# Rentomojo to raise Rs 1,256 crore via IPO; rich valuation a concern — retained record

> Retained news record from news:india-et-markets.

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-09-09 02:09 ingested 2026-09-09 02:55

[original source ↗](https://economictimes.indiatimes.com/markets/ipos/fpos/rentomojo-plans-rs-1256-crore-ipo-to-repay-debt-fund-lease-payments/articleshow/133948945.cms)

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Business
Incorporated in 2012, Rentomojo is a direct-to-consumer (D2C) online rental and subscription platform. Its product portfolio includes beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers. Its active subscribers jumped to 253,825 in FY26 from 149,498 in FY24 with repeat order increasing to 50.4% from 47.3%. Occupancy rate, which measures the proportion of rental assets deployed with customers, moderated to 83.3% in FY26 from 86.4% in FY24 as live items grew to 851,184 in FY26 from 463,130 in FY24.
Read more: Defence stocks rally as DAC clears Rs 1.10 lakh crore acquisition proposals
Financials
Between FY24 and FY26, revenue from operations increased 41.7% annually to ₹387 crore and net profit surged 115.7% to ₹104.3 crore. Operating profit before interest, tax, depreciation and amortization (EBITDA) jumped 44.6% to ₹163.5 crore during the same period. EBITDA margin improved to 41.5% in FY26 from 39.9% in FY24. Cash flow from operations grew 37.4% to ₹172.9 crore in FY26 over FY25. Return on net worth soared to 43.5% in FY26 from 27.7% in FY24.
Valuation
The company has no comparable listed peer. Considering the post-IPO equity and FY26 net profit, the company demands price-earnings multiple of 41 and price-sales multiple of 11.
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