IPO News: Rentomojo Ltd is planning to list its shares publicly. Rentomojo has already sought SEBI approval to raise funds via IPO.

Rentomojo said that it has filed draft papers or preliminary papers (DRHP) with SEBI for IPO.

Rentomojo IPO will have both a fresh issue and an OFS component. Rentomojo will raise Rs 150  via the fresh issue.

Under the Rentomojo IPO's OFS, existing shareholders will offload 2,83,99,567 shares.

Rentomojo has said that it will use funds raised via the fresh issue towards reducing debt. It will also use money to lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes.

Rentomojo is an online rental and subscription platform for home furniture and appliances. Rentomojo was founded by Geetansh Bamania.