Rentomojo Files IPO Papers: Rs 150 Crore Fresh Issue, Investors to Sell Shares

• Rentomojo, backed by Accel and ValueQuest, filed draft papers with SEBI on March 27 for an IPO.
• The IPO includes a fresh issue of Rs 150 crore and an offer-for-sale of up to 2.83 crore equity shares by existing shareholders.
• Key investors like Accel India, Edelweiss Discovery Fund, ValueQuest, and Chiratae Ventures will participate in the offer-for-sale.
• Proceeds from the fresh issue will be used for debt repayment, lease rental/license fees, and general corporate purposes.
• Rentomojo reported a 92.3% profit growth to Rs 43.1 crore in FY25, with revenue up 38% to Rs 266 crore.