About Rentomojo IPO
Rentomojo IPO Details
The Rentomojo IPO is a 100% book-built issue of ₹1,256 crore, comprising a fresh issue of ₹150 crore and an offer for sale (OFS) of 35.15 crore equity shares worth up to ₹1,106 crore, with a face value of ₹1 per share. The company filed its DRHP with SEBI on March 27, 2026.
The price band of the issue is set between ₹384 to ₹404 per share and the lot size for an application is 37 shares. The minimum amount of investment required by an individual investor is ₹14,948 (37 shares). The IPO will be open for subscription from Sep 9 to 11, 2026, on the BSE and the NSE platforms, with a tentative listing date fixed as Sep 17, 2026.
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
The Rentomojo IPO is officially set to open for subscription on Sep 9, 2026 and will close on Sep 11, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on March 27, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 15, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 16, 2026. Finally, shares of Rentomojo Ltd. are tentatively scheduled to list on the stock exchanges on Sep 17, 2026.
Rentomojo IPO Timeline
| IPO Open Date | Wed, Sep 9, 2026 |
| IPO Close Date | Fri, Sep 11, 2026 |
| Tentative Allotment | Tue, Sep 15, 2026 |
| Initiation of Refunds | Wed, Sep 16, 2026 |
| Credit of Shares to Demat | Wed, Sep 16, 2026 |
| Tentative Listing Date | Thu, Sep 17, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Rentomojo IPO Details
| Detail | Description |
|---|---|
| IPO Date | 9 to 11 Sep, 2026 |
| Listing Date | 17 Sep, 2026 |
| Face Value | ₹ 1 per share |
| Issue Price Band | ₹ 384 to ₹ 404 |
| Lot Size | 37 Shares |
| IPO Type | Fresh capital cum OFS |
| Total Issue Size | 3,10,80,978 shares (agg. up to ₹ 1,256 Cr) |
| Fresh Issue(Ex Market Maker) | 37,15,449 shares (agg. up to ₹ 150 Cr) |
| Offer for Sale | 2,73,65,529 shares of ₹1 (agg. up to ₹ 1,106 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,13,91,096 shares |
| Share Holding Post Issue | 10,51,06,545 shares |
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 ₹132, reflecting unofficial investors' sentiment ahead of the official listing. This premium suggests a potential listing price of ₹536, which is 32.67% 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.
IPO Estimated Listing Return
Based on the IPO Price of ₹404 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹161 and a lot size of 37 shares.
Rentomojo IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 13 Sep 2026 | ₹404.00 | ₹161 | 13 Sep, 202605:45 PM |
| 12 Sep 2026 | ₹404.00 | ₹148 | 12 Sep, 202611:04 AM |
| 11 Sep 2026 | ₹404.00 | ₹132 | 11 Sep, 202601:13 PM |
| 10 Sep 2026 | ₹404.00 | ₹143 | 10 Sep, 202609:48 AM |
| 9 Sep 2026 | ₹404.00 | ₹135 | 9 Sep, 202611:05 AM |
| 8 Sep 2026 | ₹404.00 | ₹130 | 8 Sep, 202606:05 PM |
| 7 Sep 2026 | ₹404.00 | ₹123 | 7 Sep, 202606:10 PM |
| 6 Sep 2026 | ₹404.00 | ₹149 | 7 Sep, 202610:02 AM |
| 5 Sep 2026 | ₹404.00 | ₹170 | 5 Sep, 202612:56 PM |
| 4 Sep 2026 | ₹404.00 | ₹33 | 4 Sep, 202610:57 AM |
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. Rentomojo 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
Rentomojo operates a subscription-based asset-light business model, offering furniture, electronics, and fitness equipment on rent to urban consumers. Its core revenue streams comprise monthly rental subscription fees, delivery and setup charges, damage protection plans, and non-refundable deposit fees. Additionally, the company generates value-added revenue through "rent-to-own" options, asset refurbishing, and pre-owned product sales, creating a recurring, predictable cash-flow engine supported by long-term user contracts and scalable asset utilization.
