I went through the RHP. Here’s my simple view:Business: Furniture, appliances & electronics on monthly subscription/rental.FY26:* Revenue: →₹387 Cr* PAT: →₹104 Cr* 2.53 lakh live subscribers* 29 citiesFinancials: Strong improvement. Revenue almost doubled from FY24, while PAT grew much faster — showing better profitability. IPO: →₹1,256 Cr* Fresh Issue: →₹150 Cr* OFS: →₹1,106 Cr* ₹70 Cr → Debt repayment* ₹42.5 Cr → Lease payments Key Concerns:* Asset-heavy business* Debt & lease liabilities* Promoter-related NCLT dispute* Large OFS componentValuation: At ₹404, market cap ~₹4,000 Cr → P/E ~38x.My ViewBusiness: Good Financials: Strong Governance: Watch Valuation: Expensive Good business, but not a cheap IPO.The key question is not Is Rentomojo a good company?It is "How much should we pay for its growth?"For educational/research purposes only, not an investment recommendation.
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