Rentomojo Limited IPO
ListedMainboardMiscellaneous
72.89×
Subscribed
Price band
₹384 – ₹404
Lot size
37
1 lot = ₹14,948
Issue size
₹1.26k Cr
Open – close
09 Sept 2026
to 11 Sept 2026
Listing
17 Sept 2026
Listing gain
+19.42%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed7 of 7 dimensions read
A mixed but reasonable offering — 5 positive against 2 negative signals
Strength64/100
- Demanding valuation40.0× earnings at the upper band, with no peer set published to compare against
- Strong revenue growthRevenue compounding at 41.7% across the reported years
- Profit growth outpaces salesPAT up 115.7% a year against revenue at 41.7% — check whether that is operating leverage or a one-off before extrapolating it
- High return on equityROE of 35.3%
- Conservative balance sheetDebt/equity of 0.63×
- Majority offer for sale88.0% of the issue is existing shareholders selling down
- Minimal related-party dealingsRelated-party transactions are only 0.0% of revenue
- 1 high-severity disclosure88% of the offer is an Offer for Sale, so most proceeds go to selling shareholders, not the company.
- Institutions bid heavilyQIB portion subscribed 177.29×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens09 Sept 2026
- Closes11 Sept 2026
- Allotment15 Sept 2026
- Listing17 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB177.29x
Non-institutionalNII / HNI67.93x
Big NIIabove ₹10L73.16x
Small NII₹2L – ₹10L57.45x
Retail individualRII15.62x
Employee21.03x
44,39,438 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 11 Sept 2026.
Chance of allotment
Retail15.62× subscribed
~1 in 15.6
Minimum 1 lot · 37 shares · ₹14,948 blocked
Retail is 15.62× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 15.6 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII67.93× subscribed
~1 in 67.9
Minimum 14 lots · 518 shares · ₹2,09,272 blocked
HNI is 67.93× subscribed. This category is allotted proportionately, so a bid receives roughly 1/67.9 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹160+39.6%
over the upper band · last seen 21 Sept 2026 · flat since 07 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹384 – ₹404
Face value₹1
Lot size37shares
Minimum application₹14,948at cut-off
Total issue size₹1.26k Cr
Fresh issue₹150 Cr
Offer for sale₹1.11k Cr
Listing atMainboard
Anchor investorsAllotted
Company & valuation
P/E at upper band40.00×
EPS₹7.07pre-issue
NAV per share₹28.65
Return on equity35.26%
Debt / equity0.63×
Related-party0.03%of revenue
ROCE25.34%
RoNW43.51%
PAT Margin26.95%
EBITDA Margin41.48%
NAV28.65
Price to Book Value14.10
ISININE08T701025
RegistrarKARVY
Lead managersMotilal Oswal Investment Advisors Limited, Axis Capital Limited, IIFL Capital Services Limited
88.0% of this issue is an offer for sale. That money goes to existing shareholders selling their stake, not into the company. The business receives only the fresh-issue portion.
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 1,55,14,447 | 49.92% |
| Anchor Investor | 93,08,667 | 29.95% |
| QIB (Ex. Anchor) | 62,05,780 | 19.97% |
| NII (HNI) | 46,54,334 | 14.97% |
| bNII > ₹10L | 31,02,889 | 9.98% |
| sNII < ₹10L | 15,51,445 | 4.99% |
| Retail | 1,08,60,113 | 34.94% |
| Employee | 52,083 | 0.17% |
Total issue 3,10,80,977 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Retail (Min)₹14,9481 lot · 37 sh
Retail (Max)₹1,94,32413 lots · 481 sh
S-HNI (Min)₹2,09,27214 lots · 518 sh
S-HNI (Max)₹9,86,56866 lots · 2,442 sh
B-HNI (Min)₹10,01,51667 lots · 2,479 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted93,08,667
Anchor portion₹376.07 Cr
Bid date08 Sept 2026
Lock-in ends (50%)15 Oct 2026
Lock-in ends (rest)14 Dec 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company₹70 Cr
- 02Payment of lease rental/ license fee for our warehouses and experience stores (Premises)₹42.5 Cr
- 03General corporate purposes₹28.87 Cr
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 192.701 | — | 22.412 | 139.605 | — |
| 2025 | 265.959 | — | 43.106 | 183.61 | — |
| 2026 | 386.988 | — | 104.299 | 295.807 | — |
Revenue CAGR 41.7%PAT CAGR 115.7%
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
Mostly an exithigh
88% of the offer is an Offer for Sale, so most proceeds go to selling shareholders, not the company.
