RentoMojo IPO reaches 69% subscription on Day 1
Furniture and appliance rental platform RentoMojo’s ₹1,256 crore IPO was 69% subscribed by 12:57 pm on Day 1, with retail bids at 76% and NII demand at 90%. The company plans to use fresh-issue proceeds for debt repayment and offline-store and warehouse payments.
What happened
Rentomojo · Indian furniture and appliance rental platform RentoMojo’s ₹1,256 Cr IPO was 69% subscribed on day one. Proceeds include debt repayment and
Key facts
- ₹1,256 Cr IPO
- 69% subscribed by 12:57 IST on day 1
- 1.50 Cr shares bid versus 2.18 Cr offered
- NII portion 90% subscribed
- Retail portion 76% subscribed
- QIB portion 40% subscribed
- Price band ₹384-₹404 per share
- Upper-band valuation ₹4,206 Cr
- Fresh issue ₹150 Cr; OFS ₹1,105.6 Cr
- ₹376.1 Cr raised from anchor investors
- ₹70 Cr for debt repayment; ₹42.5 Cr for offline-store and warehouse rental/licence payments
- 20 warehouses and 82 offline stores across 29 cities
- FY26 revenue ₹387 Cr, up 45.5%; PAT ₹104.3 Cr, up nearly 142%
Why this matters
RentoMojo’s public-market funding could strengthen its position as a consolidation or partnership candidate in furniture, appliances, logistics and omnichannel rental as it builds a larger physical footprint.