Financial Performance
Rentomojo’s financial trajectory highlights strong operational momentum and sustained profitability driven by expanding subscriber counts and disciplined unit economics. In FY26, the company reported a revenue of ₹386.98 crore. Profit after tax surged 142% to ₹104.30 crore, while EBITDA rose to ₹163.46 crore in FY26. Supported by an improved 25.34% return on capital employed (ROCE), efficient asset refurbishment and automated collection processes continue to drive net margin expansion across major urban markets.
Management & Shareholding
Rentomojo Ltd. is promoted by Geetansh Bamania. Before the IPO, the promoter held a 21.49% stake of the company, but after the IPO, the promoters’ shareholding will be diluted as the offering includes OFS of 2.73 crore shares by existing shareholders, which will lower their shareholding to a 19.94% stake. Also, the offering includes 37.15 lakh fresh shares, which will restructure the shareholding of the existing shareholders and for the new 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.
Rentomojo IPO Financial Information
Latest Revenue
₹ 386.99 Cr
Profit After Tax
₹ 104.30 Cr
Net Worth
₹ 295.81 Cr
Total Borrowing
₹ 187.59 Cr
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves | Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 641.12 | 386.99 | 104.30 | 295.81 | 291.71 | 187.59 |
| 31 Mar 2025 | 449.87 | 265.96 | 43.11 | 183.61 | 182.94 | 154.58 |
| 31 Mar 2024 | 366.20 | 192.70 | 195.80 | 139.61 | 138.94 | 147.22 |
| Amount in ₹ Crore | ||||||
Rentomojo Key Performance Indicator
| KPI | Values(31 Mar 2026) |
|---|---|
| ROE | 43.51 % |
| ROCE | 25.34 % |
| Debt/Equity | 0.63 |
| RoNW | 43.51 % |
| PAT Margin | 26.95 % |
| EBITDA Margin | 41.48 % |
| NAV | 28.65 |
| Price to Book Value | 14.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.29 | 9.92 |
| P/E (x) | 39.26 | 40.73 |
Rentomojo IPO Objectives
The company intended to use the Rentomojo IPO proceeds for strategic purposes:
- • Funding the capital expenditure to procure new assets for the rental inventory.
- • Funding the working capital requirements
- • General corporate purposes
Rentomojo IPO Review
Rentomojo Ltd. is a well-positioned company that operates a business model that capitalises on changing consumer preferences toward renting over buying. The company’s focus on appliances and lifestyle products gives it a steady stream of recurring revenue, though it must navigate the logistical challenges and asset depreciation inherent in a leasing model.
Financially, the company has shown a growing and healthy financial statement, as for FY26, the revenue was reported at ₹386.98 crore and PAT was at ₹104.2 crore. With this listing, the company aims to fund the capital expenditure to procure new assets for the rental inventory and to fund the working capital requirements.
However, the key strengths include a recognisable brand and a strong operational footprint in key urban centres and the potential risks include seasonal demand fluctuations for specific products (like air conditioners) and the continuous need for asset management and maintenance.
Overall, the company represents an established player in the Indian rental ecosystem and the IPO seems to be beneficial for potential investors, but investors must be aware of the IPO’s details and should check the RHP on time.
Conclusion
Rentomojo IPO is an opportunity for investors to invest in a company that is a prominent player in the consumer leasing and rental market, with a clear focus on serving urban consumers through a flexible asset-light lifestyle model. The company has also shown healthy and strong financial statements for the previous years, which gives relief to the potential investors. With this listing, the company aims to use its fresh issue proceeds to strengthen its inventory and operational capabilities.
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The INDIA IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Established brand presence in the growing Indian consumer leasing market.
A scalable business model supported by recurring rental revenue streams.
Backing from prominent institutional investors such as Accel India and Edelweiss.
A diverse product portfolio catering to essential and seasonal consumer needs.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 37 | 14,948 |
| Individual investors (Retail) (Max) | 13 | 481 | 1,94,324 |
| S-HNI (Min) | 14 | 518 | 2,09,272 |
| S-HNI (Max) | 66 | 2,442 | 9,86,568 |
| B-HNI (Min) | 67 | 2,479 | 10,01,516 |