RENTOMOJO IPO
RENTOMOJO is a MAINBOARD IPO with a current status of CLOSED. The price band is 384 - 404. The issue opens on 09 SEP and closes on 11 SEP. The listing date is 17 SEP.
Price Band
384 - 404
Unofficial GMP
₹139
Lot Size
37 shares
Minimum Investment
₹14,948
RENTOMOJO IPO GMP
The latest available GMP is ₹139. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹543.00
Estimated Gain
+34.4%
RENTOMOJO IPO GMP History
125
07 SEP
134
08 SEP
143
09 SEP
142
10 SEP
135
11 SEP
139
11 SEP
RENTOMOJO IPO Details
- IPO Type
- MAINBOARD
- Status
- CLOSED
- Price Band
- 384 - 404
- Issue Size
- 1,255.57 CR
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹150.00 Cr
- Offer for Sale
- ₹1105.57 Cr
- Face Value
- 1
- Lot Size
- 37
- Minimum Investment
- 14,948
- Exchange
- BSE, NSE
- Registrar
- Kfin Technologies Ltd.
- Lead Managers
- Motilal Oswal Investment Advisors.
RENTOMOJO IPO Dates
- Open Date
- 09 SEP
- Close Date
- 11 SEP
- Allotment Date
- 15 SEP
- Refund Date
- 16 SEP
- Demat Credit Date
- 16 SEP
- Listing Date
- 17 SEP
RENTOMOJO IPO Subscription
- QIB
- 7.54x
- NII / HNI
- 41.21x
- Retail
- 9.94x
- Employee
- 11.65x
- Total
- 15.95x
RENTOMOJO IPO Financials
Revenue
FY2026
₹386.99 Cr
+45.51% vs FY2025
PAT
FY2026
₹104.30 Cr
+141.94% vs FY2025
Total Assets
FY2026
₹641.12 Cr
+42.52% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 192.70 | 265.96 | 386.99 |
| Net Profit | 22.41 | 43.11 | 104.30 |
| Total Assets | 366.19 | 449.86 | 641.12 |
RENTOMOJO IPO Valuation
- Market Cap (Post IPO)
- ₹4246.30 Cr
- EPS
- 10.29
- P/E Ratio
- 39.26x
- Price to Book Value
- 14.10
- ROE
- 43.51%
- ROCE
- 25.34%
- RONW
- 43.51%
- Debt / Equity
- 0.63%
- PAT Margin
- 26.95%
- EBITDA Margin
- 41.48%
- Valuation
- EXPENSIVE
RENTOMOJO IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,948 |
| Retail Maximum | 13 | 481 | ₹1,94,324 |
| Small HNI | 14 | 518 | ₹2,09,272 |
| Big HNI | 67 | 2,479 | ₹10,01,516 |
RENTOMOJO IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 34.94%
- Employee
- 0.17%
RENTOMOJO Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 21.49%
- Post-IPO Promoter Holding
- 19.94%
- Anchor Allocation
- 93,08,667 SHARE
RENTOMOJO Company Overview
Rentomojo Limited, originally incorporated in April 2012 as Edunetwork Private Limited, operates a technology-enabled consumer rental platform focused primarily on furniture and home appliances. The company allows consumers to access products through subscription/rental arrangements rather than purchasing them outright. Rentomojo manages the product lifecycle through an integrated model covering procurement, delivery, installation, servicing, refurbishment, reverse logistics and redeployment. This enables the same asset to potentially generate rental income across multiple subscriber cycles, which is an important part of the economics of its business. As of March 31, 2026, Rentomojo had approximately 253,825 live subscribers across 29 cities. Its contracted revenue stood at approximately ₹706.90 crore, including around ₹292.57 crore of unrecognised contracted revenue. The company's platform is supported by proprietary technology systems used for subscriptions, workflows, logistics, asset management and customer-risk assessment. Its technology stack includes systems such as Mojodesk, MojoVaahan and asset-intelligence/risk-assessment tools.
RENTOMOJO Business Model
Rentomojo primarily operates a Furniture & Appliance Rental / Subscription Business. Customers can rent products such as furniture and household appliances for specified periods instead of making an upfront purchase. Rentomojo handles delivery, servicing, collection, refurbishment and redeployment of these products. Approximately 97.90% of FY2026 revenue from operations was generated from renting furniture and appliances, compared with 98.20% in FY2025 and 98.19% in FY2024. Therefore, despite its technology platform and ancillary services, the company's revenue remains highly concentrated in its core rental business. The business is capital intensive, because Rentomojo must procure and maintain a large asset base while simultaneously operating warehouses, logistics networks and experience stores. However, successful refurbishment and redeployment can extend an asset's revenue-generating life. For example, the company reported that significant portions of its older FY2017 and FY2018 asset cohorts were still generating revenue as of March 2026.
