Neutral impactIPO
Rentomojo IPO Day 1: 0.99x Subscribed So Far; Check GMP, Allotment And Listing Details
NDTV Profit 1 hr ago·9 Sept 2026, 9:25 am
Rentomojo, the furniture rental company, has opened its initial public offering (IPO) for subscription today. The issue received a subscription of 0.99 times on the first day, indicating a lukewarm response from investors. The IPO consists of a fresh issue of shares worth ₹450 crore and an offer for sale of up to ₹150 crore by existing shareholders. The company plans to use the net proceeds to expand its business and for general corporate purposes.
For investors, this slow start suggests that the stock may not be a runaway success at the listing stage. The grey market premium (GMP), which is an indicator of listing gains, is currently at ₹5, indicating a flat listing. Investors should watch for further subscription updates on the remaining days of the IPO. The company's financial performance and market competition will also be key factors to consider before deciding to apply for the issue.
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
