Rentomojo files draft papers with Sebi for IPO; plans Rs 150-cr fresh issue

Online rental platform Rentomojo Ltd has filed preliminary papers with Sebi for an IPO, aiming to raise funds through a fresh issue of Rs 150 crore and an offer-for-sale. The company plans to use the proceeds for debt repayment, warehouse expenses, and general corporate needs. Rentomojo is a leading player in the organized online rental segment for furniture and appliances.

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