Rentomojo Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by Crisil Ratings Limited, outlines the utilization of funds raised through its Initial Public Offer (IPO). Key uses detailed include repayment of borrowings, lease rentals for warehousing, and general corporate purposes, reflecting adherence to the disclosed objectives.
Rentomojo Limited Monitoring Agency Report for Q3 2026
Rentomojo Limited has released its Monitoring Agency Report for the quarter concluding on September 30, 2026. This report, prepared by Crisil Ratings Limited, provides an overview of how the proceeds from the company’s Initial Public Offer (IPO) have been utilized during the period.
IPO Proceeds Utilization
The report details the allocation of the IPO proceeds against the objectives stated in the offer document. The primary areas of fund utilization include:
- Repayment/prepayment of certain outstanding borrowings and accrued interest thereon: An amount of ₹700.00 million was allocated for this purpose.
- Payment of lease rental/license fee for warehouses and experience stores: ₹425.00 million was utilized for these operational facilities.
- General Corporate Purposes: The remaining ₹288.72 million was allocated towards general corporate purposes, which include operating costs and repair and maintenance expenses.
Issue expenses accounted for ₹86.28 million. The total gross proceeds from the issue were ₹1,500.00 million.
Progress and Comments
The report indicates that the utilization of proceeds is in line with the disclosures made in the offer document. There were no major deviations observed, and all necessary government/statutory approvals related to the objectives have been obtained. The Monitoring Agency has confirmed that the proceeds were utilized towards the stated objects and issue expenses, with no specific comments from the Board of Directors on deviations or proposed actions.
Unutilized Proceeds
As of September 30, 2026, a portion of the proceeds remained unutilized, primarily deployed in fixed deposits with RBL Bank and Axis Bank, as well as maintaining balances in ICICI Bank accounts. The total amount of unutilized proceeds deployed in these instruments was ₹570.20 million.
Source: BSE
