Rentomojo is preparing to launch its initial public offering (IPO) for investors.
The IPO will open for subscription on September 9, 2026, and close on September 11, 2026.
The total size of the IPO is ₹1,255.57 crore. It includes a fresh issue of 3.715 million shares, while existing shareholders will sell 27.4 million shares through an Offer for Sale (OFS).
Rentomojo IPO GMP Shows Positive Trend
Ahead of the IPO opening, Rentomojo shares are showing a positive trend in the grey market. According to Investors Gain, the shares are trading at a grey market premium (GMP) of around ₹33.
Based on the upper price band, this indicates a potential listing gain of about 8%. However, GMP is unofficial and can change quickly before listing.
Price Band and Minimum Investment
The price band for the Rentomojo IPO has been fixed at ₹384 to ₹404 per share.
One lot consists of 37 shares. At the upper price band of ₹404, retail investors will need at least ₹14,948 to apply for one lot.
Motilal Oswal Investment Advisors Limited is the book-running lead manager, while KFin Technologies Limited is the registrar for the IPO.
How the IPO Is Divided Among Investors
At least 75% of the issue is reserved for Qualified Institutional Buyers (QIBs). Up to 15% is available for Non-Institutional Investors (NIIs), while up to 10% is reserved for retail investors.
This means the portion available to individual retail investors is relatively limited.
What Does Rentomojo Do?
Rentomojo operates a direct-to-consumer rental and subscription platform. It allows customers to rent furniture, home appliances and other products instead of purchasing them.
The company’s product portfolio includes beds, sofas, refrigerators, washing machines, water purifiers and several other household items.
The company has a total of 728,773 products. As of September 30, 2025, it had 227,511 subscribers across 22 cities.
How Will Rentomojo Use the IPO Money?
Rentomojo plans to use ₹70 crore from the proceeds to repay or prepay some of its existing borrowings.
Another ₹42.50 crore will be used for lease rent, licence fees and related expenses. The remaining funds will be used for general corporate purposes.
Promoter Holding to Fall After IPO
Before the IPO, promoters and the promoter group held a 62.74% stake in the company. After the issue, their holding is expected to fall to 51.40%.
At the same time, public shareholding is expected to increase from 37.26% to 48.60%.
Investors should remember that IPO investments involve market risks, and grey market premiums do not guarantee listing gains. This information is for informational purposes only and should not be considered investment advice.