Rentomojo IPO subscribed 72.88x; allotment due September 15
Furniture and appliance rental platform Rentomojo’s ₹1,255.57 crore IPO drew 72.88x subscription, led by QIB demand at 177.29x. The issue includes ₹150 crore in fresh capital for debt repayment and warehouse and experience-store lease costs; grey-market indications suggest a potential premium, though they are unofficial.
What happened
India-based furniture and appliance rental platform Rentomojo’s ₹1,255.57 crore IPO was subscribed 72.88 times. Proceeds include debt repayment and funding
Key facts
- 72.88x total subscription
- 177.29x QIB subscription
- ₹1,255.57 crore IPO size
- ₹150 crore fresh issue
- September 15 allotment
What changed
India-based furniture and appliance rental platform Rentomojo’s ₹1,255.57 crore IPO was subscribed 72.88 times. Proceeds include debt repayment and funding lease rentals and licence fees for warehouses and experience stores, with allotment due September 15.
Why this matters
Rentomojo’s heavily oversubscribed IPO and fresh capital position it to expand warehouse and experience-store capacity while reducing debt ahead of listing.
What to watch
- September 15 allotment data and investor-category allocation patterns.
- September 17, 2026 listing price, opening premium and first-week trading liquidity.
- Management guidance on debt repayment, warehouse leases and experience-store capex.
- Quarterly trends in revenue growth, EBITDA or contribution margin, utilization and customer retention.
- Growth in lease liabilities, operating cash flow and working-capital needs following expansion.