RentoMojo Files RHP, Trims OFS To 2.7 Cr Shares

Months after receiving the markets regulator’s nod for its IPO , furniture and appliance rental startup RentoMojo has filed its red herring prospectus (RHP) with the Securities and Exchange Board of India (SEBI). As per the RHP, the startup plans to raise ₹150 Cr via a fresh issue of shares. However, RentoMojo has trimmed the size of the offer for sale (OFS) component to up to 2.7 Cr shares, down from 2.84 Cr shares proposed in its DRHP.