Rentomojo secures SEBI nod for IPO, eyes ₹150-crore fresh share sale
The online rental and subscription service Rentomojo has been granted clearance by SEBI for its upcoming initial public offering. The plan includes a fresh issuance of equity shares valued at ₹150 crore. Additionally, the IPO will feature an offer for sale involving up to 2.84 crore equity shares from current investors. The firm had submitted its draft red herring prospectus to the market watchdog on April 1.
by shortkt.com✓