Rentomojo fixes price band for Rs 1,256 crore issue opening on September 9

Rentomojo is set to enter the primary market with its initial public offering (IPO) worth Rs 1,255.57 crore. The company has fixed the price band for the issue at Rs 384 to Rs 404 per equity share. The IPO will open for subscription on September 9, 2026, and close on September 11, 2026, giving investors a three-day window to place their bids.

The Rentomojo IPO is a combination of a fresh issue and an offer for sale (OFS). The fresh issue comprises 37.15 lakh equity shares aggregating to Rs 150 crore, while the offer for sale consists of 2.73 crore equity shares worth Rs 1,105.57 crore.

Ahead of the public issue, anchor investors will be able to place their bids on September 8, 2026. Following the closure of the IPO, the allotment is expected to be finalised on September 15.


The shares are proposed to be listed on both the National Stock Exchange (NSE) and BSE, with the tentative listing date set for September 17, 2026.

For retail investors, the minimum bid is 37 equity shares, and bids can be placed in multiples of 37 shares thereafter. At the upper end of the price band of Rs 404, investors will need to shell out Rs 14,948 for one lot of 37 shares. At the lower end of Rs 384, the investment for one lot would amount to Rs 14,208.

The IPO valuation also puts the company's earnings in focus. Based on diluted earnings per share (EPS) for fiscal 2026, the price-to-earnings (P/E) ratio stands at 38.02 times at the lower end of the price band and rises to 40 times at the upper end. This makes the valuation an important factor for investors to consider while assessing the issue and comparing it with peers and the company's growth prospects.

Rentomojo has reported a weighted average return on net worth (RoNW) of 35.26% over the last three financial years. While the figure indicates healthy returns generated on shareholders' capital, investors may also want to examine the company's revenue growth, profitability, cash flows, competitive position and future expansion plans before making an investment decision.

The company is also offering a Rs 20 discount per equity share to eligible employees bidding under the employee reservation portion. Accordingly, eligible employees will receive the benefit of a Rs 20-per-share discount against the applicable IPO price.

With an issue size of Rs 1,255.57 crore, a price band of Rs 384–Rs 404 per share and a minimum retail investment of Rs 14,948, the Rentomojo IPO is likely to draw attention from investors. However, with the FY2026 P/E multiple ranging between 38.02 times and 40 times, the key question for investors will be whether the company's future growth and earnings potential can justify the valuation at which the shares are being offered.

Rentomojo IPO: Issue objectives

The proceeds from the Rentomojo IPO will be used for several key corporate purposes. A portion of the funds will go towards the repayment or prepayment, either in full or in part, of certain outstanding borrowings, along with the accrued interest on these loans. The company also plans to use part of the IPO proceeds to pay lease rentals and licence fees for its warehouses and experience stores. The remaining funds will be utilised for general corporate purposes.

About Rentomojo

Rentomojo is an innovative, end-to-end direct-to-consumer (D2C) platform in India focused on the rental and subscription-based consumption of furniture and appliances. The company offers customers flexible access to essential household products without the need for upfront ownership.

Its business model covers the entire asset lifecycle, including category management, procurement, refurbishment, servicing, reverse logistics and redeployment across multiple rental cycles. This integrated approach is designed to improve asset utilisation and enhance capital efficiency.

Rentomojo has maintained occupancy levels of more than 80% in recent financial years, supporting predictable and recurring revenue generation. Its product portfolio currently includes 728,773 live furniture and appliance products, spanning categories such as beds, sofas, wardrobes, refrigerators, washing machines and water purifiers.

The company's product range includes offerings from established brands such as Haier, Wakefit, Livpure and Duroflex, alongside an expanding portfolio of private-label products. This also includes appliances manufactured in collaboration with Dixon Technologies (India) Limited.

As of September 30, 2025, Rentomojo had 227,511 live subscribers across 22 cities. Through its rental and subscription model, the company aims to provide consumers with affordable and flexible access to household essentials without requiring an upfront ownership cost.

Rentomojo operates through an omnichannel model, combining its digital platform with 67 experience stores. The network is supported by 21 warehouses covering 444,486 square feet, enabling the company to manage its inventory, fulfil customer orders and support the various stages of its asset lifecycle.

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