Rentomojo's ₹1,256 crore IPO allotment is expected to be finalised today after the issue witnessed exceptional demand with nearly 73 times subscription. The grey market premium has strengthened to ₹142, indicating a potential 35% listing gain when shares debut on NSE and BSE on September 17, 2026. As per The Financial Express, investors who subscribed to the IPO can now check their allotment status through multiple platforms including BSE, NSE, and KFin Technologies. The IPO opened for subscription on September 9, 2026, and closed on September 11, 2026, with the grey market premium suggesting an estimated listing price of ₹546 per share.
The IPO demonstrated remarkable category-wise demand across all investor segments. The retail individual investor (RII) quota was subscribed 15.59 times, with retail individual investors bidding for shares against the 1.08 crore shares reserved for them. The Non-Institutional Investors (NIIs) category recorded the strongest demand, with subscriptions reaching 67.93 times the 46.54 lakh shares allocated to the segment. Meanwhile, Qualified Institutional Buyers (QIBs) subscribed 177.29 times of their allotted quota of 62.05 lakh shares. Retail investors can place bids for a minimum of 37 shares, with subsequent bids required to be made in multiples of 37. At the upper end of the price band, ₹404 per share, a single lot would cost ₹14,948.
Rentomojo operates as a direct-to-consumer online rental and subscription platform for furniture, appliances and consumer durables. Instead of making an outright purchase, customers can rent or subscribe on a monthly basis to products such as beds, mattresses, wardrobes, sofas, televisions, washing machines, refrigerators and water purifiers. The company also provides delivery, installation, maintenance and relocation services. As of September 30, 2025, Rentomojo had 728,773 live products and 227,511 subscribers across 22 cities, with offerings spanning furniture and appliances from brands such as Haier, Wakefit, Livpure and Duroflex, alongside its growing private-label portfolio. Its omnichannel model includes 67 experience stores and 21 warehouses covering 444,486 sq. ft., supporting inventory management, fulfilment and asset lifecycle operations.
Ahead of the IPO, Rentomojo raised ₹376.07 crore from anchor investors on September 8, 2026, allotting 93.08 lakh shares to 41 anchor investors at ₹404 per share. The anchor allocation included global investors such as BlackRock, Goldman Sachs and Theleme Partners, along with domestic mutual funds 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. The IPO comprises a fresh issue of 37.15 lakh equity shares worth ₹150 crore and an Offer-for-Sale of 2.73 crore equity shares valued at ₹1,105.57 crore, with a price band of ₹384-404 per share and face value of ₹1 per share. At the upper end of the price band, Rentomojo is seeking a market capitalisation of ₹4,206 crore. Motilal Oswal Investment Advisors Ltd., Axis Capital and IIFL Capital Services are acting as the merchant bankers for the issue, while Kfin Technologies Ltd. is the registrar to the IPO.
Rentomojo reported a 142% year-on-year increase in profit to ₹104.2 crore in FY26, compared with ₹43.1 crore in FY25. Revenue increased 45.5% to ₹387 crore from ₹266 crore during the same period. The fresh issue proceeds will primarily be used to reduce the company's debt and meet lease-related obligations. ₹70 crore is earmarked to repay or prepay borrowings and accrued interest, while ₹42.5 crore is allocated for lease rentals or licence fees for warehouses and experience stores. The balance will go towards general corporate purposes. The basis of allotment is scheduled for September 15, 2026, followed by refunds and demat credit on September 16, 2026, with the stock expected to debut on September 17, 2026 on both BSE and NSE.
