{
  "id": 7783936,
  "title": "RentoMojo IPO: Accel Clocks 8.6X Return, Cofounder Geetansh Bamania Pockets ₹34 Cr",
  "url": "https://urgent.news/2026/09/16/rentomojo-ipo-accel-clocks-8-6x-return-cofounder-geetansh-bamania",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T11:19:31.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/rentomojo-ipo-accel-clocks-8-6x-return-cofounder-geetansh-bamania-pockets-%e2%82%b934-cr/"
  },
  "original_language": "en",
  "account": "RentoMojo, a furniture and appliance rental startup, recently completed its IPO, delivering substantial returns for early backers through its offer-for-sale (OFS) component. Cofounder Geetansh Bamania sold 8.49 lakh shares at ₹404 apiece, pocketing ₹34.31 crore. Initially, Bamania planned to sell 20 lakh shares, but reduced the size of the sale, retaining a 13.37% stake in the company. Institutional investors, such as Accel India and Madison India, also benefited from the IPO, with Accel India achieving an 8.6X return on their 78.47 lakh shares sold. Individual investors experienced significant returns, with Nazara Technologies founder Nitish Mittersain pocketing ₹6 crore on a 152.45X return from selling 1.48 lakh shares. The IPO raised ₹1,255.6 crore, consisting of a fresh issue of shares worth ₹150 crore and an OFS of up to 2.74 crore shares worth ₹1,105.6 crore.",
  "summary": "Furniture and appliance rental startup RentoMojo’s IPO has delivered sizeable returns for its early backers through its offer-for-sale (OFS) component,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}