Rentomojo Ltd, a prominent online platform for renting and subscribing to home furniture and appliances, has taken a significant step by filing preliminary documents with the Securities and Exchange Board of India (Sebi).
The company plans to raise ₹150 crore through its initial public offering (IPO), which will consist of two components:
- A fresh issue of shares
- An offer for sale
This move is part of Rentomojo's strategy to expand its services and enhance its market presence in the rental sector.
