Early Rentomojo investor could see 152x gains from IPO, report says
A report by Entrackr suggests that Rentomojo's upcoming IPO might bring significant profits to its initial backers, with one investor potentially seeing returns as high as 152x. Current shareholders are set to offload shares valued at ₹1,106 crore via an Offer for Sale (OFS). Nitish Mittersain, the founder of Nazara Technologies and Rentomojo's inaugural startup investor, is offloading shares worth ₹6 crore and stands to gain 152x, while Accel is expected to secure 8.63x returns.
by shortkt.com✓