Rentomojo is all set to launch its IPO for investors. The IPO will open for subscription on September 9, 2026, and close on September 11, 2026.
The total size of the IPO is ₹1,255.57 crore. It includes a fresh issue of 37.15 lakh shares, while existing investors will sell 2.74 crore shares through an Offer for Sale (OFS).
Rentomojo IPO GMP Shows Positive Trend
Ahead of the IPO opening, Rentomojo shares are showing a positive trend in the grey market.
According to Investors Gain, the Rentomojo IPO GMP is currently around ₹33 per share. Based on the upper price band, this indicates a potential listing premium of around 8%.
However, GMP is unofficial and can change quickly. It should not be considered a guarantee of listing gains.
Price Band and Minimum Investment
The price band for the Rentomojo IPO has been fixed at ₹384 to ₹404 per share.
One lot contains 37 shares. At the upper price of ₹404, retail investors will need at least ₹14,948 to apply for one lot.
Motilal Oswal Investment Advisors Limited is the book-running lead manager for the IPO, while KFin Technologies Limited is the registrar.
How Will the IPO Be Divided?
At least 75% of the issue has been reserved for Qualified Institutional Buyers (QIBs).
Up to 15% will be available for Non-Institutional Investors (NIIs), while retail investors can get up to 10% of the issue.
What Does Rentomojo Do?
Rentomojo operates a direct-to-consumer rental and subscription platform. It allows customers to rent furniture, appliances and other household products instead of buying them.
Its product range includes beds, sofas, refrigerators, washing machines, water purifiers and several other items.
The company has a total of 7,28,773 products on its platform. As of September 30, 2025, it had 2,27,511 subscribers across 22 cities.
How Will Rentomojo Use the IPO Money?
The company plans to use ₹70 crore from the IPO proceeds to repay or prepay some of its existing debt.
Another ₹42.50 crore will be used for expenses such as lease rent and licence fees. The remaining amount will be used for general corporate purposes.
Promoter Holding to Fall After IPO
Before the IPO, promoters and the promoter group held a 62.74% stake in the company. After the issue, their holding is expected to fall to 51.40%.
Meanwhile, public shareholding will increase from 37.26% to 48.60%.
Investors should carefully check the company’s financials, risks and IPO documents before making a decision.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Stock market investments are subject to market risks. Investors should consult a financial expert before investing.
