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The Economic Times
The Economic Times
Kumar Gaurav

Rentomojo IPO may unlock 152x gain for Nazara Tech founder Nitish Mittersain

Nitish Mittersain Rentomojo IPO India OFS

Rentomojo’s initial public offering (IPO), which opens for subscription on Tuesday, September 9, 2026, could help Nazara Technologies founder Nitish Mittersain realise a gain of around 152 times his disclosed acquisition cost on the portion of his shares being sold in the issue.

The furniture and appliance rental startup is looking to raise Rs 1,255.57 crore through its maiden public offering. The IPO comprises a fresh issue of 37.15 lakh shares aggregating to Rs 150 crore and an offer for sale (OFS) of up to 2.74 crore shares worth Rs 1,105.57 crore.

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