Rentomojo, Moneyview and Manipal Health Receive SEBI Approval for IPO

Three companies, namely Rentomojo, Moneyview and Manipal Health Enterprises, have recently received approval from the Securities and Exchange Board of India (SEBI) to move ahead with their initial public offerings (IPOs).

The approvals pave the way for the companies to launch their public issues, adding to the pipeline of upcoming IPOs across the technology, digital financial services and healthcare sectors.

Rentomojo IPO - Issue Details

• Issue Type: Book-Built Issue
• Total Issue Size: To be announced
• Fresh Issue: Up to ₹150 crore
• Offer for Sale (OFS): Up to 2.84 crore equity shares
• Face Value: ₹1 per share
• Proposed Listing: BSE, NSE
• Book Running Lead Managers (BRLMs): Motilal Oswal Investment Advisors Limited, Axis Capital Limited and IIFL Capital Services Limited
• Registrar to the Issue: KFin Technologies Limited

Utilisation of Rentomojo IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company
• Payment of lease rental/ license fee for the warehouses and experience stores.
• General corporate purposes.

About Rentomojo Limited

Rentomojo is a technology-driven D2C rental and subscription platform for furniture and appliances in India. With 227,511 live subscribers across 22 cities and 728,773 live items as of September 30, 2025, it enables consumers to access home essentials through flexible subscription plans.

The company operates an integrated asset-lifecycle model covering procurement, servicing, refurbishment and redeployment. It offers products from leading brands and its private labels through its online platform and 67 experience stores.

Key Financial Highlights 

Moneyview IPO - Issue Details

• Issue Type: Book-Built Issue
• Total Issue Size: To be announced
• Fresh Issue: Up to ₹1,500 crore
• Offer for Sale (OFS): Up to 13.61 crore equity shares
• Face Value: ₹1 per share
• Proposed Listing: BSE, NSE
• Book Running Lead Managers (BRLMs): Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited
• Registrar to the Issue: MUFG Intime India Private Limited

Utilisation of Moneyview IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Investment to drive growth in loan disbursals under default loss guarantee (DLG) arrangements.
• Investment in Whizdm Finance Private Limited (“WFPL”), a material subsidiary of the Company, to augment its capital base.
• General corporate purposes

About Moneyview Limited

Moneyview is a digital-first financial services platform offering personalised financial products, such as loans, credit cards, insurance, and payments, through its mobile application. It connects customers in Middle India with multiple financial partners through a seamless digital experience.

Powered by AI/ML-driven technology, Moneyview serves users across India without physical branches. As of December 31, 2025, it had 125.49 million registered users and 9.73 million monetized users.

Key Financial Highlights 

Manipal Health Enterprises IPO - Issue Details

• Issue Type: Book-Built Issue
• Total Issue Size: To be announced
• Fresh Issue: Up to ₹8,000 crore
• Offer for Sale (OFS): Up to 43.22 crore equity shares
• Face Value: ₹2 per share
• Proposed Listing: BSE, NSE
• Book Running Lead Managers (BRLMs): Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, UBS Securities India Private Limited and DBS Bank India Private Limited
• Registrar to the Issue: KFin Technologies Limited

Utilisation of Manipal Health Enterprises IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of its material subsidiaries, namely, Manipal Hospitals Private Limited
•  Acquisition of a minority stake in its step-down subsidiary, Sahyadri Hospitals Private Limited
• General corporate purposes.

About Manipal Health Enterprises Limited

Manipal Health Enterprises operates one of India's largest pan-India multispecialty hospital networks, offering services ranging from outpatient care to advanced tertiary and quaternary treatments. As of September 30, 2025, it operated 38 hospitals with 10,761 licensed beds across 14 states and union territories.

The company has a strong presence across Karnataka, Maharashtra, Goa and eastern India, and is the only private hospital chain to lead by bed capacity in Bengaluru, Kolkata and Pune. It further expanded its network by launching its 49th hospital in Bengaluru in November 2025, increasing its licensed bed capacity to 12,631.

Key Financial Highlights 

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