Rentomojo flags supplier dependence, city concentration among key IPO risks
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New Delhi (Uttam Hindu News) - Rentomojo, a company providing furniture and home appliances on rent, has filed a draft red herring prospectus ahead of its Rs 1,255.57 crore initial public offering (IPO). The post Rentomojo reveals business challenges ahead of IPO appeared first on uttamhindu.com.
Rentomojo flags supplier dependence, city concentration among key IPO risks
Digital Desk | New Delhi, Sep 9 (IANS) Furniture and appliance rental platform Rentomojo has flagged dependence on third-party suppliers, concentration of revenue in major cities and subscriber payment defaults among key risks to its business in its draft red herring prospectus (RHP) for its Rs 1,255.57-crore initial public offering. The company said disruptions in vendor supplies, higher procurement costs or quality issues could affect invent…
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