Rentomojo IPO Date, Review, Price, Allotment Details
Rentomojo IPO is a Mainboard issue open from 9-11 Sept. The company is raising ₹1,256 Cr at a price band of ₹384 to ₹404 per share. One lot is 37 shares.
Grey market premium
₹125
Implied listing gain: ₹529 (30.94%)
On the GMP figure: grey market premium is quoted by informal dealers. No exchange publishes it, no regulator oversees it, and it is not a forecast of the listing price. Issues quoting a strong premium have listed below their issue price. Weigh the financials and the risk factors in the RHP well above this number.
Rentomojo IPO Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹14,948
37 shares at the upper band of ₹404
Retail limit
13 lots
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~6 days
from the closing date to listing
Fresh issue share
11.9%
₹150 Cr of the ₹1256 Cr issue
Revenue growth
+44.9%
31 Mar 2025 → 31 Mar 2026
Profit growth
+141.9%
PAT ₹43.11 Cr → ₹104.3 Cr
Net profit margin
26.5%
was 15.9% in 31 Mar 2025
Debt to equity
0.63
lower is safer
Return on equity
43.51%
ROE
Peer listing record
3 of 3 listed above issue price
median listing move +53.2%
GMP-implied listing gain
+30.9%
₹125 premium on a ₹404 issue price
Promoter holding
21.49% → 19.94%
diluted by 1.5 percentage points
Rentomojo is a mainboard issue raising ₹1,256 Cr, offered in a band of ₹384–₹404 per share. At the upper end that is 404 times the ₹1 face value, so ₹403 of every share subscribed is share premium rather than capital.
A retail application for Rentomojo needs one lot of 37 shares, which works out to ₹14,948 at the upper band of ₹404. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application. Retail applications are capped at ₹2,00,000, which here is 13 lots; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 67 lots.
For Rentomojo, bidding runs 9-11 Sept, allotment is finalised on 15 Sep 2026, the shares list on 17 Sep 2026. Applications that do not receive an allotment have their UPI mandate released around 4 days after the issue closes. Counting from the close of bidding, money stays blocked for roughly 6 days before listing decides what the holding is worth.
The issue is reserved 50% to qualified institutional buyers, 15% to non-institutional investors, 35% to retail. A 35% retail share is the wider end of the range, which improves the odds for small applications when the book is only modestly oversubscribed. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.
Of the ₹1256 Cr issue, only ₹150 Cr (11.9%) is fresh capital; the remaining ₹1106 Cr is an offer for sale. Most of the proceeds therefore go to selling shareholders rather than into the business, so the issue does little to strengthen the company's own balance sheet.
Revenue moved from ₹271.96 Cr in 31 Mar 2025 to ₹394.09 Cr in 31 Mar 2026 (+44.9%), while profit after tax went from ₹43.11 Cr to ₹104.3 Cr (+141.9%). Profit grew faster than revenue, which points to operating leverage or a better cost mix rather than growth bought purely through volume.
Recently listed companies in the same space trade at a median price-to-earnings ratio of about 39.6. Comparing that with the multiple implied by this issue's ₹384–₹404 band is a more useful test of pricing than looking at the grey market premium alone.
Kfin Technologies Ltd. is the registrar for this issue, which means the allotment status for Rentomojo is published on their portal from 15 Sep 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.
A grey market premium of ₹125 on the upper band of ₹404 implies a listing gain of roughly 30.9%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.
What looks good
- Profit is growing faster than revenue, suggesting improving operating efficiency.
- Return on equity of 43.51% is strong for the sector.
What to watch
- Only 11.9% of the issue is fresh capital — the rest is existing shareholders selling.
