Rentomojo IPO Opens For Subscription, GMP Signals Strong Listing Gains, Check Price Band And Other Details

The initial public offering (IPO) of Rentomojo Limited opened for public subscription on Wednesday, September 9, 2026, and bidding will close on Friday, September 11, 2026.

Trends in the unlisted market suggest the grey market premium (GMP) on the issue suggests the possibility of strong double-digit listing gains for investors when the stock makes its debut.

Rentomojo's IPO is a book-built issue worth Rs 1,255.57 crore. It combines a fresh issue of 3.72 million shares worth Rs 150 crore with an offer for sale of 27.36 million shares worth Rs 1,105.57 crore, under which existing shareholders will pare down their holding. The company has fixed the price band at Rs 384 to Rs 404 per share, and the minimum lot size for an application is 37 shares. At the top end of the band, a retail investor needs to put in at least Rs 14,948 to bid for one lot.

The allotment of shares is expected to be finalised on Tuesday, September 15, 2026. Refunds for unsuccessful applicants and the credit of shares to successful ones are scheduled for Wednesday, September 16, and the stock is set to list on the BSE and the NSE on Thursday, September 17, 2026.

Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services are the book running lead managers to the issue, and KFin Technologies Ltd is the registrar.

Rentomojo IPO GMP Today

Websites that track grey market trades put Rentomojo shares at a GMP of Rs 134 over the issue price, as of 8:01 AM on September 9. Against the upper end of the price band at Rs 404, this premium indicates a listing price of around Rs 538 a share, a gain of 33.17 per cent over the issue price.

GMPs are gathered from unofficial trades that take place outside the exchanges before a stock lists, and it tends to shift through the bidding period depending on demand, so the actual listing price can end up different from what the premium indicates today.

Rentomojo Business

Rentomojo, incorporated in April 2012, runs a full-stack rental and subscription platform for home furniture and appliances, letting customers rent, return, upgrade or relocate products instead of buying them outright. Its catalogue covers beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers, and the company had 851,184 live items on its books as of March 31, 2026. Rentomojo handles the entire lifecycle of these assets in-house, from procurement and product design to refurbishment, servicing and reverse logistics, and sells through its app and website alongside 82 experience stores across the country.

As of March 31, 2026, the company had 253,825 live subscribers spread across 29 cities, backed by 20 warehouses with a combined area of 538,933 square feet. Rentomojo's average delivery turnaround stood at 2.35 days in FY26, and its inventory ran at an occupancy rate of 83.34 per cent during the year. The company has also built a private-label business, manufacturing refrigerators and washing machines with Dixon Technologies (India) Limited and selling water purifiers under its own brand.

Rentomojo’s Financial Performance

Rentomojo's total income came in at Rs 394.09 crore in FY26, up 44.91 per cent from Rs 271.96 crore in FY25, after FY25 income had itself grown 38.91 per cent over Rs 195.80 crore in FY24.

Profit after tax (PAT) stood at Rs 104.30 crore in FY26, up 141.94 per cent from Rs 43.11 crore in FY25, which followed a 92.37 per cent rise in FY25 over Rs 22.41 crore in FY24.

Earnings before interest, tax, depreciation and amortisation (Ebitda) rose to Rs 163.46 crore in FY26, up 38.01 per cent from Rs 118.44 crore in FY25, after Ebitda had grown 51.56 per cent in FY25 over Rs 78.15 crore in FY24.

On the balance sheet, Total assets stood at Rs 641.12 crore, up 42.51 per cent from Rs 449.87 crore in FY25.

Net worth rose 61.11 per cent to Rs 295.81 crore, while reserves and surplus increased 59.46 per cent to Rs 291.71 crore during the year. Borrowings, meanwhile, grew at a slower pace, rising 21.35 per cent to Rs 187.59 crore.