SEBI clears RentoMojo IPO: ₹150 cr fresh issue plus 2.8 crore-share OFS
Bengaluru furniture and appliance rental startup RentoMojo gets SEBI nod for its IPO — ₹150 crore fresh issue plus a 2.8 crore-share offer for sale. Proceeds target debt repayment and leases for new warehouses and experience stores. Manipal Health's ₹8,000 crore IPO also cleared.
SEBI cleared RentoMojo's IPO — the Bengaluru furniture/appliance rental startup will raise ₹150 crore fresh plus 2.8 crore-share OFS, using proceeds for debt repayment, warehouse/experience-store leases, and corporate purposes. Manipal Health's ₹8,000 crore IPO also approved.
Why this matters
RentoMojo's SEBI nod marks its move to public markets, funding debt repayment and physical expansion via new warehouses and experience stores, signaling a rental-retail scale-up phase.
Retail-company signals accelerating at +598500% QoQ.