocate products without the need for large upfront purchases or long-term ownership commitments. Its product portfolio includes essential home products such as beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers, comprising 851,184 live items as of March 31, 2026.
Rentomojo operates through an integrated asset-lifecycle model covering category management, product design, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment. This full-stack approach enables the Company to manage its assets across multiple deployment cycles, improve occupancy and capital efficiency, and provide consistent service throughout the subscription lifecycle. The Company operates through an omni-channel model, combining its online ordering platform with 82 experience stores across India as of March 31, 2026.
As of March 31, 2026, the Company had 253,825 live subscribers across 29 cities in India. It operates 20 warehouses with an aggregate warehousing area of 538,933 sq. ft. and has a network of trained service professionals and logistics partners supporting delivery, installation, maintenance, repairs, relocation and reverse logistics. The Company recorded an average delivery turnaround time of 2.35 days in Fiscal 2026 and maintained an occupancy rate of 83.34% during Fiscal 2026.
The Company operates at the intersection of e-commerce, subscription and re-commerce, integrating its e-commerce, subscription and re-commerce stacks across the consumer and asset lifecycle. This model is designed to generate recurring revenue, extend asset life through refurbishment and redeployment, improve occupancy and reduce new capital expenditure. The Company has also expanded its product portfolio through private-label furniture and appliances, including refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited and its own branded water purifiers.
As of March 31, 2026, Rentomojo had 835 permanent employees and 1,772 contractual workforce personnel, supporting its operations across 29 cities in India.
Competitive Strengths
Rentomojo Ltd.’s revenue increased by 45% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 641.12 | 449.87 | 366.20 |
| Total Income | 394.09 | 271.96 | 195.80 |
| Profit After Tax | 104.30 | 43.11 | 22.41 |
| EBITDA | 163.46 | 118.44 | 78.15 |
| NET Worth | 295.81 | 183.61 | 139.61 |
| Reserves and Surplus | 291.71 | 182.94 | 138.94 |
| Total Borrowing | 187.59 | 154.58 | 147.22 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Meesho Ltd. | Mainboard | ₹5,421.20 Cr | ₹111 | -11.63 | ₹170.09 | +53.23% | ₹210.30 |
| Urban Co.Ltd. | Mainboard | ₹1,900.00 Cr | ₹103 | 59.71 | ₹166.83 | +61.97% | ₹176.06 |
| Acetech E-Commerce Ltd. | SME | ₹48.95 Cr | ₹112 | 19.56 | ₹117.60 | +5.00% | ₹132.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company | 70.00 |
| 2 | Payment of lease rental/ license fee for our warehouses and experience stores | 42.50 |
| 3 | General corporate purposes | |
| Total | 112.50 |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 43.51% | 26.67% |
| ROCE | 25.34% | 25.14% |
| Debt/Equity | 0.63 | 0.84 |
| RoNW | 43.51% | 26.67% |
| PAT Margin | 26.95% | 16.21% |
| EBITDA Margin | 41.48% | 43.55% |
| NAV | 28.65 | 17.81 |
| Price to Book Value | 14.10 | 22.68 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.29 | 9.92 |
| P/E (x) | 39.26 | 40.73 |
| IPO Date | 9 to 11 Sep, 2026 |
| Listing Date | Thu, Sep 17, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹384 to ₹404 |
| Lot Size | 37 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹20.00 |
| Total Issue Size | 3,10,80,978 shares (agg. up to ₹1,256 Cr) |
| Fresh Issue | 37,15,449 shares (agg. up to ₹150 Cr) |
| Offer for Sale | 2,73,65,529 shares of ₹1 (agg. up to ₹1,106 Cr) |
| Share Holding Pre Issue | 10,13,91,096 shares |
| Share Holding Post Issue | 10,51,06,545 shares |
As per our analysis and Based on the information we have, this is the output.
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Last Updated on September 9, 2026 Rentomojo Ltd. IPO Incorporated in April 2012, Rentomojo Limited is a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and appliances
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