The stock opened at ₹482.45 on the NSE and ₹480 on the BSE, translating into premiums of 19.42% and 18.81%, respectively, over the IPO price of ₹404.
The IPO received bids for 158.68 crore equity shares against 2.18 crore shares on offer. Qualified institutional buyers (QIBs) subscribed 177.29 times, while the non-institutional investor (NII) category was subscribed 67.93 times and the retail portion 15.59 times.
Ahead of listing, Rentomojo shares are commanding a premium of ₹86 per share in the grey market, implying a premium of around 21% over the issue price of ₹404. However, grey market premium (GMP) rates are speculative and are not an indicator of the actual listing price. The stock can list at a price different from the level implied by the GMP.
Rentomojo IPO: Issue size, price band and structure
The ₹1,256 crore IPO was open for subscription from September 9 to September 11.
The issue comprised a fresh issue of shares worth ₹150 crore and an Offer For Sale (OFS) of 2.73 crore equity shares worth ₹1,105.57 crore.
The IPO was priced in the range of ₹384-₹404 per share, with each share having a face value of ₹1.
At the upper end of the price band, Rentomojo is targeting a market capitalisation of around ₹4,206 crore.
What does Rentomojo do?
Rentomojo is a direct-to-consumer online rental and subscription platform for furniture, appliances and consumer durables.
Instead of purchasing products outright, customers can rent or subscribe to items such as beds, mattresses, wardrobes, sofas, televisions, washing machines, refrigerators and water purifiers.
The company also provides delivery, installation, maintenance and relocation services.
As of March 31, 2026, Rentomojo had 2.53 lakh live subscribers across 29 cities, along with 8.51 lakh live items in its portfolio. Its omni-channel model combines an online ordering platform with 82 experience stores.
The company operates 20 warehouses with a combined area of approximately 5.4 lakh square feet.
Rentomojo financial performance
Between financial year 2024 and financial year 2026, Rentomojo’s revenue from operations grew at a compounded annual growth rate (CAGR) of 41.7%, from ₹192.7 crore to ₹387 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased to ₹163.4 crore in FY26 from ₹78.1 crore in FY24.
However, the company’s FY26 Profit After Tax (PAT) was boosted by a one-off deferred tax credit of ₹36.64 crore. PAT stood at ₹104.3 crore in FY26, compared with ₹43.1 crore in FY25.
Rentomojo spent ₹176 crore on Property, Plant and Equipment (PP&E) purchases in FY26, compared with ₹138 crore in the previous year.
As of the latest reported period, its combined current and non-current borrowings, along with lease liabilities related to its warehouse and store network, stood at ₹188 crore.
First Published: Sept 17, 2026 6:58 AM IST
