Rentomojo IPO: Price Band, Issue Size and Key Dates
Rentomojo is set to launch its initial public offering (IPO) on September 9, 2026, with a price band of ₹384 to ₹404 per share. The ₹1,255.57 crore mainboard IPO will remain open for subscription until September 11 and is proposed to list on the BSE and NSE.
For retail investors, the minimum application size is 37 shares, requiring an investment of ₹14,948 at the upper end of the price band.
Rentomojo IPO details at a glance
| Particulars | Details |
|---|---|
| IPO opening date | September 9, 2026 |
| IPO closing date | September 11, 2026 |
| Price band | ₹384 to ₹404 per share |
| Total issue size | ₹1,255.57 crore |
| Fresh issue | ₹150 crore |
| Offer for sale | ₹1,105.57 crore |
| Lot size | 37 shares |
| Minimum retail investment | ₹14,948 at ₹404 per share |
| Anchor investor date | September 8, 2026 |
| Tentative allotment date | September 15, 2026 |
| Tentative listing date | September 17, 2026 |
| Stock exchanges | BSE and NSE |
The issue includes a fresh issue of about 37.15 lakh shares worth ₹150 crore and an offer for sale (OFS) worth approximately ₹1,105.57 crore.
What is the Rentomojo IPO price band?
The Rentomojo IPO price band is ₹384 to ₹404 per equity share.
At the upper end of ₹404 per share, the IPO is expected to give Rentomojo a market capitalisation of approximately ₹4,006.2 crore.
The company has a face value of ₹1 per equity share.
What is the Rentomojo IPO issue size?
Rentomojo plans to raise approximately ₹1,255.57 crore through the IPO.
The issue has two components:
- Fresh issue: ₹150 crore
- Offer for sale: ₹1,105.57 crore
The fresh issue will bring new capital into the company. In an OFS, existing shareholders sell their shares, so those proceeds go to the selling shareholders rather than Rentomojo.
Existing investors participating in the OFS include Accel India, Edelweiss, IDG Ventures India, ValueQuest, Madison India and GMO, along with promoter Geetansh Bamania.
What is the Rentomojo IPO lot size?
The Rentomojo IPO lot size is 37 shares. Retail investors can apply for at least one lot and then in multiples of 37 shares.
At the upper price band:
37 shares × ₹404 = ₹14,948
This means a retail investor applying for one lot at the upper price needs ₹14,948.
When will the Rentomojo IPO open and close?
The Rentomojo IPO will open for public subscription on September 9, 2026, and close on September 11, 2026.
The anchor investor bidding is scheduled for September 8, one day before the public issue opens.
The tentative IPO timeline is:
- Anchor investor bidding: September 8, 2026
- IPO opens: September 9, 2026
- IPO closes: September 11, 2026
- Basis of allotment: September 15, 2026
- Refunds and demat credit: expected around September 16, 2026
- Tentative listing: September 17, 2026
IPO dates can change, so investors should check the final exchange or registrar updates before taking action.
How will Rentomojo IPO shares be allocated?
Excluding the employee reservation portion, Rentomojo has divided the net offer among different investor categories.
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NIIs): 15%
- Retail investors: 35%
The company has also reserved shares worth ₹2 crore for eligible employees. Employees participating through this portion will receive a ₹20 per share discount to the applicable IPO price.
How will Rentomojo use the IPO proceeds?
Since only ₹150 crore of the issue is a fresh issue, Rentomojo will receive proceeds from this portion after deducting applicable issue expenses.
The company plans to use the fresh issue proceeds for purposes including:
- Repayment or prepayment of certain outstanding borrowings and accrued interest
- Lease rentals and licence fees for warehouses and experience stores
- General corporate purposes
The much larger OFS component will result in proceeds going to the respective selling shareholders.
What does Rentomojo do?
Rentomojo operates a technology-led rental platform that allows consumers to rent furniture and home appliances instead of purchasing them outright.
Its portfolio includes products such as:
- Beds and sofas
- Wardrobes
- Refrigerators
- Washing machines
- Water purifiers
The platform carries products from brands including Haier, Wakefit, Livpure and Duroflex, alongside its private-label offerings.
