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    Rentomojo IPO

    Updated 11 Sept 2026, 5:03 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Retail)

    ₹14,948

    1 lot · 37 shares at the upper price band

    Price band

    ₹404

    Latest GMP

    ₹143

    +35.4% of the ₹404 upper band

    Est. listing price

    ₹542

    Issue size

    ₹1255.57 Cr

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    11 Sept 2026, 5:03 pm₹143₹542
    11 Sept 2026, 5:01 pm₹138₹542
    11 Sept 2026, 12:50 pm₹140₹542
    11 Sept 2026, 12:49 pm₹138₹542
    11 Sept 2026, 8:05 am₹138₹542
    11 Sept 2026, 8:03 am₹138₹542
    11 Sept 2026, 7:00 am₹138₹542
    11 Sept 2026, 6:55 am₹138₹542
    11 Sept 2026, 6:50 am₹138₹542
    11 Sept 2026, 6:28 am₹138₹542
    10 Sept 2026, 6:17 pm₹140₹548
    10 Sept 2026, 5:37 pm₹143₹548
    10 Sept 2026, 5:30 pm₹144₹548
    10 Sept 2026, 5:00 pm₹143₹548
    10 Sept 2026, 4:59 pm₹144₹548
    10 Sept 2026, 12:56 pm₹143₹548
    10 Sept 2026, 12:55 pm₹144₹548
    10 Sept 2026, 11:20 am₹143₹548
    10 Sept 2026, 8:08 am₹144₹548
    10 Sept 2026, 6:13 am₹144₹548
    10 Sept 2026, 6:10 am₹144₹548
    10 Sept 2026, 6:09 am₹144₹548
    9 Sept 2026, 5:09 pm₹135₹539

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    Mainboard
    Price band
    ₹404
    Issue size
    ₹1255.57 Cr
    Lot size
    37
    Opens
    9 Sept 2026
    Closes
    11 Sept 2026
    Allotment
    15 Sept 2026
    Listing
    17 Sept 2026
    Est. listing price
    ₹542
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Kfin Technologies Ltd.
    Minimum investment
    ₹14,948 (1 lot · 37 shares)
    Face value
    ₹1 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital cum OFS
    Fresh issue
    ₹150 Cr
    Offer for sale
    ₹1,106 Cr
    Listing at
    BSE, NSE
    Refunds
    16 Sept 2026
    Shares credited
    16 Sept 2026
    Promoter holding
    21.49% before · 19.94% after
    Lead managers
    Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., IIFL Capital Services Ltd.

    Subscription by category

    As of 11 Sept 2026, 5:28 am.

    Total subscription

    7.78x

    Qualified Institutional0.47×
    Non Institutional21.03×
    Retail Individual6.29×
    Employee Reservations6.32×

    Full issue details

    Details as published for this issue, read 11 Sept 2026, 8:17 am. Verify against the RHP before applying.

    IPO Details

    IPO Date9 to 11 Sep, 2026
    Listing DateThu, Sep 17, 2026 T
    Face Value₹ 1 per share
    Price Band₹384 to ₹404
    Issue Price₹404 per share
    Lot Size37 Shares
    Sale TypeFresh capital cum OFS
    Issue TypeBookbuilding IPO
    Listing AtBSE, NSE
    Employee Discount₹ 20.00
    Total Issue Size3,10,80,978 shares (agg. up to ₹ 1,256 Cr)
    Fresh Issue37,15,449 shares (agg. up to ₹ 150 Cr)
    Offer for Sale2,73,65,529 shares of ₹ 1 (agg. up to ₹ 1,106 Cr)
    Share Holding Pre Issue10,13,91,096 shares
    Share Holding Post Issue10,51,06,545 shares

    IPO Timetable (Tentative)

    IPO Open
    Wed, Sep 9, 2026
    IPO Close
    Fri, Sep 11, 2026
    Allotment
    Tue, Sep 15, 2026
    Refund
    Wed, Sep 16, 2026
    Credit of Shares
    Wed, Sep 16, 2026
    Listing
    Thu, Sep 17, 2026

