Rentomojo raises ₹1,255.57 crore in IPO, lists 19.4% above issue price
Furniture-rental platform Rentomojo was the largest mainboard issue in a week that saw 19 companies raise a combined ₹7,550 crore, with the stock debuting at ₹482.40 after 72.9-times subscription.
What happened
India’s IPO market saw 19 listings raise ₹7,550 crore despite equity-market weakness. Consumer furniture-rental platform Rentomojo was the largest mainboard
Key facts
- 19 companies listed
- ₹7,550 crore total raised
- Rentomojo raised ₹1,255.57 crore
- Rentomojo subscribed 72.9 times
- Rentomojo listed 19.4% above issue price at ₹482.40
What changed
India’s IPO market saw 19 listings raise ₹7,550 crore despite equity-market weakness. Consumer furniture-rental platform Rentomojo was the largest mainboard issue, raising ₹1,255.57 crore and debuting 19.4% above its issue price.
Why this matters
Rentomojo’s heavily subscribed IPO and 19.4% listing premium validate rental furniture demand, raising the competitive bar on asset utilization, delivery reliability and customer retention.
What to watch
- First two quarterly results after listing: revenue growth, EBITDA or operating cash-flow trend, and guidance credibility.
- Active subscribers, average order value, customer renewal/churn rates and inventory utilization.
- Inventory days, refurbishment expense, damage/write-off rates and working-capital requirements.
- Expansion pace into new cities versus performance of mature-city cohorts.
- Share-price behavior after lock-up expiries and any anchor-investor selling.