Rentomojo lists at 19% premium to issue price in NSE debut
Furniture and appliance rental platform Rentomojo listed at Rs 482.45 per share on the NSE, versus an issue price of Rs 404. Its Rs 1,256 crore IPO was subscribed 51 times. The company operates 82 experience stores and has 851,184 live furniture and appliance items.
What happened
Indian furniture and appliance rental platform Rentomojo debuted on the NSE at Rs 482.45, a 19% premium to its Rs 404 IPO price. The Rs 1,256 crore issue was
Key facts
- Listed at Rs 482.45 per share on NSE
- 19% premium to Rs 404 issue price
- IPO size: Rs 1,256 crore
- IPO subscribed 51 times
- 82 experience stores across India
What changed
Indian furniture and appliance rental platform Rentomojo debuted on the NSE at Rs 482.45, a 19% premium to its Rs 404 IPO price. The Rs 1,256 crore issue was subscribed 51 times; the company operates 82 experience stores.
Why this matters
A 19% listing premium and 51-times IPO subscription signal robust market confidence in Rentomojo’s growth prospects, though post-listing performance will hinge on profitable scale and asset utilization.
What to watch
- Share-price performance and traded volumes after the listing-day demand subsides.
- First two post-listing quarterly results, especially revenue growth, EBITDA or contribution margin, operating cash flow and inventory additions.
- Live-item utilization, rental renewal rates, customer acquisition costs, damage/write-off levels and refurbishment expenses.
- Changes in debt, lease liabilities, financing costs and working-capital intensity.
- New experience-store openings, geographic expansion pace and same-store demand indicators.