Q1. What is the business of Rotomag Enertec Limited?

It manufactures DC motors, solar‑powered pumps and photovoltaic string inverters serving industrial, rural and renewable energy sectors in India and abroad.

Q2. Why is the company raising funds via IPO?

Rotomag Enertec is raising funds via IPO to redeem non‑convertible debentures, boost working capital and support general corporate growth plans.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO consists a Fresh Issue of up to ₹500 crore and an OFS of up to 2.40 Cr equity shares. It will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

Key risks to invest in the IPO include uncertain price band & allotment dates, cyclical industrial demand, raw material cost volatility and competitive pressures.

Q5. What are the potential upsides?

Positive side to invest in the IPO include fast‑growing renewable demand, export footprint, diversified industrial product range and strong recent profit growth.

Q6. How to apply for the IPO?

You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO subscription opens.

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

Rentomojo Limited

Closed

Rentomojo Limited

Market Cap

₹ 4246.3 Crore

IPO Issue Size

₹ 1,255.57 Crore

Expected Price by IPOCorner

₹384 – ₹404

IPO Score

*Score varies on actual price

Rentomojo Limited is a subscription-based online rental platform that provides furniture and home appliances on a monthly/long-term rental model to individuals and businesses. It operates a tech-driven D2C model allowing users to rent items like sofas, beds, washing machines, and electronics instead of purchasing them.

Rentomojo Limited was incorporated on 2014 & currently Mr. Geetansh Bamania serves as the Managing Director & CEO of the company.

Rentomojo Limited filed its DRHP with SEBI on March 27, 2026. The issue size of the IPO is ₹ 1,255.57 Crores which features a Fresh Issue of ₹ 150 Crore and an Offer for Sale (OFS) of ₹ 1,105.57 Crores.

It provides a subscription-based rental service for furniture, home appliances, electronics, and lifestyle products (sofa sets, beds, wardrobes, washing machines, refrigerators, TVs, etc.) through monthly/long-term rental plans with maintenance and upgrade options. It has ~2.27 lakh+ subscribers across 22 cities, operates ~21 warehouses and 67 experience stores, and holds an estimated 42-47% share of India’s organised furniture & appliance rental market.

IPO opens for subscription on 9th Sep’26 & closes on 11th Sep’26. Price band for the IPO is ₹384 to ₹404 with a lot size of 37 Shares.

Year	2025
Networth	₹ 183.61 Cr
Revenue	₹ 265.95 Cr
EBITDA	₹ 118.43 Cr
PAT	₹ 43.10 Cr
EBITDA Margin	43.55%
PAT Margin	15.85%
Face Value	Rs.01 per Equity Share

IPO Important Dates

#	Date
Open Date	09-Sep'26
Close Date	11-Sep'26
Anchor Investor Bidding	08-Sep'26
Allotment Date	15-Sep'26
Refunds& Demat Credit	16-Sep'26
Tentative Listing Date	17-Sep'26

Use Of Proceeds

Purpose	Amount
Repayment/Prepayment of Borrowing	₹ 70 Cr
Payment of lease rental/license fee for warehouses and experience stores	₹ 42.5 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 120.1	₹ 192.7	₹ 266.0
PAT (₹ Cr)	₹ 4.4	₹ 22.4	₹ 43.1
Asset (₹ Cr)	₹ 179.0	₹ 366.2	₹ 449.9
Net Worth (₹ Cr)	₹ 22.2	₹ 139.6	₹ 183.6

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
11-Sep	₹384 - ₹404	₹ 135	₹ 4,995
10-Sep	₹384 - ₹404	₹ 143	₹ 5,291
09-Sep	₹384 - ₹404	₹ 134	₹ 3,618
08-Sep	₹384 - ₹404	₹ 125	₹ 4,625
07-Sep	₹384 - ₹404	₹ 150	₹ 5,550

Pros

Strong presence in India’s fast-growing furniture & appliance rental market with subscription-based recurring revenue model.
Asset-light tech-driven platform improves scalability and operational efficiency.
Increasing urban demand for flexible “rent instead of buy” lifestyle among millennials and working professionals.
Established brand with multi-city operations and large active subscriber base.

Cons

High capital expenditure required for maintaining and replacing rental inventory impacts cash flow.
Profitability challenges due to depreciation of assets and maintenance costs.
Intense competition from players like Furlenco, CityFurnish, and local unorganised rental markets.
Business highly sensitive to economic slowdown affecting discretionary rental spending.
Limited pricing power as customers can easily switch between rental platforms.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Geetansh Bamania	14.69%
-	-
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	37 Shares	1	37 Shares	₹ 14,208
Retail (Max)	37 Shares	13	481 Shares	₹ 1,84,704
HNI (Min)	37 Shares	14	518 Shares	₹ 1,98,912
HNI (Max)	37 Shares	66	2,442 Shares	₹ 9,37,728
Big HNI (Min)	37 Shares	67	2,479 Shares	₹ 9,51,936

Key Performance Index (KPI)

ROE	26.67%
ROCE	25.14%
RoNW	26.67%

Lead / Book Running Lead Managers

Motilal Oswal Investment Advisors Ltd ,Axis Capital Ltd, IIFL Capital Services Ltd

Registrar (RTA)

KFin Technologies Limited

Q1. What is the business of Rotomag Enertec Limited?
It manufactures DC motors, solar‑powered pumps and photovoltaic string inverters serving industrial, rural and renewable energy sectors in India and abroad.
Q2. Why is the company raising funds via IPO?
Rotomag Enertec is raising funds via IPO to redeem non‑convertible debentures, boost working capital and support general corporate growth plans.
Q3. What is the size of the issue and where will it list?
The issue size of the IPO consists a Fresh Issue of up to ₹500 crore and an OFS of up to 2.40 Cr equity shares. It will be listed on the BSE & NSE platform.
Q4. What are the risks to an investor?
Key risks to invest in the IPO include uncertain price band & allotment dates, cyclical industrial demand, raw material cost volatility and competitive pressures.
Q5. What are the potential upsides?
Positive side to invest in the IPO include fast‑growing renewable demand, export footprint, diversified industrial product range and strong recent profit growth.
Q6. How to apply for the IPO?
You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO subscription opens.
Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.