According to The Financial Express, Rentomojo's ₹1,256 crore IPO opened for subscription on September 9, 2026, with the issue closing on September 11, 2026. The stock is commanding a grey market premium (GMP) of around 35% over its issue price, signalling strong expectations for listing gains. For retail investors, one lot comprises 37 shares requiring a minimum investment of ₹14,948 per lot. 35% of the offer is reserved for retail investors, while 50% is allocated to institutional investors (QIB) and the remainder for Non-Institutional Bidders (NII). The company is targeting a market cap of ₹4,206 crore at the upper price band. The share allotment is expected to be finalised on September 15, with shares proposed to be listed on both NSE and BSE on September 17, 2026. As per The Financial Express, the Bengaluru-based firm's IPO is being handled by Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services, while KFin Technologies is the registrar to the issue.
According to CNBC TV18, Rentomojo's IPO received 4.70x subscription as of 17:00 IST on Day 3, with the issue receiving bids for 10.24 crore shares against 2.17 crore shares on offer. The non-institutional investor portion was subscribed 11.59 times, while the retail individual investor (RII) quota was booked 4.18 times. In the grey market, Rentomojo shares were commanding a premium of ₹135 per share, implying a premium of more than 33% over the upper price band of ₹404 per share. The qualified institutional buyer (QIB) portion was subscribed 0.45 times. According to The Financial Express, the lot size for retail investors ranges from 1 to 13 lots, while small high-net-worth individuals can bid for 14 to 66 lots and big HNIs can bid for 67 or more lots. The maximum retail application is 13 lots, requiring an investment of ₹1,94,324 at the upper price band.
According to NDTV Profit, Rentomojo is leading the IPO listing-gain race among three public issues that opened for subscription on September 9, 2026. The company's grey market premium of 35.40% translates to an estimated listing price of ₹547 against the upper price band of ₹404 per share. Asset Reconstruction Company (India) IPO follows with a 17.27% premium*, while Manipal Payment and Identity Solutions commands a modest 2.36% premium. Rentomojo offers the highest GMP-based gain per lot at ₹5,291 (₹143 GMP × 37 shares), followed by Asset Reconstruction at ₹2,568 per lot and Manipal Payment at ₹352 per lot. The ₹1,255.57 crore book-built issue comprises a fresh issue of ₹150 crore and an offer for sale of ₹1,105.57 crore, with the price band fixed at ₹384-404 per share.
According to The Economic Times, Rentomojo has successfully raised ₹376.07 crore from anchor investors ahead of its IPO opening on September 8, 2026. The company allotted 93.08 lakh shares to 41 investors at ₹404 per share, with the anchor allocation price including a face value of ₹1 per share and a share premium of ₹403 per share. The strong anchor book participation from both domestic and global investors signals significant institutional interest in the company ahead of the public issue. As per The Economic Times, Grey Market Premium (GMP) rates indicate a premium of ₹134 per share, implying a 33.17% premium compared to the issue price, though GMP rates are speculative in nature and actual listing prices may differ. The subscription details for Day 1 of the issue will be available post 10 am, with the allotment finalisation scheduled for September 15 and refund initiation on September 16.
As reported by The Economic Times, the anchor book saw participation from several large domestic and global investors, including Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, BlackRock Global Funds - India Fund, Theleme Partners, and ICICI Prudential Quality Fund. The strong mutual fund participation signals robust institutional appetite for the company ahead of the public offering. Of the 60.41 lakh shares subscribed by domestic mutual funds, 30 schemes from 16 domestic mutual fund houses participated, including Kotak Mahindra AMC, ICICI Prudential AMC, HDFC AMC, Aditya Birla Sun Life AMC, Mirae Asset, Edelweiss, HSBC Mutual Fund, Motilal Oswal AMC, and Invesco. Insurance companies including HDFC Standard Life, ICICI Prudential Life, Aditya Birla Sun Life, Edelweiss Life, and Bajaj Life picked up 12.62 lakh shares worth ₹51 crore. According to The Economic Times, the company is offering a ₹20-per-share discount to eligible employees bidding in the IPO, which will be adjusted against the applicable issue price.
According to The Economic Times, Rentomojo's IPO comprises a fresh issue of 37.15 lakh shares aggregating to ₹150 crore and an offer for sale (OFS) of up to 2.73 crore shares worth ₹1,105.57 crore. The company has fixed a price band of ₹384-404 per share. Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services are serving as the merchant bankers managing the IPO. The promoter group's stake will fall to 19.9% after the IPO from 21.5%. Under the OFS component, Accel India IV (Mauritius) Ltd, IDG Ventures India Fund III LLC, ValueQuest S.C.A.L.E. Fund, Edelweiss Discovery Fund - Series I, Chiratae Trust, TM Naigama Investment Manager LLP, Madison India Opportunities V VCC, Geetansh Bamania, GMO GFF Ltd Partnership, Renaud Laplanche and GMO Payment Gateway Inc will offload their stakes. The relatively small fresh issue component and significant OFS portion mean a substantial portion of IPO proceeds will go to existing shareholders rather than directly to the company.
According to CNBC TV18, Rentomojo operates a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and appliances in India. As of March 31, 2026, the company had 2.53 lakh live subscribers across 29 cities and 8.51 lakh live items in its portfolio. The company follows an omnichannel model with 82 experience stores across 17 cities, 20 warehouses with a combined area of approximately 5.4 lakh square feet, and an online ordering platform. The company maintains occupancy levels above 80% and recorded an average delivery turnaround time of 2.35 days in Fiscal 2026. The company provides delivery, installation, maintenance and relocation services for products including beds, mattresses, wardrobes, sofas, televisions, washing machines, refrigerators and water purifiers. As per CNBC TV18, Geetansh Bamania, CMD & CEO revealed that the company currently has around 55% market share by subscribers and 42-43% by revenue.
According to CNBC TV18, Rentomojo reported strong financial performance for the fiscal year ended March 2026. The company achieved a consolidated net profit of ₹253.46 crore and sales of ₹1,326.75 crore for the twelve months ended on 31 March 2026. Of the net fresh issue proceeds, ₹70 crore will be utilised to repay debt against total outstanding borrowings of ₹258.3 crore on a consolidated basis. A further ₹42.5 crore will be used to pay lease rentals or licence fees for warehouses and experience stores, while the remaining proceeds will be used for general corporate purposes. As per CNBC TV18, between financial year 2024 and financial year 2026, Rentomojo's revenue from operations grew at a compounded annual growth rate (CAGR) of 41.7%, from ₹192.7 crore to ₹387 crore. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose to ₹163.4 crore in financial year 2026 from ₹78.1 crore in financial year 2024. However, the company's financial year 2026 Profit After Tax (PAT) was boosted by a one-off deferred tax credit of ₹36.64 crore, with PAT standing at ₹104.3 crore in financial year 2026, compared with ₹43.1 crore in financial year 2025. According to The Economic Times, the company has been growing at around 40% annually over the past two years, including roughly 45% growth last year.