    Issue Reservation

    Investor CategoryShares% of Net Issue% of Total IssueMax Allottees
    QIB1,55,14,44750.00%49.92%NA
    − Anchor Investor93,08,66729.95%NA
    − QIB (Ex. Anchor)62,05,78019.97%NA
    NII (HNI)46,54,33415.00%14.97%NA
    − bNII > ₹10L31,02,8899.98%5,990
    − sNII < ₹10L15,51,4454.99%2,995
    Retail1,08,60,11335.00%34.94%2,93,516
    Preferential Reservations
    Employee52,0830.17%NA
    Total3,10,80,977100.00%100.00%

    Rentomojo IPO comprises a total issue size of 3,10,80,977 shares. The net offer to the public is 3,10,28,894 shares, after excluding 52,083 shares under a preferential allotment. Of the Net offer 1,55,14,447 (50.00%) are allocated to QIB , 46,54,334 (15.00%) allocated to NII 1,08,60,113 (35.00%) allocated to RII .

    IPO Lot Size

    ApplicationLotsSharesAmount
    Retail (Min)137₹14,948
    Retail (Max)13481₹1,94,324
    S-HNI (Min)14518₹2,09,272
    S-HNI (Max)662442₹9,86,568
    B-HNI (Min)672479₹10,01,516

    Investors can bid for a minimum of 37 shares and in multiples thereof.

    IPO Subscription Details

    IPO Anchor Investors

    Bid DateTue, Sep 8, 2026
    Shares Offered93,08,667
    Anchor Portion (₹ Cr.)376.07
    Anchor lock-in period end date for 50% shares (30 Days)Thu, Oct 15, 2026
    Anchor lock-in period end date for remaining shares (90 Days)Mon, Dec 14, 2026

    Rentomojo IPO raises ₹ 376.07 crore from anchor investors . Rentomojo IPO Anchor bid date is September 8, 2026 .

    📝 Anchor Investors Letter (PDF)

    IPO Anchor Investors List

    Investor Category Reservations

    CategoryLimitCut-off
    RIIUp to ₹2 LakhsYes
    sNII₹2 Lakhs – ₹10 LakhsNo
    bNIIAbove ₹10 LakhsNo
    Employee (EMP)Up to ₹5 LakhsYes
    Employee + RII/NIIUp to ₹5Lakhs (EMP) + RII/NII limitsYes (EMP/RII)

    About Rentomojo Ltd.

    Incorporated in April 2012, Rentomojo Limited is a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and appliances in India.The Company provides consumers with affordable, flexible and long-term subscription plans for home furniture and appliances, enabling them to rent, return, upgrade and relocate products without the need for large upfront purchases or long-term ownership commitments. Its product portfolio includes essential home products such as beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers, comprising 851,184 live items as of March 31, 2026.

    Rentomojo operates through an integrated asset-lifecycle model covering category management, product design, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment. This full-stack approach enables the Company to manage its assets across multiple deployment cycles, improve occupancy and capital efficiency, and provide consistent service throughout the subscription lifecycle. The Company operates through an omni-channel model, combining its online ordering platform with 82 experience stores across India as of March 31, 2026.

    As of March 31, 2026, the Company had 253,825 live subscribers across 29 cities in India. It operates 20 warehouses with an aggregate warehousing area of 538,933 sq. ft. and has a network of trained service professionals and logistics partners supporting delivery, installation, maintenance, repairs, relocation and reverse logistics. The Company recorded an average delivery turnaround time of 2.35 days in Fiscal 2026 and maintained an occupancy rate of 83.34% during Fiscal 2026.

    The Company operates at the intersection of e-commerce, subscription and re-commerce, integrating its e-commerce, subscription and re-commerce stacks across the consumer and asset lifecycle. This model is designed to generate recurring revenue, extend asset life through refurbishment and redeployment, improve occupancy and reduce new capital expenditure. The Company has also expanded its product portfolio through private-label furniture and appliances, including refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited and its own branded water purifiers.

    As of March 31, 2026, Rentomojo had 835 permanent employees and 1,772 contractual workforce personnel, supporting its operations across 29 cities in India.

