Rentomojo IPO Opens Today: ₹1,256 Crore Issue, Day 1 Subscription Details

Mumbai | 9 September 2026 

Rentomojo Limited’s ₹1,255.57 crore book-built initial public offering (IPO) opened for subscription on 9 September 2026 and closes on 11 September 2026. 

What Is The Rentomojo IPO Issue Size And Structure? 

Rentomojo‘s IPO combines a fresh issue and an offer for sale (OFS), on the terms set out below. 

A retail investor can bid for a minimum of one lot of 37 shares, up to a maximum of 13 lots (481 shares), requiring ₹1,94,324 at the upper price band. Small high net-worth individual (HNI) investors can apply for a minimum of 14 lots (518 shares, ₹2,09,272) up to 66 lots, while big HNI investors need a minimum of 67 lots (2,479 shares), requiring ₹10,01,516. Employees are eligible for a discount of ₹20 per share. 

Investor category reservations for the issue are set out below. 

What Are The Key Dates For Rentomojo IPO? 

The table below sets out the key dates for the Rentomojo IPO. 

What Is The Latest Subscription Status And GMP For Rentomojo IPO? 

The Rentomojo IPO was subscribed 1.27x overall on the first day of bidding. Non-institutional investors (NII) led demand at 2.13x, made up of 2.80x from small HNI bidders and 1.80x from big HNI bidders, followed by retail investors at 1.40x. Employees subscribed 1.23x, while the qualified institutional buyer (QIB) portion stood at 0.41x. 

The grey market premium (GMP) for the issue stood at ₹140, indicating an implied listing price of ₹544 against the upper price band of ₹404, a premium of 34.65%. 

* GMP is an unofficial, informal indicator and does not guarantee the actual listing price or future performance of the stock. 

What Does Rentomojo Do? 

Incorporated in April 2012, Rentomojo Limited is a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and appliances in India. It offers flexible and long-term subscription plans covering beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers, with 851,184 live items as of 31 March 2026. 

The company runs an integrated asset-lifecycle model spanning category management, product design, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment. It combines its online platform with 82 experience stores across India and had 253,825 live subscribers across 29 cities as of 31 March 2026, supported by 20 warehouses covering 538,933 sq ft. As of the same date, the company had 835 permanent employees and 1,772 contractual workforce personnel. 

What Is Rentomojo’s Financial Performance? 

Rentomojo’s total income rose 45% to ₹394.09 crore in FY26, from ₹271.96 crore in FY25. Profit after tax increased 142% to ₹104.30 crore, from ₹43.11 crore, over the same period. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to ₹163.46 crore in FY26, from ₹118.44 crore in FY25. 

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