Rentomojo IPO at Rs 4,246 Cr: 88% OFS and a 5x Valuation Jump
Rentomojo will price its IPO at a Rs 4,246 crore post-money valuation — a 5x step-up from its 2024 private round — but the deal's structure and earnings quality will dominate investor debate. With 88% of the Rs 1,256 crore issue earmarked for the OFS and a one-time Rs 36.6 crore tax credit inflating the 142% profit surge, the listing is as much an exit for early backers as a capital event for the company.
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