    Competitive Strengths

    Consistently profitable D2C player since Fiscal 2023.

    Strong subscriber base and extensive product portfolio.

    Marquee institutional investors and established sponsorship base.

    Predictable recurring revenues and high return on capital employed.

    Omni-channel presence through online platform and experience stores.

    Leading furniture and appliance rental and subscription platform in India.

    Full-stack asset-lifecycle management supporting multiple asset deployments.

    Integrated business model combining e-commerce, subscription and re-commerce.

    Company Financials (Restated)

    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets641.12449.87366.20
    Total Income394.09271.96195.80
    Profit After Tax104.3043.1122.41
    EBITDA163.46118.4478.15
    NET Worth295.81183.61139.61
    Reserves and Surplus291.71182.94138.94
    Total Borrowing187.59154.58147.22
    Amount in ₹ Crore

    Rentomojo Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2026 and March 31, 2025.

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    IPO Objects of the Issue

    #Issue ObjectsEst Amt (₹ Cr.)
    1Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company70.00
    2Payment of lease rental/ license fee for our warehouses and experience stores42.50
    3General corporate purposes
    Total112.50

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2026Mar 31, 2025
    ROE43.51%26.67%
    ROCE25.34%25.14%
    Debt/Equity0.630.84
    RoNW43.51%26.67%
    PAT Margin26.95%16.21%
    EBITDA Margin41.48%43.55%
    NAV28.6517.81
    Price to Book Value14.1022.68

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)10.299.92
    P/E (x)39.2640.73
    Market Cap at Offer Price₹4,096.20 Cr.₹4,246.30 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

    Shareholding Structure

    CategoryPre IPOPost IPO
    Promoter and Promoter Group21.49%19.94%
    Public78.51%80.06%
    Total100%100%

    Company Promoter: Geetansh Bamania

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    Offer For Sale - Selling Shareholders

    NameCategoryNo. of Shares OfferedAmount (₹ cr.)
    Geetansh BamaniaPromoter8,49,17534.31
    Accel India IV (Mauritius) Ltd.Corporate78,46,951317.02
    Edelweiss Discovery Fund-Series ICorporate28,82,794116.46
    IDG Ventures India Fund III LLCCorporate28,03,431113.26
    ValueQuest S.C.A.L.E.FundCorporate27,13,418109.62
    Madison India Opportunities V VCCCorporate23,98,55096.90
    Chiratae Trust represented by its trustee Vistra ITCL (India) Ltd.& acting through its investment manager, Naigama Investment Manager LLPCorporate20,02,01980.88
    GMO Payment Gateway IncCorporate15,12,80061.12
    GMO GFF Ltd.PartnershipCorporate8,42,17434.02
    MSIVC 2018V Venture Capital Investment Ltd.PartnershipCorporate7,53,64730.45
    Pratithi Investment Trust, acting through its trustee S.GopalakrishnanCorporate7,19,31529.06
    Rajeev Chitrabhanu HUFCorporate3,07,00012.40
    VCATs Management Services Trust-IICorporate76,2603.08
    Renaud LaplancheOther7,55,40530.52
    Gaurav BamaniaOther4,00,00016.16
    Gautam DalmiaOther2,54,13010.27
    Nitish MittersainOther1,48,4606.00
    Subodh ShinkarOther1,00,0004.04
    Total2,73,65,5291,105.57

    Rentomojo IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers6040
    Members0000

    IPO Registrar

    Kfin Technologies Ltd.

    040-79615565

    rentomojo.ipo@iiflcap.com

    IPO Lead Manager(s)

    Motilal Oswal Investment Advisors Ltd.

    Axis Capital Ltd.

    IIFL Capital Services Ltd.

    Contact Details

    Rentomojo Ltd. Address

    Second Floor, B Block, BHIVE Workspace no. 112,

    AKR Tech Park “A” and 7th Mile, Hosur Road,

    Krishna Reddy Industrial Area, Bommanahalli

    Bangalore Metropolitan Region, Karnataka , 560068

    9591874499

    secretarial@rentomojo.com