12:36 AMEconomic Times
Rentomojo set to go public at Rs 4,246 crore valuation, set to raise Rs 1,256 crore via IPO
Summary
Rentomojo plans an IPO at a valuation of Rs 4,246 crore, comprising Rs 150 crore of fresh capital and a Rs 1,106 crore offer for sale by existing investors. The company reported a 142% increase in FY26 net profit to Rs 104.3 crore, with the issue scheduled to open on September 9.
Only a small portion of the IPO proceeds will enter the business, while most will
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The IPO is as much an investor exit as a growth-financing exercise, making valuation and earnings durability central to the offer.