India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

<ul>
<li>Rentomojo, a tech-led rental platform for furniture and appliances, has filed its DRHP, marking the first scaled play on India’s subscription-based consumption model entering public markets.</li>
<li>The listing will test whether Indian markets are ready to back “access over ownership” businesses, especially those blending digital platforms with physical asset ecosystems.</li>
<li>Investor focus will center on business model durability, scalability, and category leadership, shaping whether rental-led consumption emerges as a credible long-term consumption theme in India.</li>
</ul>


Rentomojo, a tech-led rental platform for furniture and appliances, has filed its DRHP, marking the first scaled play on India’s subscription-based consumption model entering public markets.
The listing will test whether Indian markets are ready to back “access over ownership” businesses, especially those blending digital platforms with physical asset ecosystems.
Investor focus will center on business model durability, scalability, and category leadership, shaping whether rental-led consumption emerges as a credible long-term consumption theme in India.


Rentomojo's IPO: India's First Pure-Play Furniture Rental Platform Driving Subscription-Led Growth

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/rentmojo-ltd" target="_blank" data-smartkarma-citation="entities:48104:1" rel="noopener">Rentmojo Ltd (RMJL IN)</a> s looking to raise about US$126m in its upcoming India IPO. The deal will be run by Axis, IIFL and Motilal Oswal.</li>
<li>Rentmojo operates a technology-driven, full-stack direct-to-consumer online rental and subscription platform for furniture and appliances in India, spanning across category management, designing, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment.</li>
<li>According to Redseer, it was the largest home furniture and appliances online rental and subscription platform(based on live subscribers) as of FY25 and Sep 30, 2025, and subscription revenue(during FY25).</li>
</ul>



Rentmojo Ltd (RMJL IN) s looking to raise about US$126m in its upcoming India IPO. The deal will be run by Axis, IIFL and Motilal Oswal.
Rentmojo operates a technology-driven, full-stack direct-to-consumer online rental and subscription platform for furniture and appliances in India, spanning across category management, designing, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment.
According to Redseer, it was the largest home furniture and appliances online rental and subscription platform(based on live subscribers) as of FY25 and Sep 30, 2025, and subscription revenue(during FY25).


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Contemporary Amperex Technology / Equity Capital Markets

Contemporary Amperex Technology (3750 HK)

<ul>
<li>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, all eyes will on <a href="https://www.smartkarma.com/entities/victory-giant-technology-a" target="_blank" data-smartkarma-citation="entities:25395:1" rel="noopener">Victory Giant Technology -A (300476 CH)</a> as it completes one of the largest A/H listings.</li>
<li>On the placement front, there weren't many large deals given the ongoing market volatility, we did look at the news of a possible raising by <a href="https://www.smartkarma.com/entities/contemporary-amperex-technolog" target="_blank" data-smartkarma-citation="entities:24404:1" rel="noopener">CATL(300750 CH)</a>.</li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, all eyes will on Victory Giant Technology -A (300476 CH) as it completes one of the largest A/H listings.
On the placement front, there weren't many large deals given the ongoing market volatility, we did look at the news of a possible raising by CATL(300750 CH).


Aequitas ECM Weekly (20 April 2026)-CATL, Victory Giant, Sigenergy, Gpixel, Huaqin, MTT, JST

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Rentmojo Ltd (RMJL IN)

Rentomojo's IPO: India's First Pure-Play Furniture Rental Platform Driving Subscription-Led Growth

Rentomojo files DRHP, testing Indian markets' readiness for subscription-based consumption model and rental-led consumption as a credible long...

Sudarshan Bhandari

Aequitas: Rentmojo Ltd Pre-IPO Tearsheet

Rentmojo Ltd is looking to raise about US$126m in its upcoming India IPO. The deal will be run by Axis, IIFL and Motilal Oswal.

Akshat Shah

Aequitas ECM Weekly (20 April 2026)-CATL, Victory Giant, Sigenergy, Gpixel, Huaqin, MTT, JST

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Rentomojo's IPO: India's First Pure-Play Furniture Rental Platform Driving Subscription-Led Growth

​Rentomojo files DRHP, testing Indian markets' readiness for subscription-based consumption model and rental-led consumption as a credible long...

Sudarshan Bhandari

Aequitas: Rentmojo Ltd Pre-IPO Tearsheet

Rentmojo Ltd is looking to raise about US$126m in its upcoming India IPO. The deal will be run by Axis, IIFL and Motilal Oswal.

Akshat Shah

Aequitas ECM Weekly (20 April 2026)-CATL, Victory Giant, Sigenergy, Gpixel, Huaqin, MTT, JST

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh

Rentomojo files DRHP, testing Indian markets' readiness for subscription-based consumption model and rental-led consumption as a credible long...