Archive · 22 Sep 2026
Furlenco Plans ₹1,200 Crore IPO At ₹7,000 Crore Valuation
Furlenco rents furniture and appliances to customers in India.
The company is considering selling shares to the public in FY28.
It hopes to raise between ₹1,000 crore and ₹1,200 crore.
Furlenco is seeking a value of about ₹7,000 crore, but that amount could change.
The company became profitable in FY25 and earned a larger profit in FY26.
Its revenue also grew strongly during FY26.
Furlenco may appoint ICICI Securities to help plan the IPO.
Its rival RentoMojo recently had a strong stock-market debut, encouraging interest in this business sector.
Furlenco is reportedly planning to raise ₹1,000–1,200 crore through an IPO in FY28.
The Bengaluru-based startup is seeking an approximately ₹7,000 crore valuation, subject to market conditions and investor feedback.
Furlenco is expected to appoint ICICI Securities as an advisor for the proposed issue.
The company reported ₹370.4 crore in operating revenue and ₹59.5 crore in net profit in FY26.
The IPO plan follows rival RentoMojo’s ₹1,255.6 crore issue and 19.42% premium listing on the NSE.
- Who
- Furlenco, a Bengaluru-based furniture and appliance rental startup founded by Ajith Mohan Karimpana.
- What
- The company is reportedly preparing a ₹1,000–1,200 crore IPO at an estimated valuation of around ₹7,000 crore.
- When
- Furlenco is targeting FY28; its FY26 financial results were also cited in the report.
- Where
- Furlenco operates across 28 cities, including Bengaluru, Mumbai, Delhi NCR, Chennai, and Kolkata.
- Why
- The company has become profitable, expanded revenue, and is seeking capital through a public issue; the plan also follows RentoMojo’s recent listing.
- Proposed IPO size
- ₹1,000–1,200 crore
- Target valuation
- Approximately ₹7,000 crore
- Planned timeline
- FY28
- FY26 operating revenue
- ₹370.4 crore, up from ₹228.7 crore
- FY26 net profit
- ₹59.5 crore, compared with ₹3.1 crore in FY25
- FY26 EBITDA
- ₹129.5 crore, with a 35.01% margin
- Operating footprint
- More than 300 SKUs across 28 cities