RentoMojo lists at nearly 19% premium, valuing rental platform at ₹5,206 Cr

Furniture and appliance rental platform RentoMojo debuted at ₹482.45 on the NSE and ₹480 on the BSE, versus a ₹404 issue price, following a ₹1,256 Cr IPO subscribed 72.88 times. The company reported FY26 operating revenue of ₹387 Cr and EBITDA of ₹163.5 Cr.

— Source publishedThu, 17 Sept, 2026, 10:20 IST·First seen Thu, 17 Sept, 2026, 10:52 IST·Source Inc42

What happened

Rentomojo · Indian furniture and appliance rental platform RentoMojo listed at nearly a 19% premium after its ₹1,256 Cr IPO. The company reported FY26 revenue

Key facts

  • NSE listing price: ₹482.45, 19.42% above ₹404 issue price
  • BSE listing price: ₹480, 18.81% above issue price
  • Market capitalisation: ₹5,205.74 Cr ($543 Mn)
  • IPO size: ₹1,256 Cr
  • IPO subscription: 72.88x

What changed

Indian furniture and appliance rental platform RentoMojo listed at nearly a 19% premium after its ₹1,256 Cr IPO. The company reported FY26 revenue of ₹387 Cr and EBITDA of ₹163.5 Cr, with 2.5 Lakh subscribers, becoming India’s first listed rental startup in the category.

Why this matters

RentoMojo’s 19% listing premium validates demand for asset-light rental models, but sustaining growth will depend on subscriber retention, refurbishment efficiency and tight control of inventory utilization.

What to watch

  • Quarterly net subscriber additions versus the 2.5 lakh live-subscriber base.
  • Churn, average revenue per subscriber and renewal rates after introductory rental periods.
  • EBITDA-to-operating-cash-flow conversion and capex required to add rental inventory.
  • Inventory utilization, asset loss/damage rates, refurbishment costs and residual-value realization.
  • Customer-acquisition cost trends and contribution margins by city and product category.

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