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Rentomojo IPO
Price Band
₹384.0–404.0
Issue Size
₹1255.57 Cr
Lot Size
37 shares
Min Investment
₹14,948
GMP
+₹86.0 (21.29%)
Issue Price
₹404.0
Subject to Sauda
₹2400
Paid only if allotted
Rentomojo IPO AI Summary
- Rentomojo IPO is listed on BSE, NSE in the E-Retail/ E-Commerce sector.
- Price band: ₹384.0–₹404.0 per share, lot size 37 shares (min. investment ₹14,948).
- Subscription window: 09 Sep–11 Sep 2026, listing on 17 Sep 2026.
- Current GMP is +₹86.0 (21.29%), an estimated listing price of ₹490 — unofficial and can change daily.
Rentomojo is a leading D2C platform in the furniture and appliance rental space in India, showcasing strong revenue and profit growth. The IPO has garnered significant interest, particularly from institutional investors, and is set to open for subscription in September 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rentomojo IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
72.89x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
177.29x
|
177x 🔥 |
| NII (HNI) |
67.93x
|
68x ✓ |
| ↳ bNII (>₹10L) |
73.16x
|
73x ✓ |
| ↳ sNII (<₹10L) |
57.45x
|
57x ✓ |
| Retail (RII) |
15.62x
|
16x ✓ |
| Employee |
21.03x
|
21x ✓ |
| Total | 72.89x | 72.89x |
Auto-updated every 5 min · As of 11th Sep 2026 18:55
Rentomojo IPO Grey Market Premium (GMP) Today
GMP
+₹86.0
GMP %
+21.29%
Est. Listing
₹490.0
Updated: 17 Sep 2026 04:15
GMP Trend (Last 13 Days)
About the Company
Rentomojo is a technology-driven, full-stack direct-to-consumer (D2C) platform offering furniture and appliance rental and subscription solutions across India. It is the largest online rental platform in this category based on live subscribers and subscription revenue in Fiscal 2025 (Source: Redseer Report). Its integrated asset lifecycle model spans category management, procurement, refurbishment, servicing, reverse logistics, and multi-cycle redeployment, enabling high asset utilization and capital efficiency. The company maintained strong occupancy rates of over 80% across recent fiscals, supporting predictable and recurring revenue generation. Its product portfolio comprises 728,773 live products across furniture and appliances, including beds, sofas, wardrobes, refrigerators, washing machines, and water purifiers. Its product mix includes leading brands such as Haier, Wakefit, Livpure, and Duroflex, along with an expanding private-label portfolio, including appliances manufactured in partnership with Dixon Technologies (India) Limited. As of September 30, 2025, it served 227,511 live subscribers across 22 cities, providing affordable and flexible access to essential home products without upfront ownership costs. The company operates through an omnichannel platform combining a digital interface with 67 experience stores, supported by 21 warehouses covering 444,486 square feet. Backed by leading institutional investors including Accel, ValueQuest, Edelweiss, Chiratae Ventures, IDG Ventures India, and Madison India Opportunities. Competitive Strengths: Consistently profitable D2C player since Fiscal 2023, driven by predictable recurring revenues, acyclical performance and high return on capital employed Leading furniture and appliance rental platform Integrated multi-stack business model driving a self-reinforcing flywheel at the intersection of e-commerce, subscription, and re-commerce Proven track record of extended reuse during asset life cycle and consistent cohort returns Proprietary technology stack seamlessly facilitating end-to-end operational integration
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 641.12 | 449.87 | 366.20 |
| Total Income | 394.09 | 271.96 | 195.80 |
| Profit After Tax | 104.30 | 43.11 | 22.41 |
| EBITDA | 163.46 | 118.44 | 78.15 |
| NET Worth | 295.81 | 183.61 | 139.61 |
| Reserves and Surplus | 291.71 | 182.94 | 138.94 |
| Total Borrowing | 187.59 | 154.58 | 147.22 |
Key Ratios
EPS
₹10.29
NAV
₹17.81
ROE
26.67%
ROCE
25.14%
RoNW
26.67%
P/B Value
22.68
P/E Ratio
39.26
Market Cap
₹4246.30 Cr
PAT Margin
16.21%
Debt/Equity
0.84
Promoters
Geetansh Bamania
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company 70.00 2 Payment of lease rental/ license fee for our warehouses and experience stores 42.50 3 General corporate purposes 28.87 4 Issue Expenses 71.83 Total 213.20
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹195.80 Cr in the period ending 31 Mar 2024, rising to ₹271.96 Cr by 31 Mar 2025, and further increasing to ₹394.09 Cr by 31 Mar 2026. This indicates a strong upward trend in revenue over the reported periods.
Profit Trend
Profit After Tax was ₹22.41 Cr in the period ending 31 Mar 2024, which increased to ₹43.11 Cr by 31 Mar 2025, and further rose to ₹104.30 Cr by 31 Mar 2026. This demonstrates significant growth in profitability across the periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO in the stock market compared to its issue price. A positive GMP suggests strong demand for the shares in the grey market, often reflecting investor sentiment ahead of the official listing.
Subscription Demand
As of 11th September 2026, the IPO was subscribed 72.89 times overall. The institutional segment saw high demand, with Qualified Institutional Buyers (QIB) subscribing 177.29 times and Non-Institutional Investors (NII) subscribing 67.93 times. Retail investors subscribed 15.62 times, indicating robust interest across all categories.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment objectives and risk tolerance. It's essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable and less volatile investment options may want to avoid IPOs, as they can experience significant price fluctuations in the early days of trading.
IPO Timeline, Explained
The IPO opens for subscription on 9th September 2026 and closes on 11th September 2026. Allotment of shares will be finalized by 15th September 2026, with the listing date set for 17th September 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Rentomojo's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Rentomojo IPO GMP today?
Rentomojo IPO GMP today is +₹86.0 (21.29%), indicating an estimated listing price of ₹490. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Rentomojo IPO?
The price band of Rentomojo IPO is ₹384.0–₹404.0 per share.
When does Rentomojo IPO open and close?
Rentomojo IPO opens on 09 September 2026 and closes on 11 September 2026.
When does Rentomojo IPO list on the stock exchange?
Rentomojo IPO listed on 17 September 2026 at ₹490.0.
What is the lot size for Rentomojo IPO?
The lot size for Rentomojo IPO is 37 shares, requiring a minimum investment of ₹14,948.
What is the price band for the Rentomojo IPO?
The price band for the Rentomojo IPO is ₹384 to ₹404.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹14,948.
What is the lot size for the Rentomojo IPO?
The lot size for the Rentomojo IPO is 37 shares.
When is the listing date for the Rentomojo IPO?
The listing date for the Rentomojo IPO is 17th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Sep 2026
Close
11 Sep 2026
Allotment
15 Sep 2026
Listing
17 Sep 2026
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