Rentomojo Lists at 19.4% Premium

Rentomojo shares made a strong stock market debut on September 17, 2026, listing at ₹482.45 per share, a 19.42% premium over the IPO issue price of ₹404 per share.

The stock extended its gains following the listing and touched an intraday high of ₹534. As of 1:45 PM, Rentomojo shares were trading at ₹520.15 on the NSE, up 28.75% from the IPO issue price and 7.81% above the listing price.

The listing followed the company’s ₹1,255.57 crore IPO, which was open for subscription from September 9 to September 11, 2026. The issue witnessed strong investor demand and was subscribed 72.89 times overall.

Rentomojo’s IPO comprised a fresh issue of 37.15 lakh shares aggregating to ₹150 crore and an offer for sale of approximately 2.74 crore shares aggregating to ₹1,105.57 crore.

Rentomojo is a technology-driven direct-to-consumer online rental and subscription platform for furniture, appliances and other home products. Customers can rent products such as beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers instead of purchasing them outright.

Rentomojo IPO Listing Details

Rentomojo launched its ₹1,255.57 crore IPO, comprising a fresh issue of ₹150 crore and an offer for sale of approximately ₹1,105.57 crore. The bidding window opened on September 9 and closed on September 11, 2026.

The IPO price band was fixed at ₹384 to ₹404 per equity share, with the final issue price fixed at ₹404 per share.

The IPO received an overall subscription of 72.89 times by the end of the bidding period. Qualified Institutional Buyers subscribed 177.29 times, Non-Institutional Investors 67.93 times and Retail Individual Investors 15.62 times. The employee portion was subscribed 21.03 times.

Rentomojo subsequently made its stock market debut at ₹482.45 per share against the IPO issue price of ₹404, resulting in a listing premium of 19.42%.

• Issue Price: ₹404 per share
• Listing Price: ₹482.45 per share
• Listing Premium: 19.42%
• Intraday High: ₹534
• Intraday Low: ₹482.45
• Trading Price at 1:45 PM: ₹520.15
• Gain From Issue Price at 1:45 PM: 28.75%
• Gain From Listing Price at 1:45 PM: 7.81%
• IPO Size: ₹1,255.57 crore
• Fresh Issue: ₹150 crore
• Offer for Sale: ₹1,105.57 crore
• Overall Subscription: 72.89 times
• IPO Open Date: September 9, 2026
• IPO Close Date: September 11, 2026
• Listing Date: September 17, 2026

First-Day Trading Performance

Listing Price: Rentomojo share price debuted at ₹482.45 per share against the IPO issue price of ₹404, resulting in a listing premium of 19.42%.

Following its debut, the stock extended its gains and touched an intraday high of ₹534, while its intraday low stood at ₹482.45.

As of 1:45 PM on September 17, 2026, Rentomojo shares were trading at ₹520.15 on the NSE. This represented a gain of ₹116.15, or 28.75%, over the IPO issue price of ₹404.

At ₹520.15, the stock was also ₹37.70, or 7.81%, above its listing price of ₹482.45.

The positive debut followed the company’s IPO, which received an overall subscription of 72.89 times. Investor demand was led by Qualified Institutional Buyers, whose portion was subscribed 177.29 times. The NII category was subscribed 67.93 times, while the retail portion was subscribed 15.62 times.

Within the NII category, the S-NII portion was subscribed 57.45 times and the B-NII portion 73.16 times. The employee category received 21.03 times subscription.

Growth Drivers and Challenges

Growth Drivers

Technology-Driven Platform: Rentomojo operates an online rental and subscription platform that allows customers to access furniture, appliances and other home products without purchasing them outright.

Diversified Product Portfolio: The platform offers products across multiple categories, including beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers.

Subscription-Based Model: The rental model provides an alternative to outright ownership, particularly for customers seeking flexibility in accessing household products.

Strong Institutional Demand: The QIB portion of the IPO was subscribed 177.29 times, indicating substantial institutional participation in the public issue.

Anchor Investor Participation: Ahead of the IPO, Rentomojo raised ₹376.07 crore from anchor investors on September 8, 2026.

Challenges

Competitive Market: Rentomojo operates in a market where rental platforms compete with traditional retailers, e-commerce companies and other online rental businesses.

Asset Management: The rental model requires efficient procurement, maintenance, refurbishment and utilisation of furniture and appliances.

Customer Retention: The subscription business depends on acquiring customers while maintaining engagement and renewals over time.

Operational Requirements: Managing delivery, installation, servicing, returns and inventory across different product categories can involve significant operational complexity.

Business Scalability: Expanding the rental network while maintaining service standards and efficient asset utilisation remains important as the company grows.

Utilisation of IPO Proceeds

Rentomojo’s ₹1,255.57 crore IPO comprised a fresh issue of 37.15 lakh shares aggregating to ₹150 crore and an offer for sale of approximately 2.74 crore shares aggregating to ₹1,105.57 crore.

The fresh issue proceeds will accrue to the company and are intended to support the objects specified for the public issue, while proceeds from the offer for sale will be received by the selling shareholders after applicable expenses and taxes.

The public issue comprised:

• Fresh Issue: ₹150 crore
• Offer for Sale: ₹1,105.57 crore
• Total IPO Size: ₹1,255.57 crore

Ahead of the public issue, Rentomojo raised ₹376.07 crore from anchor investors on September 8, 2026.

Business and IPO Overview

Rentomojo is a technology-driven direct-to-consumer online rental and subscription platform focused on furniture, appliances and other home products.

The company allows customers to rent household products instead of purchasing them outright. Its offerings include beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers.

Rentomojo entered the public markets through a ₹1,255.57 crore IPO comprising a fresh issue of ₹150 crore and an offer for sale of ₹1,105.57 crore.

The issue opened on September 9 and closed on September 11, 2026, with a price band of ₹384 to ₹404 per share. The final issue price was fixed at ₹404 per share.

At the issue price, the company had a post-issue market capitalisation of approximately ₹4,206 crore. Its post-IPO earnings per share stood at ₹9.92, translating into a price-to-earnings multiple of approximately 40.7 times at the issue price.

The IPO received bids for approximately 158.68 crore equity shares against 2.18 crore shares on offer and was subscribed 72.89 times overall. The QIB portion was subscribed 177.29 times, the NII portion 67.93 times and the retail portion 15.62 times.

Rentomojo made a positive stock market debut on September 17, 2026, listing at ₹482.45 per share, representing a 19.42% premium over the ₹404 issue price. The stock subsequently touched an intraday high of ₹534 and was trading at ₹520.15 as of 1:45 PM, representing a 28.75% gain over the IPO issue price.