# Rentomojo Limited: IPO analysis

> Rentomojo Limited (CIN U72200KA2012PLC063551) has filed a Prospectus with SEBI for an IPO comprising an offer for sale of ₹1,106 Cr, priced at ₹384.00 to ₹404.00 per share. In FY26 it reported revenue of ₹387 Cr (+45.5% on FY25) and a net profit of ₹104 Cr. Promoters hold 14.7% before the IPO. Our fact-check of its claims found 2 medium or high concerns across 57 claims checked.

- Page: https://ipo.innerkore.com/company/U72200KA2012PLC063551/rentomojo-limited/
- CIN: U72200KA2012PLC063551
- Last updated: 15 Sep 2026

## Key facts

- **Company:** Rentomojo Limited
- **CIN:** U72200KA2012PLC063551
- **Filing stage:** Prospectus
- **Latest SEBI filing:** 15 Sep 2026
- **Offer for sale:** ₹1,106 Cr
- **Price band:** ₹384.00 to ₹404.00 per share
- **Final offer price:** ₹404.00 per share
- **Lot size:** 37 shares
- **Bidding opens:** 9 Sep 2026
- **Bidding closes:** 11 Sep 2026
- **Listing on:** BSE, NSE
- **Revenue FY26:** ₹387 Cr
- **Revenue growth:** +45.5%
- **Net profit FY26:** ₹104 Cr
- **Revenue CAGR FY24 to FY26:** 41.7%
- **Promoter holding (pre-IPO):** 14.7%
- **Lead managers:** Motilal Oswal Investment Advisors Limited, Axis Capital Limited, IIFL Capital Services Limited, IIFL Securities Limited
- **Registrar:** KFin Technologies Limited
- **Fact-check flags:** 0 high, 2 medium, 2 low

## Key signals (read from the filing; not investment advice)

- **Valuation** (look closer): 38.9x P/E. At the top of the band, on FY26 profit; 13.7x book value.
- **Growth** (looks fine): 41.7% a year. Sales FY24 to FY26; latest year +45.5%.
- **Profitability** (looks fine): 27% net margin. FY26; operating margin steady.
- **Debt** (look closer): 0.63x equity. ₹188 crore borrowed at the end of FY26.
- **Profit into cash** (looks fine): 166% of profit. Operations brought in ₹173 crore against ₹104 crore of profit in FY26.
- **One-off income** (look closer): 11% of profit. Other and one-off income is 11% of pre-tax profit; management describes 4 one-off items.
- **Where the money goes** (concern): All for sale. Entirely an offer for sale: the company receives nothing.
- **Red flags** (look closer): 2 to review. 57 claims checked: 0 high, 2 medium concern.

## Financial snapshot (₹ crore unless stated; consolidated)

| | FY24 | FY25 | FY26 |
|---|---:|---:|---:|
| Sales | 193 | 266 | 387 |
| Sales growth | – | 38.0% | 45.5% |
| Operating profit | 75 | 112 | 159 |
| Operating margin | 39.0% | 42.3% | 41.1% |
| Net profit | 22 | 43 | 104 |
| Net margin | 11.6% | 16.2% | 27.0% |
| Net worth | 140 | 184 | 296 |
| Borrowings | 147 | 155 | 188 |
| Return on equity | 16.1% | 23.5% | 35.3% |

## Non-recurring items (as described by management)

- Any gain or loss on the disposal of an item of property, plant and equipment is recognized in profit or loss. (p.318)
- Miscellaneous income increased from ₹8.60 Lakh in Fiscal 2024 to ₹1.16 Crore in Fiscal 2025, primarily due to the receipt of an insurance claim pertaining to fire at the Company’s warehouse in Mumbai in November, 2021. (p.330)
- The Government of India consolidated 29 existing labour regulations into four Labour Codes, resulting in a one-time material increase in provision for employee benefits on account of recognition of past service costs, which was treated as an exceptional expense in the statement of profit or loss for the year ended March 31, 2026 of ₹2.58 Crore. (p.331)
- An exceptional item of ₹2.58 Crore was accounted for as an exceptional expense in the financial statements for the year ended March 31, 2026. (p.331)

