Rentomojo IPO

Rentomojo IPO Details

The Rentomojo IPO is a 100% book-built issue, comprising a fresh issue of ₹150 crore and an offer for sale (OFS) of 2.83 crore equity shares, with a face value of ₹1 per share. The company filed its DRHP with SEBI on March 27, 2026.

The price band and official dates of listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead managers of the issue are Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd. and IIFL Capital Services Ltd., while the registrar to the issue is KFin Technologies Ltd.

Rentomojo IPO Date & Timeline

Rentomojo Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on March 27, 2026. However, the specific Rentomojo IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.

Rentomojo IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Rentomojo IPO GMP is currently trading at ₹[.], reflecting unofficial investors' sentiment ahead of the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Rentomojo Ltd. was incorporated as a private limited company named “Edunetwork Private Limited” on April 16, 2012, later changing its name to “Rentomojo Private Limited” to align with its core operations and was subsequently converted into a public limited company as “Rentomojo Limited”.

The core business focuses on providing consumer goods on a leasing model and its registered and corporate headquarters are located in Bengaluru, Karnataka, maintaining a strategic base to serve its target demographic. The company operates a technology-driven, full-stack direct-to-consumer (“D2C”) online rental and subscription platform for furniture and appliances in India.

Operations & Product Range

The basic operational model of Rentomojo Ltd. consists of the leasing or renting of consumer goods. Despite covering several other types of items in its broad portfolio, some of the important items are seasonal appliances, such as air conditioners and air purifiers. Its target market is retail consumers who need flexible access to lifestyle goods without buying them directly. It offers its services on lease, usually for a duration of 9 months to 1 year.

Facilities & Capacity

Rentomojo Ltd. operates through a network of fulfilment centres, storage facilities and corporate offices, with its registered office located in AKR Tech Park, Bommanahalli, Bengaluru and its corporate office in BTM Layout, Bengaluru. It relies on a strong logistics and asset management system for delivery, installation, maintenance and return of rental inventory, while with this listing, the company aims for future expansion and optimisation of operational locations will be supported through capital structure strategies.

Brands & Market Presence

Rentomojo Ltd. has established itself as a recognized brand in the Indian consumer leasing sector, operating under the “Rentomojo” trademark with a market presence built on accessibility and shared economy principles; it primarily focuses on domestic exposure, catering to the growing urban population across major Indian cities and through consistent service delivery and a user-friendly digital platform, it has strengthened its position in the consumer rental industry by aligning its brand identity closely with its offerings.

Revenue Streams & Business Model

The primary revenue source for Rentomojo Ltd. is the rental income generated from leasing its inventory of consumer goods, appliances and furniture to retail customers. The business model is driven by standard lease agreements that lock in recurring revenue over the tenure of the contract (usually 9 to 12 months). The company must manage its asset procurement, maintenance costs and logistics efficiently to maintain healthy margins. Additionally, demand for certain products, like AC systems, peaks during summer months, leading to seasonal fluctuations in quarterly revenues that the company manages through dynamic inventory planning.

Management & Shareholding

Rentomojo Ltd. is promoted by Geetansh Bamania, before the IPO, the promoter held 14.69% stake and the promoter group held the 6.81% stake of the company, but after the IPO, the promoters and promoter group shareholding will be diluted as the offering include OFS of 2.83 crore shares by existing shareholders, which invite the public to join and give a smooth & profitable exit to the selling shareholders.

Board & Key Management

The leadership of Rentomojo Ltd. is led by a team of experts with many years of experience. Geetansh Bamania serves as the Chairman & Managing Director and gives strategic direction to the firm and the daily operations, along with Whole-Time Directors. To ensure good governance, the board includes Independent Directors Dr. Niddodi Subrao Ranjan, Deepali Nair and Dr. Sandesh Kirkire for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.