Rentomojo among six companies slated to launch IPOs on Sept. 9
Rentomojo and Manipal Payment & Identity Solutions are among six companies expected to open IPOs on Sept. 9, with the combined offerings targeting more than Rs 4,500 crore in fundraising.
What happened
Rentomojo is among six companies launching IPOs on September 9, with the offerings targeting a combined raise of over Rs 4,500 crore. Manipal Payment & Identity
Key facts
- Six IPOs
- over Rs 4,500 crore
- September 9
Why this matters
A Rentomojo listing could establish a valuation benchmark for rental and circular-commerce assets while creating new partnership, investment or consolidation opportunities.
What to watch
- IPO subscription crossing 3x overall and strong qualified institutional buyer demand.
- Pricing at or above the upper band with limited anchor allocation concentration.
- Post-listing performance above issue price during the first month.
- Prospectus disclosure of improving contribution margins, lower customer acquisition costs, and positive operating cash flow.
- Weak retail subscription, issue-price cuts, delayed launch, or elevated investor questions on asset quality and defaults.
- Monitor IPO valuation, offer-for-sale versus fresh-issue mix, anchor-book participation, and subscription levels.
- Track disclosed cohort retention, monthly rental revenue, EBITDA, operating cash flow, asset utilization, and impairment/depreciation assumptions.
- Watch for expanded city coverage, new furniture/appliance categories, B2B rental partnerships, and use of proceeds toward inventory or debt reduction.
- Assess whether competitors adjust pricing, rental tenures, deposit policies, or acquisition spending in response to heightened sector visibility.