Rentomojo to raise Rs 1,256 crore via IPO; rich valuation a concern

Rentomojo plans a ₹150 crore fresh issue and ₹1,105.6 crore offer for sale. The company shows strong revenue growth and improving profitability metrics. Active subscribers have significantly increased while occupancy rates have moderated. A co-founder's legal petition poses a potential risk to the stock. Investors with high-risk appetite may consider this upcoming IPO.