RentoMojo lists at 19% premium after ₹1,256 crore IPO

Bengaluru-based furniture and appliance rental platform RentoMojo debuted at ₹482.45 on the NSE versus an IPO price of ₹404. The company reported FY26 revenue of ₹387 crore, up 45.5% year on year, and PAT of ₹104.2 crore.

— Source publishedThu, 17 Sept, 2026, 10:20 IST·First seen Thu, 17 Sept, 2026, 10:22 IST·Source Entrackr

What happened

Rentomojo · Bengaluru-based furniture and appliance rental platform RentoMojo listed at about a 19% premium after its Rs 1,256 crore IPO. The company reported

Key facts

  • NSE listing price: Rs 482.45 vs IPO price of Rs 404, a 19.42% premium
  • BSE listing price: Rs 480, an 18.81% premium
  • IPO size: Rs 1,256 crore
  • IPO subscription: 72.87x; QIB 177.3x, NII 67.92x, retail 15.58x
  • Fresh issue: Rs 150 crore; OFS: about Rs 1,106 crore
  • FY26 revenue: Rs 387 crore, up 45.5% YoY
  • FY26 PAT: Rs 104.2 crore, up 142% from Rs 43.1 crore in FY25
  • Share price: Rs 502 at 10:12 AM; market capitalization: Rs 5,250 crore

Why this matters

As the segment’s first listed company, RentoMojo establishes a public valuation benchmark that could accelerate partnerships, consolidation, and acquisition interest across rental and recommerce.

What to watch

  • Post-listing share-price performance and institutional ownership trends over the first two quarters.
  • Quarterly revenue growth versus marketing expense, EBITDA/PAT conversion and operating cash flow.
  • Active subscriber growth, average order value, customer churn, renewal rates and asset utilization.
  • Inventory days, refurbishment/write-off costs, deposit collections and credit-loss trends.
  • Competitive fundraises, price cuts, consolidation activity and new offerings from e-commerce, quick-commerce or co-living platforms.
  • Evidence of demand broadening beyond urban renters into B2B, student housing and corporate accommodation.
  • Use listed-company currency and IPO proceeds to deepen inventory in high-density metros and enter adjacent appliance, electronics and B2B furnishing segments.
  • Emphasize repeat subscriptions, refurbishment efficiency, asset utilization and contribution-margin disclosure to defend valuation.
  • Pursue partnerships with housing developers, co-living platforms, employers and financial institutions to reduce acquisition costs.
  • Competitors are likely to counter with lower deposits, flexible tenure plans, faster delivery and category-specific bundles rather than matching broad-based marketing spend.

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