Rentomojo Ipo Gmp Day 1 : Anticipation builds as Rentomojo prepares to launch its public offering on September ninth, aiming to secure over Rs 1,200 crore. The funds raised will primarily support debt repayments and various corporate requirements. With anchor investors already on board with substantial commitments, the rental service, which specializes in providing furniture and appliances via subscription, is set for an exciting market entry.

Rentomojo’s moat lies in its complex rental model, which combines subscriptions, asset ownership, logistics, collections and refurbishment. With 2.5 lakh active subscribers and…

FY2017 cohort generated 5.12 times asset cost; occupancy at 83-84% as company lists on September 9

Rentomojo, the furniture and appliance rental company, is gearing up for a significant IPO, poised to raise over one thousand crore rupees. Nitish Mittersain stands to gain…

Rentomojo has raised Rs 376 crore from anchor investors ahead of its IPO, which opens on September 9. The company allotted 93 lakh shares to 41 investors at Rs 404 apiece.…

Rentomojo plans a ₹150 crore fresh issue and ₹1,105.6 crore offer for sale. The company shows strong revenue growth and improving profitability metrics. Active subscribers have…