Rentomojo IPO draws 72.88x subscription ahead of September 17 listing
Furniture and appliance rental platform Rentomojo’s ₹1,256 crore IPO was subscribed 72.88 times, led by QIB demand of 177.29x. The company serves 2.53 lakh live subscribers across 29 cities through 82 experience stores and 20 warehouses.
What happened
Indian furniture and appliance rental platform Rentomojo is set to list after its ₹1,256 crore IPO was subscribed 72.88 times. The company operates across 29
Key facts
- IPO size: ₹1,256 crore
- IPO subscription: 72.88x
- QIB subscription: 177.29x
- Live subscribers: 2.53 lakh
- Experience stores: 82
What changed
Indian furniture and appliance rental platform Rentomojo is set to list after its ₹1,256 crore IPO was subscribed 72.88 times. The company operates across 29 cities with 82 experience stores, 20 warehouses and 2.53 lakh subscribers.
Why this matters
The 72.88x subscription, QIB demand of 177.29x and 21% grey-market premium indicate strong market confidence in Rentomojo’s growth narrative ahead of listing.
What to watch
- Opening and closing listing premium versus the indicated 21% grey-market premium.
- Quarterly net subscriber additions from the 2.53 lakh live-subscriber base, including churn and renewal rates.
- Revenue growth relative to warehouse, store, delivery, refurbishment, and depreciation expenses.
- Asset utilization, average rental tenure, customer acquisition cost, and payback period by city.
- Expansion pace in experience stores, warehouses, and cities without deterioration in contribution margins.