Cyril Amarchand Mangaldas has advised Rentomojo on its initial public offering aggregating to INR 1,255.57 crore. Trilegal acted for the selling shareholders, while Talwar Thakore & Associates (TT&A) advised the book running lead managers on the issue. Hogan Lovells Cadwalader acted as international legal counsel to the BRLMs.
Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services acted as book running lead managers to the offer.
Trilegal advised selling shareholders including Accel India IV (Mauritius) Limited, Edelweiss Discovery Fund – Series I, Chiratae Trust, IDG Ventures India Fund III LLC, ValueQuest S.C.A.L.E Fund, Madison India Opportunities V VCC, GMO Payment Gateway Inc, GMO GFF Limited Partnership and eight other selling shareholders.
The IPO comprised 31,080,978 equity shares aggregating to INR 1,255.57 crore, including a fresh issue of 3,715,449 equity shares aggregating to INR 150 crore and an offer for sale of 27,365,529 equity shares aggregating to INR 1,105.57 crore.
CAM also represented promoter selling shareholder Geetansh Bamania and promoter group selling shareholder Gaurav Bamania in the offer for sale.
Rentomojo operates a technology-driven, full-stack D2C and is the largest online rental and subscription platform for furniture and appliances in India based on live subscribers as of March 31, 2025, and September 30, 2025, and amongst leading home furniture and appliance rental platforms in India, as per subscription revenue during Fiscal 2025.
The CAM transaction was led by partner and Regional Co-head, capital markets – north, Vishal Yaduvanshi, and partner Gayathri Ramachandran, with support from senior associate Surya Rajkumar and associates Anna Kallivayalil, Zubin Ronnie, Maria Palamattom and Aarya Maheshwari.
Partner Bharath Reddy, with support from associate Aarav Prasad, advised on ESOP schemes. Partner and Head of Disputes, South India, Lomesh Kiran Nidumuri, with support from associates Tanisha Kumar and Harshali Sulebhavikar, represented and advised the company and founder on certain disputes filed during the transaction.
TT&A’s team comprised partner Abhinav Kumar, managing associate Shubham Sancheti, senior associate Abhishek Iyer and associates Daniyal Khan and Harsh Shekhar.
The Trilegal capital markets team was led by partners Vijay Parthasarathi and Vinay Sirohia, with support from senior associate Harshvardhan Lahiri and associates Kohsheen Saraf, Esha Alex, Jahnavi Jayasimha Rao and Vansh Dhoka.
Hogan Lovells Cadwalader’s transaction team was led by head of India practice and managing partner of the Dubai office Biswajit Chatterjee , with support from counsel Varun Jetly, and senior associates Suchisubhra Sarkar and Aditya Dsouza.
