Key Quantitative Figures
- IPO Gross Proceeds (Fresh Issue): ₹ 1,500.00 million
- Total Funds Utilised as of September 30, 2026: ₹ 929.80 million
- Unutilised Proceeds as of September 30, 2026: ₹ 570.20 million
Breakdown of Fund Utilisation:
| Object | Original Allocation (₹ million) | Amount Utilised (₹ million) |
| Repayment of borrowings & interest | 700.00 | 700.00 |
| Payment of lease rental/license fee for premises | 425.00 | 80.98 |
| General Corporate Purposes | 288.72 | 119.02 |
| Issue expenses | 86.28 | 29.80 |
| Total | 1,500.00 | 929.80 |
Deployment of Unutilised Proceeds (₹ 570.20 million):
- Fixed deposits with RBL Bank Limited (4 deposits): ₹ 120.00 million
- Fixed deposits with Axis Bank Limited (8 deposits): ₹ 300.00 million
- Balance in Public Issue Account (ICICI Bank Limited): ₹ 56.48 million
- Balance in Monitoring Account (ICICI Bank Limited): ₹ 93.72 million
Dates of Action
- IPO Issue Period: September 9, 2026 to September 11, 2026
- Listing Date: September 17, 2026
- Quarter End Date for Report: September 30, 2026
- Audit Committee Review Meeting: November 10, 2026
- Monitoring Agency Report Date: November 12, 2026
- Filing Date: November 12, 2026
Parties Involved
- Listed Entity: Rentomojo Limited
- Regulatory Recipients: BSE Limited, National Stock Exchange of India Limited
- Monitoring Agency: Crisil Ratings Limited
- Banking Partners: ICICI Bank Limited (Public Issue & Monitoring Accounts), RBL Bank Limited (Fixed Deposits), Axis Bank Limited (Fixed Deposits)
- Company Representative: Deepika Bhandiwad, Company Secretary & Compliance Officer (Membership No.: A46156)
Stated Rationale and Purpose
The purpose of this filing is to comply with SEBI mandates requiring quarterly disclosure on the utilisation of proceeds from a public issue. The company confirms that the funds are being used strictly in line with the objects stated in the Prospectus dated September 11, 2026.
Financial and Operational Impact
- No Deviation Confirmed: The company explicitly states there is no deviation or variation in the utilisation of IPO proceeds from the objects stated in the Prospectus.
- General Corporate Purposes Breakdown: The ₹119.02 million utilised under this head comprises operating cost (contractual manpower costs) of ₹117.74 million and repair & maintenance of ₹1.28 million. The Board of Directors approved this quantum via a resolution dated November 10, 2026.
- Issue Expenses Detail: Of the ₹29.80 million utilised for issue expenses, ₹18.02 million was initially incurred from internal accruals prior to receipt of IPO proceeds and was subsequently reimbursed from the Monitoring Account during the quarter.
- Capital Structure: The IPO comprised a fresh issue of 37,14,482 equity shares (face value ₹1, issue price ₹404 including a premium of ₹403) aggregating to ₹1,500.00 million and an offer for sale of 2,73,65,529 equity shares aggregating to ₹11,055.67 million.
Comments from Oversight Bodies
- Audit Committee Comments: Nil
- Auditors Comments: Nil
- Monitoring Agency Report: Enclosed from Crisil Ratings Limited, dated November 12, 2026. No adverse findings are reported in the summary.