Rentomojo IPO

About Rentomojo IPO

The public issue of the Rentomojo IPO, a mainboard IPO, opens on Wednesday, September 9, 2026 and closes on Friday, September 11, 2026. The allotment of shares will take place on Tuesday, September 15, 2026. The credit of shares to the demat account will take place on Wednesday, September 16, 2026. The initiation of refunds will also take place on Wednesday, September 16, 2026. The listing of shares will take place on Thursday, September 17, 2026.

The equity shares offered through the IPO are proposed to be listed on the Main board of NSE and BSE.

The offer consists of a fresh issue component and an offer for sale (OFS). The fresh issue will include 37,15,449 shares of ₹150.10 crore. The OFS will include 2,73,65,529 shares of ₹1,105.57 crore. The total number of shares and aggregate amount are 3,10,80,978 shares aggregating up to ₹1,255.67 crore.

Rentomojo IPO’s price band is set at ₹384 to ₹404 per share. The lot size for an application is 37 shares. The minimum amount of investment required by a retail individual investor is ₹14,948 (37 shares) based on the upper band price band.

Rentomojo is a direct to consumer (D2C) rental platform for furniture and other appliances. It offers a tech-driven full-stack solution to customers. There are affordable and flexible long-term subscription plans for home furniture and appliances for people looking to relocate, and hence want to avoid long-term asset commitments. Its product portfolio includes beds, mattresses, washing machines, refrigerators, wardrobes, sofas, television, water purifiers etc.

Objectives of Rentomojo IPO

• Repayment / prepayment of outstanding borrowings.
  
• Payment of lease rentals for warehouses and experience stores.
  
• General corporate purposes.
  

Industry Outlook

The market size of home furniture and appliances has grown from ₹2,95,000 crore in calendar year 2021 to ₹4,27,000 crore in CY2025 (Redseer Research). As of 2025, the purchase penetration in India is very low compared to the US and China. For instance, in microwave ovens, India purchase penetration is just 4%, while it is over 80% in the US and over 40% in China. Similarly, India has 15% penetration in modern mattresses, while it is 80% in the US and over 60% in China. Even washing machine penetration in India is as low as 22%; compared to 80% in the US and 70% in China. Total revenues of furniture and appliances replaced by the rental market has grown at a CAGR of 30% over the last 4 years. India is poised to see a major shift from ownership to access. India is seeing a rise in affordability and mobility, making it a ripe market for rentals.

About Rentomojo

Rentomojo is an online subscription and rental platform for home appliances and furniture. It targets the mobile professional, who do not want to invest capital in appliances and furniture they can as well rent. Rentomojo operates through an omnichannel platform combining their digital platform and over 82 experience stores across India. It has fine-tuned its model in such a way that renting furniture and appliances actually becomes value accretive for customers. For the latest financial year FY26, Rentomojo saw over 9,89,931 items ordered with an occupancy rate of 83.34%.

Strengths of Rentomojo

• Consistently profitable with predictable recurring revenues.
• Scale enables much higher subscriber engagements.
• The multi-stack model combines ecommerce, subscription, and re-commerce.
• Founder led company with professional management team.
• Backed by marquee names like Accel, Value Quest, Edelweiss, and IDG Ventures.

Risks of Rentomojo

• There is a near-98% dependence on the furniture / appliance rental model.
• High dependency on vendors and third-party manufacturers.
• There is concentration in Tier-1 metros accounting for 89% of revenues.
• Asset storage and asset movement risk are on the company balance sheet.
• Regulatory proceedings against promoters and contingent liabilities could be an issue.
• Delays in payments by subscribers and cancellations are business risks.
• Most properties are leased, so liabilities are growing on a yearly basis.

Peer Comparison

The full-stack rental model that Rentomojo operates in the Indian market has no similar competing companies to benchmark with.

Anchor Investor Bidding Date

Tuesday, September 8, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
KFIN Technologies Ltd (KFINTECH)
Email: rentomojo.ipo@kfintech.com
Tel: 040-6716-2222

Book Running Lead Manager

• Motilal Oswal Investment Advisors
  
• Axis Capital
  
• IIFL Capital Services
  

Rentomojo Contact Details
Second Floor, B-Block, Bhive Workspace No. 112, AKR Tech Park “A” and 7th Mile,
Hosur Road, Krishna Reddy Industrial Area, Bommanahalli,
Bengaluru – 560 068 (Karnataka, India)
Email: secretarial@rentomojo.com
Phone: +91 95918-74499 / 97318-14023

Rentomojo Business Model

The company earns its revenue through a combination of rentals and subscription on furniture and home appliances, which accounts for bulk of the revenues. Their touch points are omni-channel; delivered through their digital presence and their 82 experience stores across India.

Rentomojo Growth Trajectory

Rentomojo’s Total Income for FY26 was ₹394.09 crore, whereas in FY25 and FY24 it was ₹271.96 crore and ₹195.80 crore, respectively.

The Profit After Tax for FY26 was ₹104.30 crore, whereas in FY25 and FY24 it was ₹43.11 crore and ₹22.41 crore, respectively.

Their EBITDA for FY26 was ₹163.46 crore, whereas in FY25 and FY24 it was ₹118.44 crore and ₹78.15 crore, respectively.

Rentomojo Market Position

Rentomojo basically caters to the Indian upwardly mobile professional market looking at the long-term economic value of renting furniture and appliances. It is a significant player in the fast-growing furniture rental market and has limited organized competitors in this space.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹394.09 crore, ₹104.30 crore, and ₹163.46 crore, respectively.

How to apply for Rentomojo IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.

• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.

• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.

• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.