Rentomojo IPO

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Price Band

384 – ₹404

Issue Size

1255.57 Cr

Issue Dates

9 Sept 11 Sept 2026

Listing Date

17 Sept 2026

About Rentomojo Ltd.

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. 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. 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 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.

IPO Details

Price Band₹384 – ₹404
Face Value₹1
Issue Size₹1255.57 Cr
Fresh Issue₹150 Cr
Offer for Sale1105.57 Cr
Total Shares Offered3,10,80,978
Listed OnBoth

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: (1) Repayment/prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company - Rs. 70.00 Cr; (2) Payment of lease rental/license fee for warehouses and experience stores - Rs. 42.50 Cr; (3) General corporate purposes (amount not disclosed). Total of specified objects: Rs. 112.50 Cr. The Offer for Sale of 2,73,65,529 equity shares of Rs. 1 each (aggregating Rs. 1,105.57 Cr) comprises shares sold by Geetansh Bamania (Promoter, 8,49,175 shares, Rs. 34.31 Cr), Accel India IV (Mauritius) Ltd. (78,46,951 shares, Rs. 317.02 Cr), Edelweiss Discovery Fund-Series I (28,82,794 shares, Rs. 116.46 Cr), IDG Ventures India Fund III LLC (28,03,431 shares, Rs. 113.26 Cr), and ValueQuest S.C.A.L.E.Fund (27,13,418 shares, Rs. 109.62 Cr).

Key Financial Metrics

EPS (Basic)

10.29

P/E Ratio

39.26x

ROE

43.51%

ROCE

25.34%

Debt / Equity

0.63

Financial Performance

Particulars (₹ Cr)FY2024FY2025FY2026
Revenue
EBITDA78.15118.44163.46
PAT22.4143.11104.3
Total Assets366.2449.87641.12
Net Worth139.61183.61295.81
Total Borrowings147.22154.58187.59

Valuation

Market Capitalisation

Pre-IPO₹4,096 Cr
Post-IPO₹4,246.3 Cr

P/E Ratio

Pre-IPO39.26x
Post-IPO40.73x

Promoter Holding

Pre-IPO21.49%
Post-IPO19.94%

Public Holding

Pre-IPO78.51%
Post-IPO80.06%

Lot Size & Allocation

Investment by Category

CategoryLot SizeMin InvestmentMax Investment
retail_min37 shares₹14,948
retail_max37 shares₹1,94,324
shni_min14 × 37₹2,09,272
shni_max37 shares₹9,86,568
bhni_min67 × 37₹10,01,516

Reservation / Allocation

CategoryAllocationCut-off
QIB Shares Offered50%No
Retail Shares Offered35%Yes
NII (HNI) Shares Offered15%No

Registrar & Lead Managers

Registrar

Kfin Technologies Ltd.

Lead Managers (3)

Motilal Oswal Investment Advisors Ltd.
Axis Capital Ltd.
IIFL Capital Services Ltd.

Peer Comparison

CompanyListedMkt Cap (₹ Cr)EPS (₹)P/EROE %
Rentomojo IPO (this IPO)4,246.3₹10.2939.26x43.51%
Meesho Ltd.Yes-11.63x
Urban Co.Ltd.Yes59.71x
Acetech E-Commerce Ltd.Yes19.56x

Frequently Asked Questions

5 questions about Rentomojo IPO IPO

Rentomojo IPO is a book build issue of 3,10,80,978 equity shares of face value Rs. 1, comprising a fresh issue of Rs. 150.00 crores and an offer for sale of 2.74 crore shares aggregating up to Rs. 1,105.57 crores, for a total issue size of Rs. 1,255.57 crores. The issue is priced in the band of Rs. 384 to Rs. 404 per share.

Important Dates

Issue Opens9 Sept 2026
Issue Closes11 Sept 2026
Allotment15 Sept 2026
Refund Initiation16 Sept 2026
Demat Credit16 Sept 2026
Listing Date17 Sept 2026

Live GMP

Grey Market Premium145
GMP %35.89%
View GMP History

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