## Use of proceeds (fresh issue)

- Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company: ₹70 crore
- Payment of lease rental/ license fee for our warehouses and experience stores: ₹43 crore
- General corporate purposes: ₹29 crore

## Fact-checked claims

- **MEDIUM** (SubsidiaryPerformance): The company's financial data is reported by Deloitte Haskins & Sells LLP.. Search results indicate that Deloitte Haskins & Sells LLP has faced regulatory penalties, such as a monetary penalty imposed by NFRA, and has been appointed as a statutory auditor by other companies like JSW Steel. This suggests the firm is a recognized entity in the auditing field, but it does not directly confirm or deny its role as the financial data reporter for Rentomojo Limited.
- **MEDIUM** (SubsidiaryPerformance): The company has one subsidiary, Liber Designs Private Limited (“LDPL”), as on the date of this Prospectus.. Search results confirm the existence of a company named LIBER DESIGNS PRIVATE LIMITED, providing details such as its revenue performance and classification. However, the search results do not explicitly state whether this entity is a subsidiary of Rentomojo Limited.
- **LOW** (SubsidiaryPerformance): The company was originally incorporated as ‘Edunetwork Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 16, 2012.. The search results corroborate the claim, stating that Rentomojo was originally incorporated under the name 'Edunetwork Private Limited' on April 16, 2012. Some results also mention a subsequent name change in September 2025.
- **LOW** (LitigationStatus): The company, promoter, and CFO filed a writ petition before the Hon’ble High Court of Karnataka against the Complainant to quash the Complaint and FIR, arguing that the allegations were already pending adjudication.. One search result mentions that a related first information report (FIR) alleges an unlawful loss, and that the Karnataka High Court stayed an order, which is related to a petition, but it does not explicitly confirm the exact claim about the company, promoter, and CFO filing a writ petition to quash a complaint and FIR while arguing the allegations were pending adjudication.
- **NONE** (SubsidiaryPerformance): The demand for furniture and appliances would proportionately increase as the number of nuclear households is expected to grow by approximately 50 million from approximately 220 million in 2025 to approximately 270 million in 2030P.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the proportional increase in demand for furniture and appliances based on the projected growth of nuclear households.
- **NONE** (SubsidiaryPerformance): Private Final Consumption Expenditure (PFCE) forms approximately 57% of India’s GDP as of Fiscal 2026 and has grown at a CAGR of approximately 9.6% from ₹149 trillion (U.S.$ 1,756 billion) in Fiscal 2023 to ₹197 trillion (U.S.$ 2,312 billion) in Fiscal 2026.. No web search results were found to corroborate, contradict, update, or provide any new information regarding the claim about Private Final Consumption Expenditure (PFCE) forming 57% of India's GDP or the specified growth figures.
- **NONE** (SubsidiaryPerformance): The International Monetary Fund (IMF) projects India’s nominal GDP to grow at a pace of approximately 9.5% Compounded Annual Growth Rate (CAGR) between Fiscal 2026 and Fiscal 2031P.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the IMF's projection on India's nominal GDP growth rate between Fiscal 2026 and Fiscal 2031.
- **NONE** (SubsidiaryPerformance): India is ranked as the world’s sixth-largest economy in Calendar Year 2025, with a nominal GDP of ₹333 trillion (U.S.$3.9 trillion).. No current web search results were found to corroborate, contradict, update, or provide any information regarding India's economic ranking or GDP figures for Calendar Year 2025.
- **NONE** (PromoterBackground): The Company adopted the ESOP 2026 pursuant to Board approval on March 5, 2026 and shareholder approval on March 6, 2026 to exclusively administer migrated options.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the ESOP adoption by Rentomojo Limited.
- **NONE** (PromoterBackground): The ESOP 2024 was further amended by the Board on March 5, 2026 and shareholders on March 6, 2026 to record the migration of certain options to ESOP 2026.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the amendment of the ESOP 2024 by the Board and shareholders in March 2026.
- **NONE** (PromoterBackground): The ESOP 2024 permitted flexibility in implementation, allowing the issuance of shares either directly or through transfer by the RM Employee Benefit Trust.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the flexibility in ESOP 2024 implementation for Rentomojo Limited.
- **NONE** (PromoterBackground): ESOP 2024 was further amended by the Board on June 24, 2025 and shareholders on July 7, 2025 to streamline administration and improve operational efficiency.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that the ESOP 2024 was amended by the Board and shareholders on specific dates in June and July 2025.

