RentoMojo IPO draws 2.82x subscription on Day 2, led by NII demand

Furniture and appliance rental platform RentoMojo’s ₹1,255.57 crore IPO was subscribed 2.82x on Day 2. The NII segment was booked 6.13x and retail 2.77x, while QIB demand stood at 0.42x. Proceeds include debt repayment and payments for offline stores and warehouses.

— Source publishedThu, 10 Sept, 2026, 12:54 IST·First seen Thu, 10 Sept, 2026, 13:33 IST·Source Inc42 · Buzz

What happened

Rentomojo · Indian furniture and appliance rental platform RentoMojo’s IPO was subscribed 2.82x on Day 2, led by 6.13x NII demand. The ₹1,255.57 crore issue

Key facts

  • IPO subscribed 2.82x on Day 2
  • NII portion subscribed 6.13x
  • Retail portion subscribed 2.77x
  • QIB portion subscribed 0.42x
  • Price band: ₹384-₹404 per share
  • Issue size: approximately ₹1,255.57 crore
  • Fresh issue: ₹150 crore
  • OFS: up to 2.7 crore shares worth ₹1,105.6 crore
  • Upper-band valuation: approximately ₹4,206 crore ($445 million)
  • Anchor fundraising: approximately ₹376.1 crore
  • FY26 net profit: ₹104.3 crore, up 142% YoY
  • FY26 operating revenue: ₹387 crore, up 45.5% YoY

Why this matters

RentoMojo’s well-subscribed offering strengthens its balance sheet and physical distribution ambitions, potentially raising competitive pressure on rental and recommerce peers.

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