- Promoter holding falls to 19.94% after the issue, below majority control.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
| IPO Date | 9-11 Sept |
| Face Value | ₹1 Per Share |
| Price Range | ₹384 to ₹404 |
| Issue Size | ₹1,256 Cr |
| Lot Size | 37 Shares |
| Allotment Date | 15 Sep 2026 |
| Listing Date | 17 Sep 2026 |
| Registrar | Kfin Technologies Ltd. |
Quota Allocation
| Category | Allocation |
|---|
| Retail Investors | 35% |
| QIB (Qualified Institutional Buyers) | 50% |
| HNI (High Net Worth Individuals) | 15% |
IPO Details
| Total Issue Size | 3,10,80,978 shares (agg. up to ₹1,256 Cr) |
| Fresh Issue | 37,15,449 shares (agg. up to ₹150 Cr) |
| Offer for Sale | 2,73,65,529 shares of ₹1 (agg. up to ₹1,106 Cr) |
| Share Holding Pre Issue | 10,13,91,096 shares |
| Share Holding Post Issue | 10,51,06,545 shares |
IPO Timetable (Tentative)
| IPO Open | Wed, Sep 9, 2026 |
| IPO Close | Fri, Sep 11, 2026 |
| Allotment | Tue, Sep 15, 2026 |
| Refund | Wed, Sep 16, 2026 |
| Credit of Shares | Wed, Sep 16, 2026 |
| Listing | Thu, Sep 17, 2026 |
Issue Reservation
| Investor Category | Shares |
|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|
| Retail (Min) | 1 | 37 | ₹14,948 |
| Retail (Max) | 13 | 481 | ₹1,94,324 |
| S-HNI (Min) | 14 | 518 | ₹2,09,272 |
| S-HNI (Max) | 66 | 2,442 | ₹9,86,568 |
| B-HNI (Min) | 67 | 2,479 | ₹10,01,516 |
Investor Category Reservations
| Category | Limit | Cut-off |
|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|
| Assets | 641.12 | 449.87 | 366.20 |
| Total Income | 394.09 | 271.96 | 195.80 |
| Profit After Tax | 104.30 | 43.11 | 22.41 |
| EBITDA | 163.46 | 118.44 | 78.15 |
| NET Worth | 295.81 | 183.61 | 139.61 |
| Reserves and Surplus | 291.71 | 182.94 | 138.94 |
| Total Borrowing | 187.59 | 154.58 | 147.22 |
| Amount in ₹ Crore |
Recently Listed IPOs in E-Retail/ E-Commerce
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|
| Meesho Ltd. | Mainboard | ₹5,421.20 Cr | ₹111 | -11.63 | ₹170.09 | +53.23% | ₹210.30 |
| Urban Co.Ltd. | Mainboard | ₹1,900.00 Cr | ₹103 | 59.71 | ₹166.83 | +61.97% | ₹176.06 |
| Acetech E-Commerce Ltd. | SME | ₹48.95 Cr | ₹112 | 19.56 | ₹117.60 | +5.00% | ₹132.00 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|
| 1 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company | 70.00 |
| 2 | Payment of lease rental/ license fee for our warehouses and experience stores | 42.50 |
| 3 | General corporate purposes | |
| Total | 112.50 |
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|
| ROE | 43.51% | 26.67% |
| ROCE | 25.34% | 25.14% |
| Debt/Equity | 0.63 | 0.84 |
| RoNW | 43.51% | 26.67% |
| PAT Margin | 26.95% | 16.21% |
| EBITDA Margin | 41.48% | 43.55% |
| NAV | 28.65 | 17.81 |
| Price to Book Value | 14.10 | 22.68 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|
| EPS (₹) | 10.29 | 9.92 |
| P/E (x) | 39.26 | 40.73 |
| Market Cap at Offer Price | ₹4,096Cr. | ₹4,246.30 Cr |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|
| Promoter and Promoter Group | 21.49% | 19.94% |
| Public | 78.51% | 80.06% |
| Total | 100% | 100% |
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|
| Geetansh Bamania | Promoter | 8,49,175 | 34.31 |
| Accel India IV (Mauritius) Ltd. | Corporate | 78,46,951 | 317.02 |
| Edelweiss Discovery Fund-Series I | Corporate | 28,82,794 | 116.46 |
| IDG Ventures India Fund III LLC | Corporate | 28,03,431 | 113.26 |
| ValueQuest S.C.A.L.E.Fund | Corporate | 27,13,418 | 109.62 |
| Madison India Opportunities V VCC | Corporate | 23,98,550 | 96.90 |
| Chiratae Trust represented by its trustee Vistra ITCL (India) Ltd.& acting through its investment manager, Naigama Investment Manager LLP | Corporate | 20,02,019 | 80.88 |
| GMO Payment Gateway Inc | Corporate | 15,12,800 | 61.12 |
| GMO GFF Ltd.Partnership | Corporate | 8,42,174 | 34.02 |
| MSIVC 2018V Venture Capital Investment Ltd.Partnership | Corporate | 7,53,647 | 30.45 |
| Pratithi Investment Trust, acting through its trustee S.Gopalakrishnan | Corporate | 7,19,315 | 29.06 |
| Rajeev Chitrabhanu HUF | Corporate | 3,07,000 | 12.40 |
| VCATs Management Services Trust-II | Corporate | 76,260 | 3.08 |
| Renaud Laplanche | Other | 7,55,405 | 30.52 |