## Common questions

### How big is the Rentomojo Limited IPO?

Rentomojo Limited's IPO comprises an offer for sale of ₹1,106 Cr, according to its Prospectus. The price band was ₹384.00 to ₹404.00 per share and the final offer price was ₹404.00 per share.

### What are Rentomojo Limited's revenue and profit?

Rentomojo Limited reported revenue from operations of ₹387 Cr in FY26, +45.5% versus FY25. Net profit was ₹104 Cr (FY25: ₹43 Cr). Revenue grew at a compound rate of 41.7% a year from FY24 to FY26. Figures are read from the Prospectus, as printed there.

### How much do promoters own in Rentomojo Limited?

Promoters hold 14.7% of Rentomojo Limited before the IPO.

### How will Rentomojo Limited use the IPO money?

The fresh-issue proceeds are earmarked for: Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company (₹70 Cr); Payment of lease rental/ license fee for our warehouses and experience stores (₹43 Cr); General corporate purposes (₹29 Cr). The offer-for-sale portion goes to the selling shareholders, not the company.

### What are the red flags in Rentomojo Limited's Prospectus?

We fact-checked 57 claims from the filing against the open web: 0 raised a high concern, 2 medium and 2 low. The most notable: Search results indicate that Deloitte Haskins & Sells LLP has faced regulatory penalties, such as a monetary penalty imposed by NFRA, and has been appointed… Search results confirm the existence of a company named LIBER DESIGNS PRIVATE LIMITED, providing details such as its revenue performance and classification.… This is an automated screen, not a verdict; each finding links to its sources.

### What does Rentomojo Limited do?

तो Rentomojo Limited के IPO की बात है, लेकिन एक डिटेल जो अक्सर नज़रअंदाज़ कर दी जाती है, वो है कि इनके DRHP में mentioned है कि Deloitte Haskins & Sells LLP को NFRA की तरफ से monetary penalty मिली है, जो दिखाता है कि ये ऑडिटिंग फील्ड में एक recognized entity है।

### Who manages the Rentomojo Limited IPO?

Book running lead managers: Motilal Oswal Investment Advisors Limited, Axis Capital Limited, IIFL Capital Services Limited, IIFL Securities Limited. Registrar to the offer: KFin Technologies Limited. Shares are proposed to list on BSE and NSE.

### Where can I read the original Rentomojo Limited IPO documents?

All 4 filings for Rentomojo Limited (RHP, DAP, Addendum, Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document.

## Source documents

- [Rentomojo Limited – Prospectus](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1789448989389.pdf) (Prospectus, filed 15 Sep 2026)
- [Rentomojo Limited – Addendum to RHP](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1788934492263.pdf) (Addendum, filed 9 Sep 2026)
- [Rentomojo Limited - RHP](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1788501645342.pdf) (Red Herring Prospectus, filed 4 Sep 2026)
- [Rentomojo Limited - RHP](https://www.sebi.gov.in/sebi_data/commondocs/sep-2026/RENTOMOJO%20LIMITED%20-%20AP_p.pdf) (Abridged prospectus (DAP), filed 4 Sep 2026)

---
Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.