Rentomojo IPO

The Rentomojo mainboard IPO opens for subscription on 9 Sept 2026 and closes on 11 Sept 2026, offered at a price band of ₹384–404 per share, and is set to list on NSE and BSE. In total, the issue aims to mobilise ₹1,255.57 crore. Retail investors bid in lots of 37 shares, a minimum application of ₹14,948.

Issue structure

The offer combines a fresh issue of ₹150 crore with an offer for sale (OFS) of ₹1,105.57 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our company (₹70 crore), alongside payment of lease rental/ license fee for our warehouses and experience stores (₹42.5 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Rentomojo reported revenue of ₹394.09 crore and a net profit of ₹104.3 crore. Revenue grew from ₹195.8 crore in FY2024 to ₹394.09 crore in FY2026 (+101.0%). Net worth stood at ₹295.81 crore at the end of FY2026. At the upper band, that puts the issue at roughly 39.3× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 40.73× post-issue earnings and 14.1× book value, against a return on net worth of 43.51% and a debt-to-equity ratio of 0.63. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are <p>Geetansh Bamania</p>. Promoter holding stands at 21.49% before the issue and comes down to 19.94% after listing.

Grey market premium (GMP)

In the unofficial grey market, Rentomojo shares are quoted at a premium of ₹40 implying an expected listing around ₹444, about +9.9% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Rentomojo IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Rentomojo

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