Rentomojo Limited IPO
Rentomojo Limited IPO closed on 11 Sept 2026. Allotment 15 Sept 2026, listing 17 Sept 2026. Price band ₹384–₹404, lot 37 shares, GMP +₹86 (21.29%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE |
| Price band | ₹384–₹404 |
| Lot size | 37 shares |
| Minimum investment | ₹14,948 |
| Issue size | ₹1255.57 Cr |
| GMP | +₹86 (21.29%) |
| Open date | 9 Sept 2026 |
| Close date | 11 Sept 2026 |
| Allotment date | 15 Sept 2026 |
| Listing date | 17 Sept 2026 |
| Registrar | KARVY |
About Rentomojo Limited
Rentomojo is an Indian direct-to-consumer platform offering flexible home furniture and appliance rental subscriptions in major metropolitan areas like Bengaluru, Mumbai, and Hyderabad. The company manages the complete asset lifecycle—from procurement and maintenance to refurbishment and resale—utilizing both third-party brands and private-label products. Revenue is primarily driven by monthly subscriptions, supplemented by delivery and installation services targeting urban consumers.
Strengths
- Omnichannel footprint in tier-1 cities strengthens brand visibility.
- Asset lifecycle management minimizes depreciation and maximizes capital returns.
- Expanding the experience store and warehouse network supports rising demand.
- Proven debt management capabilities ensure funding for operations.
- High occupancy rates drive strong and consistent unit economics.
Risks
- Inability to renew warehouse and store leases could disrupt operations.
- Significant outstanding borrowings may restrict future financial flexibility.
- Warehouse assets are vulnerable to fires, potentially causing massive losses.
- High working capital requirements can strain short-term liquidity.
- Intense competition necessitates constant capital deployment and expansion.