Rentomojo IPO: Rentomojo, formerly known as Rentomojo Private Limited and Edunetwork Private Limited, has received the approval from the capital markets regulator Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO), reported Economic Times.
The company, engaged in an online rental and subscription platform for home furniture and appliances, filed a draft red herring prospectus (DRHP) with the market regulator in March this year.
It plans to raise Rs 150 crore via the issue of fresh equity and an offer for sale (OFS) of up to 28 million shares. The face value of each equity share is Rs 1.