| Gaurav Bamania | Other | 4,00,000 | 16.16 |
| Gautam Dalmia | Other | 2,54,130 | 10.27 |
| Nitish Mittersain | Other | 1,48,460 | 6.00 |
| Subodh Shinkar | Other | 1,00,000 | 4.04 |
| Total | | 2,73,65,529 | 1,105.57 |
About Rentomojo
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.The Company provides consumers with affordable, flexible and long-term subscription plans for home furniture and appliances, enabling them to rent, return, upgrade and relocate products without the need for large upfront purchases or long-term ownership commitments. Its product portfolio includes essential home products such as beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers, comprising 851,184 live items as of March 31, 2026.
Rentomojo operates through an integrated asset-lifecycle model covering category management, product design, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment. This full-stack approach enables the Company to manage its assets across multiple deployment cycles, improve occupancy and capital efficiency, and provide consistent service throughout the subscription lifecycle. The Company operates through an omni-channel model, combining its online ordering platform with 82 experience stores across India as of March 31, 2026.
As of March 31, 2026, the Company had 253,825 live subscribers across 29 cities in India. It operates 20 warehouses with an aggregate warehousing area of 538,933 sq. ft. and has a network of trained service professionals and logistics partners supporting delivery, installation, maintenance, repairs, relocation and reverse logistics. The Company recorded an average delivery turnaround time of 2.35 days in Fiscal 2026 and maintained an occupancy rate of 83.34% during Fiscal 2026.
The Company operates at the intersection of e-commerce, subscription and re-commerce, integrating its e-commerce, subscription and re-commerce stacks across the consumer and asset lifecycle. This model is designed to generate recurring revenue, extend asset life through refurbishment and redeployment, improve occupancy and reduce new capital expenditure. The Company has also expanded its product portfolio through private-label furniture and appliances, including refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited and its own branded water purifiers.
As of March 31, 2026, Rentomojo had 835 permanent employees and 1,772 contractual workforce personnel, supporting its operations across 29 cities in India.
Consistently profitable D2C player since Fiscal 2023.
Strong subscriber base and extensive product portfolio.
Marquee institutional investors and established sponsorship base.
Predictable recurring revenues and high return on capital employed.
Omni-channel presence through online platform and experience stores.
Leading furniture and appliance rental and subscription platform in India.
Full-stack asset-lifecycle management supporting multiple asset deployments.
Integrated business model combining e-commerce, subscription and re-commerce.
Rentomojo IPO — common questions
What is Rentomojo IPO?
Rentomojo IPO is a Mainboard issue open from 9-11 Sept. The company is raising ₹1,256 Cr at a price band of ₹384 to ₹404 per share. One lot is 37 shares.
When does Rentomojo IPO open and close?
The issue is open 9-11 Sept. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
What is the Rentomojo IPO price band?
The price band is ₹384 to ₹404 per equity share, against a face value of ₹1. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
What is the Rentomojo IPO lot size?
The minimum application is 37 shares, and bids must be in multiples of that lot.
What is the Rentomojo IPO issue size?
The total issue size is ₹1,256 Cr.
How is Rentomojo IPO reserved between investor categories?
The issue is reserved as retail 35%, QIB 50%, HNI 15%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
When is the Rentomojo IPO allotment date?
Basis of allotment is expected to be finalised on 15 Sep 2026. You can check your status on the registrar's website (Kfin Technologies Ltd.) using your PAN.
When does Rentomojo IPO list?
Listing is expected on 17 Sep 2026, following the T+3 timeline that applies to Indian IPOs.
