Rentomojo sets ₹384–404 IPO price band for ₹1,255.57 crore issue
Furniture and appliance rental platform Rentomojo will open its ₹1,255.57 crore IPO for bidding from September 9–11, 2026. The issue includes ₹150 crore of fresh capital for debt repayment and warehouse and experience-store lease costs, alongside a ₹1,105.57 crore offer for sale.
What happened
Indian furniture and appliance rental platform Rentomojo set a ₹384-404 IPO price band for a ₹1,255.57 crore issue. Fresh proceeds will repay debt and fund
Key facts
- ₹384-404 per share
- ₹1,255.57 crore total IPO
- ₹150 crore fresh issue
- ₹1,105.57 crore offer for sale
- 37-share minimum lot
- ₹14,948 minimum investment at upper band
- September 9-11, 2026 bidding period
- September 17, 2026 tentative listing
- 227,511 live subscribers
- 22 cities
- 728,773 live products
- over 80% occupancy
Why this matters
Rentomojo’s planned physical expansion and balance-sheet repair make it a more credible rental-platform partner or competitor, particularly in furniture and appliance categories.
What to watch
- Subscription levels and anchor-investor participation during September 9-11 bidding.
- Final issue pricing versus the ₹384-404 band and listing-day premium or discount.
- Debt reduction amount, residual leverage and post-IPO interest-cost trajectory.
- Subscriber growth, churn, average monthly rental revenue and contribution margin by city.
- Warehouse and experience-store lease commitments relative to revenue growth.
- Cash flow from operations, refurbishment spending, asset utilization and bad-debt trends.
- Whether OFS sellers retain meaningful stakes, signaling alignment with post-listing execution.
- Use fresh capital first to retire higher-cost debt, lowering interest expense and improving reported profitability.
- Expand warehouse density and experience stores in high-subscriber cities before entering many new markets, aiming to reduce delivery times, reverse-logistics costs and asset idle time.
- Increase premium appliance and bundled home-furnishing plans to raise average revenue per subscriber and improve customer lifetime value.
- Tighten credit underwriting, deposit policies and refurbishment processes as the installed rental asset base grows.
- Competing furniture, appliance and e-commerce retailers are likely to emphasize EMI, buyback, subscription and rental-adjacent offers in major urban markets.