Rentomojo set for BSE, NSE debut as GMP signals 27% listing premium
Furniture and appliance rental platform Rentomojo is due to list on 17 September after its IPO was subscribed 72.88 times. Grey-market pricing implies a ₹511 debut versus the ₹404 upper issue price, while analysts flag asset intensity, utilisation and subscriber-default risks.
What happened
Furniture and appliance rental platform Rentomojo is scheduled to list on BSE and NSE on 17 September. Grey-market signals imply a roughly 27% premium, while
Key facts
- IPO price band: ₹384-404 per share
- Grey market premium: ₹107
- Implied listing price: ₹511
- Implied listing premium: 26.49%
- IPO subscription: 72.88x
What changed
Furniture and appliance rental platform Rentomojo is scheduled to list on BSE and NSE on 17 September. Grey-market signals imply a roughly 27% premium, while analysts cite strong FY26 growth but flag capital intensity, asset utilisation and subscriber-default risks.
Why this matters
Rentomojo’s heavily subscribed IPO and implied 27% premium validate consumer appetite for rental access models, but sustained performance will hinge on asset utilisation, maintenance discipline and subscriber-credit controls.
What to watch
- Actual BSE/NSE opening and closing price versus the ₹404 issue price and ₹511 GMP-implied level.
- First-week delivery volumes, institutional holding disclosures and whether listing gains are sustained.
- First two quarterly results: subscriber additions, utilisation, churn, EBITDA margin, operating cash flow and capex intensity.
- Receivables ageing, default/write-off trends and collection-cost changes.
- Inventory damage, refurbishment and replacement costs relative to rental revenue.