SEBI clears RentoMojo IPO: ₹150-cr fresh issue plus 2.8-cr-share OFS
Bengaluru-based furniture and appliance rental D2C startup RentoMojo gets SEBI nod for its IPO, comprising a ₹150 crore fresh issue and a 2.8 crore-share offer for sale. Proceeds are earmarked for debt repayment, warehouse and experience-store leases, and general corporate purposes. Manipal Health also cleared alongside.
SEBI cleared IPOs including Bengaluru-based furniture and appliance rental D2C startup RentoMojo, which plans ₹150 crore fresh issue plus OFS. Proceeds fund debt repayment, warehouse/experience-store leases, and corporate purposes.