Rentomojo shares list at 19% premium over IPO price

Shares of Rentomojo made a modest Dalal Street debut on Thursday, listing at 19% premium over IPO price. The stock opened at Rs 482.45 on the NSE and Rs 480 on the BSE, as compared to its issue price of Rs 404.

The Rs 1,255.57 crore IPO was priced at Rs 404 per share and included both a fresh issue and an offer for sale (OFS). The fresh issue comprised 37.15 lakh equity shares worth Rs 150 crore, while the OFS component consisted of 2.73 crore shares valued at Rs 1,105.57 crore.

The public issue opened for subscription on September 9, 2026, and closed on September 11, 2026, drawing an overwhelming response from investors. The IPO was subscribed 73 times overall. The retail portion was subscribed 15.62 times, while the non-institutional investor (NII) category saw 67.93 times subscription. Qualified institutional buyers (QIBs) led the demand, subscribing 177.29 times their allotted portion.


Investor interest was already evident ahead of the listing, with Rentomojo raising Rs 376 crore from anchor investors. The company allotted 93 lakh shares to 41 anchor investors at Rs 404 per share. The anchor allocation price included a face value of Rs 1 per share and a share premium of Rs 403 per share.

Read more: NSE IPO Tracker: Catch all the highlights here

Motilal Oswal Investment Advisors Ltd was the book-running lead manager for the IPO, while Kfin Technologies Ltd served as the registrar to the issue.

Also Read: NSE IPO opens today with 9% GMP. Should you subscribe to Rs 22,569 crore issue?

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 India-based D2C rental and subscription platform offering flexible access to furniture and appliances without upfront ownership costs.

The company manages the end-to-end asset lifecycle, including procurement, refurbishment, servicing, reverse logistics and redeployment, helping improve asset utilisation and capital efficiency.

Rentomojo has maintained occupancy levels above 80% in recent financial years. As of September 30, 2025, it 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. The company follows an omnichannel model with 67 experience stores and 21 warehouses covering 444,486 sq. ft., supporting inventory management, fulfilment and asset lifecycle operations.

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