Rentomojo Limited IPO — Subscription & GMP
- Price band
- ₹384 – ₹404
- Lot size
- 37
- Issue size
- ₹1,255.57 Cr
- Bidding
- 09 Sept 2026 → 11 Sept 2026
- Allotment
- —
- Listing
- 17 Sept 2026
Listing outcome
Official exchange pricesGMP was out by 15.2 percentage points against the buyer — it implied +34.65% and the issue listed +19.42%. Counted in our running GMP accuracy record.
Schedule
- 09 Sept 2026IPO open date
- 11 Sept 2026IPO close date
- 14 Sept 2026Allotment date†
- 14 Sept 2026Funds unblock or debit†
- 17 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsRentoMojo Limited - Business Model Summary
RentoMojo Limited operates as a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform specializing in home furniture, major appliances, and electronics. It replaces traditional capital-intensive ownership with an "access over ownership" model tailored for urban consumers.
Core Operating Segments & Model
1. Subscription-Based Access: - Offers flexible short-term and long-term monthly rental plans (Rental Monthly Installments) for products like beds, sofas, refrigerators, washing machines, and fitness gear. - Eliminates large upfront capital expenditures for consumers and provides built-in value-adds such as free relocation, periodic maintenance, and item upgrades.
2. Full-Stack Asset Lifecycle Management: - Manages the entire value chain internally—spanning product design, category management, procurement (featuring third-party brands and private labels), warehousing, delivery, and installation. - Utilizes proprietary workflows (such as Mojodesk for subscription and risk workflows, and MojoVaahan for AI-enabled logistics) to handle reverse logistics, product refurbishment, and multi-cycle redeployment.
Revenue Streams
- Recurring Rental Subscriptions: Generates predictable, high-visibility recurring revenue through monthly subscription fees paid by active subscribers over the lifecycle of the rented assets.
- Re-commerce & Secondary Yields: Maximizes asset productivity by redeploying returned items across multiple subscription cycles, improving overall capital efficiency.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹10.42 | — |
| P/E ratio | 38.77× | — |
| NAV per share | ₹28.65 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 841 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 62.06 L | 82.91 Cr | 133.61× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 14.41 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 49.04 Cr | — |
| 1(c)Mutual funds | — | 2.24 Cr | — |
| 2Non Institutional Investors | 46.54 L | 26.60 Cr | 57.14× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 31.03 L | 19.93 Cr | 64.24× |
| 2.1(a)Corporates | — | 17.95 L | — |
| 2.1(b)Individuals(Other than RIIs) | — | 18.96 Cr | — |
| 2.1(c)Others | — | 79.70 L | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 15.51 L | 6.66 Cr | 42.94× |
| 3Retail Individual Investors(RIIs) | 1.09 Cr | 10.55 Cr | 9.71× |
| 3(a)Cut Off | — | 9.04 Cr | — |
| 3(b)Price bids | — | 1.51 Cr | — |
| 4Employees | 52,083 | 8.29 L | 15.91× |
| 4(b)Price Bids | — | 1.33 L | — |
| Total | 2.18 Cr | 120.14 Cr | 55.18× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹384 → ₹404 · peak 158.75 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
The allocation table for this issue could not be read reliably from the filing, so nothing is reproduced here.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹150.00 Cr 11.9%
- Offer for sale
- ₹1.11k Cr 88.0%
- Total issue size
- ₹1.26k Cr
Read from the issue size stated in NSE's filing. The filing quotes the offer for sale as 2.74 Cr shares rather than a rupee amount, so it is valued here at the cap price of ₹404 — the final figure moves with the issue price.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹384 – ₹404
- Lot size
- 37 shares
- Min. bid quantity
- 37
- Face value
- ₹1.00
- Tick size
- ₹1.00
- Shares offered
- 2.18 Cr
- Issue size
- ₹1255.57 Cr
- Max bid · QIB
- 2.17 Cr
- Max bid · NII
- 1.55 Cr
- Employee discount
- Employee Discount of Rs 20-/-
Timeline & process
- Bidding opens
- 09 Sept 2026
- Bidding closes
- 11 Sept 2026
- Bidding hours
- 10.00 a.m. to 5.00 p.m.
- UPI mandate cutoff
- 11-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to participate in IPOs by successfully accepting the mandate.
- Allotment
- —
- Listing
- 17 Sept 2026
Intermediaries
- Registrar
- KFin Technologies Limited
- Sponsor bank
- ICICI BANK
- Lead managers
- Motilal Oswal Investment Advisors Limited, Axis Capital Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited)