Rentomojo IPO to Open on September 9 at ₹384-404 Per Share

Rentomojo is all set to open its initial public offering of ₹1,255-crore on September 9. The start-up rental service provider of furniture and appliances has fixed the price of its share at ₹384-404 per piece. The bookings for the initial public offering (IPO) will remain open till September 11. 

At Rs 404 per share, the issuing house is set to raise Rs 4,006.2 crore in terms of market value. Out of the total number of shares issued, 2.73 crore equivalent to Rs 1,105.5 crore would be on offer for sale by existing shareholders. In addition, a fresh issue of up to Rs 150 crore has also been made. 

The anchor book will open for a day on September 8, ahead of the public offer. According to the offer programme, the share allotment is likely to be finalised by September 15. Trading in Rentomojo shares is expected to begin on September 17.  

Employees have been given a separate reservation of shares worth ₹2 crore. They will be able to buy the shares at a discount of ₹20 apiece to the final offer price.  

Of the net issue, after excluding the employee portion, half has been set aside for qualified institutional buyers. Retail investors have been allocated 35%, leaving 15% for non-institutional investors.  

Promoter Geetansh Bamania holds a 13.37% stake. Accel India, which is the largest shareholder after Bamania, will own 12.71% after the issue. Chiratae Ventures follows with 7.68%, while Edelweiss Discovery Fund and ValueQuest hold 7.42% and 6.02%, respectively.  

A part of the money raised through the fresh issue will go towards reducing debt. Rentomojo has earmarked ₹70 crore for repaying certain borrowings. Its total borrowings were ₹258.3 crore as of June 2026.  

Another ₹42.5 crore will be used to pay lease rentals or licence fees for warehouses and experience stores. Whatever remains from the fresh issue proceeds will be available for general corporate purposes.  

Founded by Geetansh Bamania, Rentomojo runs a technology-driven, direct-to-consumer online platform through which customers can rent or subscribe to furniture and appliances. It claims to be India’s largest online rental and subscription platform for home furniture and appliances based on live subscribers.  

As of March 2026, the platform operated through 20 warehouses and 82 experience stores. All these properties were held on lease.  

Rentomojo earned a profit of ₹104.2 crore in the financial year ended March 2026. That was more than double the ₹43.1 crore recorded in the previous year. Revenue rose 45.5% to ₹387 crore from ₹266 crore over the same period.  

Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services have been appointed merchant bankers for the public issue.