mediumThe Company derives 97.90%, 98.20% and 98.19% of its revenue from operations from renting furniture and appliances (along with other recurring subscription revenue) for Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Consequently, any decline in the demand for renting such products may adver
mediumThe Company depends on a large network of vendors to offer high quality products for rental, procuring such products through a combination of purchase orders and long-term agreements. The top five asset suppliers contributed 12.18%, 13.70% and 15.21% of total capital and operational expenses for Fis
Litigation
Except as stated in this section, there are no outstanding (i) criminal proceedings (including matters which are at FIR stage even if no cognizance has been taken by any court); (ii) actions (including all disciplinary actions, penalties and show cause notices) taken by statutory or regulatory authorities; (iii) taxation claims and proceedings related to direct and indirect taxes; and (iv) other pending material litigations (including civil litigation or arbitration proceeding and claims related to direct and indirect tax), in each case involving our Company, Directors, or Promoter or Subsidiary (collectively, the “Relevant Parties”). Further, except as disclosed in this section, there are no outstanding (i) criminal proceedings (including matters which are at FIR stage even if no cognizance has been taken by any court); and (ii) actions (including all disciplinary actions, penalties and show cause notices) by regulatory or statutory authorities against our Key Managerial Personnel and members of our Senior Management. Further, except as stated in this section, there are no disciplinary actions including any penalty imposed by and show cause notices issued by SEBI or Stock Exchanges against our Promoter in the last five Financial Years, including any outstanding action. As on the date of this Prospectus, our Company does not have any group companies. In addition, the following pending civil litigation/ arbitration proceeding will be considered material, (i) the outcome of which is material from the perspective of the Company’s business, operations, financial results, prospects or reputation, notwithstanding that the amount involved in such litigation (including any litigation under the Insolvency and Bankruptcy Code, 2016) may not meet the Materiality Threshold or the monetary liability of such litigation is not quantifiable; or (ii) where the decision in one case is likely to affect the decision in similar cases such that the cumulative amount involved in such cases exceeds the Materiality Threshold, even though the amount involved in an individual litigation may not exceed the Materiality Threshold. Except as stated in this section, there are no outstanding material dues to creditors of our Company.
Positives the filing discloses (2)
Strong revenue growth
Restated revenue CAGR of 41.7%.
Healthy return on equity
ROE of 35.3%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+6.1%
Listed up
6 of 8
Best
+65.4%
Orient Cables (India) Limited
Worst
-2.3%
Vishal Nirmiti Limited
Fusion CX Limitedsame segment
4.5× sub+5.5%
HD Fire Protect Limitedsame segment
131.7× sub+23.6%
Nityas Gems and Jewellery Limitedsame segment
2.3× sub+6.7%
Vishal Nirmiti Limitedsame segment
1.7× sub-2.3%
Shah Investor's Home Limitedsame segment
38.1× sub+2.4%
Srit India Limitedsame segment
125.2× sub+13.8%
Runwal Enterprises Limitedsame segment
2.5× sub+0.0%
Orient Cables (India) Limitedsame segment
92.3× sub+65.4%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Rentomojo Limited
Rentomojo Limited is a technology-driven direct-to-consumer online rental and subscription platform for furniture and appliances in India. The company offers furniture and home appliances, including beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions, and water purifiers, through flexible subscription plans. Its portfolio includes products from brands such as Haier, Wakefit, Livpure, and Duroflex, along with products sold under its private-label brands. Rentomojo manages various stages of the asset lifecycle, including category management, product design, procurement, refurbishment, servicing, reverse logistics, and redeployment of products across multiple subscription cycles. As of March 31, 2026, the company had 253,825 live subscribers across 29 cities in India and a portfolio of 851,184 live products. Its omni-channel operations include an online ordering platform and 82 experience stores across India. The company also launched private-label refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited, along with its own branded water purifiers. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Repayment/prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the company — Rs 70 crore Payment of lease rental/license fee for the warehouses and experience stores — Rs 42.5 crore General corporate purposes
Founded 2012MD Mr Geetansh BamaniaSector Miscellaneous
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Rentomojo Limited IPO GMP today?
The most recent grey-market premium recorded for Rentomojo Limited is ₹160 per share — about 39.6% over the ₹404 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Rentomojo Limited IPO subscribed?
Rentomojo Limited is subscribed 72.89× overall (QIB 177.29×, NII 67.93×, retail 15.62×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, KARVY.
What is the minimum investment in the Rentomojo Limited IPO?
One lot is 37 shares, so a retail application at the ₹404 cut-off price blocks ₹14,948. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Rentomojo Limited IPO?
The retail portion is subscribed 15.62×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 16. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Rentomojo Limited IPO allotment date?
Allotment is scheduled for 2026-09-15, with listing on 2026-09-17. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, KARVY.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.