As of September 30, 2025, Rentomojo had 227,511 live subscribers across 22 cities. Its portfolio included 728,773 live furniture and appliance products, according to reported IPO information.
Rentomojo’s model is built around recurring rental and subscription payments, giving consumers access to household products without the larger upfront cost of purchasing them.
What is Rentomojo’s IPO valuation?
At the announced price band, Rentomojo’s valuation is another factor investors may want to examine before applying.
Based on diluted FY2026 earnings per share, the reported price-to-earnings (P/E) multiples are:
| IPO price | P/E ratio |
|---|---|
| ₹384 | 38.02 times |
| ₹404 | 40 times |
At ₹404 per share, Rentomojo’s expected market capitalisation is around ₹4,006.2 crore.
Investors should consider these numbers alongside the company’s revenue growth, profitability, cash flows, debt, competitive position and future expansion plans rather than judging the IPO only by its issue price.
Who are the book-running lead managers?
The merchant bankers managing the Rentomojo IPO are:
- Motilal Oswal Investment Advisors
- Axis Capital
- IIFL Capital Services
The shares are proposed to be listed on both the BSE and NSE.
What is the Rentomojo IPO GMP?
As of the morning of September 4, 2026, IPO Watch had not reported an active grey market premium (GMP) for the Rentomojo IPO.
GMP is an unofficial indicator and can change quickly before listing. It is not regulated in the same way as trading on recognised stock exchanges, so investors should not use grey market activity alone to decide whether to apply for an IPO.
Should investors consider the Rentomojo IPO?
The Rentomojo IPO gives public-market investors exposure to India’s furniture and appliance rental segment. Its recurring subscription model, subscriber base and presence across multiple cities are important aspects of the business to examine.
However, investors should also study the company’s valuation, financial performance, competitive risks, borrowing levels and the fact that most of the ₹1,255.57 crore IPO consists of an OFS.
The ₹150 crore fresh issue represents only a portion of the overall IPO, while approximately ₹1,105.57 crore relates to shares being sold by existing shareholders.
Investors should read the final offer documents carefully and assess whether the company’s fundamentals and valuation fit their own risk profile. IPO investments are subject to market risk, and listing gains are never guaranteed.
FAQs about Rentomojo IPO
When will the Rentomojo IPO open?
The Rentomojo IPO is scheduled to open for subscription on September 9, 2026 and close on September 11, 2026.
What is the Rentomojo IPO price band?
The IPO price band has been fixed at ₹384 to ₹404 per equity share.
What is the Rentomojo IPO issue size?
Rentomojo plans to raise approximately ₹1,255.57 crore, comprising a ₹150 crore fresh issue and an OFS of approximately ₹1,105.57 crore.
What is the minimum investment in the Rentomojo IPO?
The minimum lot size is 37 shares. At the upper price of ₹404, one lot requires an investment of ₹14,948.
When is the Rentomojo IPO allotment date?
The basis of allotment is tentatively expected to be finalised on September 15, 2026.
When will Rentomojo shares list?
Rentomojo shares are tentatively scheduled to list on the BSE and NSE on September 17, 2026.
Is there an employee discount in the Rentomojo IPO?
Yes. Eligible employees applying through the employee reservation portion are being offered a ₹20 per share discount to the applicable IPO price.
What is the Rentomojo IPO GMP today?
As of the morning of September 4, 2026, an active GMP had not yet been reported by IPO Watch. GMP can change frequently and should not be treated as a reliable indicator of actual listing performance.
Key takeaways
- Rentomojo IPO opens on September 9 and closes on September 11, 2026.
- The price band is ₹384 to ₹404 per share.
- The total IPO size is approximately ₹1,255.57 crore.
- The issue includes a ₹150 crore fresh issue and an approximately ₹1,105.57 crore OFS.
- The minimum lot size is 37 shares, requiring ₹14,948 at the upper price band.
- Rentomojo is expected to list on the BSE and NSE on September 17, 2026.
- Investors should assess the company’s fundamentals and valuation instead of relying only on IPO GMP or expectations of listing gains.
Disclaimer
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