RENTOMOJO Objects of the Issue
OBJECT OF THE ISSUE AMOUNT Repayment/prepayment of certain outstanding borrowings and accrued interest ₹70.00 Cr Payment of lease rental/license fees for warehouses and experience stores ₹42.50 Cr General Corporate Purposes ₹37.50 Cr / balance within permitted limits Total Fresh Issue ₹150.00 Cr
RENTOMOJO Strengths
1. Large subscriber base: Rentomojo had approximately 2.54 lakh live subscribers across 29 cities as of March 31, 2026. A sizeable subscriber base provides operating scale and creates opportunities for repeat rentals and cross-selling. 2. Strong revenue growth: The company has demonstrated rapid expansion in recent years. FY2026 revenue increased by roughly 45% year-on-year, while reported PAT increased significantly. This indicates strong operating momentum entering the IPO. 3. Integrated asset-lifecycle model: Rentomojo manages procurement, refurbishment, servicing, logistics and redeployment internally through an integrated model. Effective redeployment allows assets to generate revenue over multiple customer cycles, potentially improving lifetime returns on the company's asset investment. 4. Technology-driven operations: Proprietary technology is used for subscription management, logistics optimisation, customer support, asset intelligence and risk assessment. Technology integration can help manage a complex rental network at scale. 5. High entry barriers: CRISIL notes that the rental segment has relatively limited players because the business requires substantial capital, technology capabilities and operational complexity. These requirements can create barriers for new competitors. 6. Improving balance sheet through IPO: Rentomojo intends to use ₹70 crore of fresh proceeds for debt repayment/prepayment. This should reduce borrowing requirements and interest burden, all else equal.
RENTOMOJO Risks
1. Heavy dependence on furniture and appliance rentals: Approximately 97.90% of FY2026 operating revenue came from renting furniture and appliances. A slowdown in consumer demand for rental products could therefore materially affect the company's business. 2. Capital-intensive business model: Rentomojo needs significant investment to procure furniture and appliances before generating rental revenue from those assets. Continued growth can therefore require substantial capital deployment and financing. 3. Borrowing risk: The company uses debt to support its asset-intensive operations. CRISIL currently rates Rentomojo's long-term facilities BBB+/Stable, while ₹70 crore of IPO proceeds is specifically earmarked for debt repayment. 4. Geographic concentration: Rentomojo's business is concentrated in major urban markets. Its top 10 cities accounted for about 89.51% of FY2026 operating revenue, creating exposure to economic, competitive or regulatory developments in these cities. 5. Subscriber default and cancellation risk: Customers may delay payments, default or terminate rental arrangements prematurely. Such events can reduce asset returns while increasing collection, logistics and refurbishment costs. 6. Vendor and manufacturer dependence: Rentomojo depends on vendors and third-party manufacturers for procurement of products. Inability to obtain products at commercially acceptable prices, quality issues or supplier disruption could affect operations and margins. 7. Warehouse and logistics risk: The business requires warehouses, experience stores, delivery infrastructure and reverse logistics. Failure to renew important leases, warehouse disruptions, fires or other operational events could affect the company's ability to serve customers. 8. High valuation risk: Despite strong growth, Rentomojo's IPO valuation is demanding. Investors are effectively pricing in continued high growth and operating efficiency, so any slowdown in subscribers, revenue or normalized profitability could affect valuation.
RENTOMOJO Frequently Asked Questions
What is the RENTOMOJO IPO price band?
The RENTOMOJO IPO price band is 384 - 404.
What is the latest RENTOMOJO IPO GMP?
The latest available RENTOMOJO IPO GMP in the IPOWEB database is ₹139. GMP is unofficial and does not guarantee a listing gain.
When does the RENTOMOJO IPO open and close?
The RENTOMOJO IPO opens on 09 SEP and closes on 11 SEP.
When is the RENTOMOJO IPO allotment date?
The RENTOMOJO IPO allotment date is 15 SEP.
When is the RENTOMOJO IPO listing date?
The RENTOMOJO IPO listing date is 17 SEP.
What is the RENTOMOJO IPO subscription?
The latest total subscription available for the RENTOMOJO IPO is 15.95x.