Rentomojo lists at 19% premium after ₹1,255.57 crore IPO
Furniture-rental platform Rentomojo debuted 19.42% above its issue price on the NSE and 18.81% higher on the BSE. The ₹1,255.57 crore IPO was subscribed 72.88 times, with fresh proceeds earmarked for debt repayment and warehouse, experience-store lease and licence costs.
What happened
Furniture-rental platform Rentomojo listed at roughly a 19% premium after its Rs1,255.57 crore IPO. It plans to deploy fresh proceeds toward debt repayment and
Key facts
- Rentomojo debuted 19.42% above its IPO issue price on NSE
- BSE listing premium was 18.81%
- IPO size was Rs1,255.57 crore
- Fresh issue was Rs150 crore
- Offer for sale was Rs1,105.57 crore
What changed
Furniture-rental platform Rentomojo listed at roughly a 19% premium after its Rs1,255.57 crore IPO. It plans to deploy fresh proceeds toward debt repayment and warehouse and experience-store lease and licence costs.
Why this matters
Rentomojo’s strong listing and IPO proceeds should ease debt pressure while funding warehouses and experience stores that can improve service reach and customer conversion.
What to watch
- Quarterly reduction in finance costs, net debt and debt-to-equity ratio.
- Warehouse utilization, furniture asset utilization and inventory days after fresh-capital deployment.
- Same-city subscriber growth, average order value, rental tenure and renewal rates.
- Experience-store conversion, store-level payback and lease expense as a share of revenue.
- EBITDA margin and operating cash-flow trend relative to revenue growth.