Rentomojo Ltd, an online rental and subscription platform for home furniture and appliances, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an offer-for-sale (OFS) of up to 2,83,99,567 equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Friday. The company proposes to utilise the proceeds from the fresh issue towards payment of debt, lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes. Founded by Geetansh Bamania, the company operates a technology-driven, full-stack direct-to-consumer (D2C) platform offering rental and subscription services for furniture and home appliances across India. Rentomojo is the largest player in the organised online rental segment for furniture and appliances, with an estimated market sh
The three IPOs that closed on Friday managed to scrape through, even as fresh turbulence gripped the secondary market
Central Mine Planning raised ₹1,842.12 crore through its initial public offering (IPO), which comprises an offer for sale (OFS) of 107.1 million equity shares.
Central Mine Planning & Design Institute, Amir Chand Jagdish Kumar, Powerica, and Sai Parenteral, are set to debut on the stock exchanges
Among the three IPOs set to close for subscription today, only Amir Chand Jagdish Kumar has been fully subscribed, while Powerica, and Sai Parenteral's are yet to be fully booked
When compared with issue prices, around 68 per cent of mainboard IPOs and nearly 70 per cent of SME listings are currently trading below their offer price
For FII's, the favored markets over last two years have been countries that were beneficiaries of new age tech and artificial intelligence (AI), he said.
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Ambani's Jio Platforms is set to file for approval of its IPO in Mumbai as early as this week
Central Mine Planning IPO allotment today: Check share allocation status, latest GMP, and tentative listing date here
Temasek-backed Manipal Hospitals has filed its DRHP for a $1 billion-plus IPO, which could become the largest public issue in India's healthcare sector
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Central Mine Planning IPO comprises a fresh issue of 107.1 million equity shares worth up to ₹1,842.12 crore
The share sale will include an offer by existing investors to sell as many as 43.23 million shares, representing a 3.66 per cent stake, alongside a fresh issue of shares worth ₹8,000 crore
Brokerages remain divided on the investment case for Amir Chand Jagdish Kumar (Exports), with some recommending subscription on the back of growth prospects, while others flag valuation and governance
Analysts at SBI Securities, and Ashika Institutional Equities have recommended subscribing to the issue for the long term, while those at Swastika Investmart have assigned an 'Avoid' rating
XED Institute may extend its IPO subscription window by three days amid weak demand and global uncertainty, with bids reaching only about 5 per cent so far.
Markets regulator Sebi has introduced a concise and standardised summary of offer documents in the form of a draft abridged prospectus, a move aimed at making IPO disclosures more accessible and investor-friendly. IPO-bound companies will now be required to submit this abridged prospectus alongside their detailed offer documents. The regulator said the document will present key information including the company's business model, financials, promoters, risks, and key performance indicators in a simplified and easy-to-understand format. "Draft abridged prospectus ... shall be submitted along with the updated draft red herring prospectus-I, and shall be hosted on the websites of the issuer, the Board, stock exchanges where specified securities are proposed to be listed and lead manager(s) associated with the issue," Sebi said in a notification dated March 16. The abridged prospectus will be made available on the websites of issuers, stock exchanges, and lead managers to ensure easier
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SBI Securities recommends investors to 'Subscribe' to the issue for the long term, while Swastika advised investors to apply with caution, recommending the issue only for risk-tolerant