Mainboard
IPO ·
NSE, BSE
Rentomojo Ltd
Listed
Online subscription rental platform for furniture and home appliances, with refurbishment-based resale.
Issue details
Price band
₹384 – ₹404
Face value
₹1
Lot size
37 shares
Minimum investment
₹14,948
Issue size
₹1,255.57 Cr
Fresh issue
₹150.06 Cr
Offer for sale
₹1,105.51 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
9 Sep 2026
Closes
11 Sep 2026
UPI mandate cut-off
5:00 PM on 11 Sep 2026
Allotment
15 Sep 2026
Refunds
16 Sep 2026
Shares in demat
16 Sep 2026
Listing
17 Sep 2026
Subscription and listing
Subscription
51.13x
Listing price
₹482.45
Registrar
KFin Technologies Ltd
Lead manager
Motilal Oswal Investment Advisors, Axis Capital, IIFL Capital Services
Subscription by category
Total
51.13x
Total applications
43,00,456
Anchor investors
Amount raised
₹376.07 Cr
Bid date
8 Sep 2026
50% lock-in ends
14 Oct 2026
Rest lock-in ends
13 Dec 2026
Listing day
Issue price
₹404
Open
₹482.45
High
₹546.80
Low
₹482.45
Day close
₹534.25
Listing gain at open
+19.42%
Issue structure
Shares reserved per category and share of the total issue
QIB
1,55,14,446
49.92%
Anchor Investor
93,08,667
29.95%
QIB (Ex. Anchor)
62,05,779
19.97%
NII
46,54,335
14.97%
bNII > ₹10L
31,02,890
9.98%
sNII < ₹10L
15,51,445
4.99%
Retail
1,08,60,114
34.94%
Employee
52,083
0.17%
Total
3,10,80,978
100.00%
Finaccle’s quick read
Avoid
About 88% of the ₹1,256 Cr issue is OFS, and the post-issue P/E is 40.73. This is despite PAT rising from ₹43.11 Cr to ₹104.30 Cr in FY26.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Rentomojo is a Bengaluru-based online platform that rents furniture and home appliances such as beds, sofas, fridges, washing machines and TVs to consumers on subscription. As of March 2026 it had about 2.54 lakh live subscribers in 29 cities, served through 82 experience stores and 20 warehouses. FY26 income was about ₹394 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
43.51%
ROCE
25.34%
Debt / equity
0.63
PAT margin
26.95%
P/E post issue
40.73
Market cap
₹4,246.30 Cr
Use of IPO money
Repayment/prepayment of borrowings
₹70.00 Cr
Lease rental for warehouses and experience stores
₹42.50 Cr
General corporate purposes
₹28.87 Cr
Issue expenses
₹71.83 Cr
Strengths
✓
Large subscriber base across 29 cities
✓
Recurring rental revenue with EBITDA margin above 40%
✓
Income doubled and PAT rose more than 4x from FY24 to FY26
✓
Combines online sales, stores and refurbished resale
Risks to watch
!
About 88% of the issue is OFS (₹1,105.5 Cr of ₹1,256 Cr)
!
Rich post-issue P/E of 40.73 and P/B above 14x
!
Promoter holding below 20% after the issue
!
PAT more than doubled in FY26, just before the IPO
!
Rental assets need steady capex and lease spending
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.