RentoMojo closes 31.9% above issue price in stock-market debut
Furniture and appliance rental platform RentoMojo ended its debut session at Rs 532.95, 31.9% above its issue price, after raising Rs 1,201 crore in its IPO. The listing was one of six mainboard debuts on the same day.
What happened
Rentomojo · RentoMojo debuted on the stock market, closing 31.9% above its issue price at Rs 532.95 after raising Rs 1,201 crore. Its listing was among a record
Key facts
- RentoMojo closed at Rs 532.95, up 31.9% over its issue price
- RentoMojo raised Rs 1,201 crore
- Six companies listed on the mainboard in one day
- 81 mainboard IPOs raised Rs 1.04 trillion in 2026 as of September 16
- 151 SME IPOs raised Rs 6,814 crore in 2026 as of September 16
What changed
RentoMojo debuted on the stock market, closing 31.9% above its issue price at Rs 532.95 after raising Rs 1,201 crore. Its listing was among a record six mainboard debuts in one day, highlighting strong Indian IPO liquidity and retail investor demand.
Why this matters
RentoMojo’s strong debut validates consumer demand for rental-commerce models, strengthening its ability to invest in fleet expansion, service quality and customer acquisition.
What to watch
- First two quarterly earnings reports versus IPO projections and consensus expectations.
- Growth in active subscribers, repeat-rental rates, churn and average revenue per customer.
- Furniture and appliance utilization rates, inventory turns, refurbishment expense and asset write-downs.
- Contribution-margin and EBITDA progression after marketing, delivery, servicing and collection costs.
- Customer delinquency, damage losses and provisioning trends.