Rentomojo IPO Listing: Shares List At A Premium Of 19%
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Rentomojo’s shares made a solid debut on the stock exchanges on 17 September 2026, listing at a premium of 19% to the IPO issue price. The stock opened at ₹480 and ₹482.45 on the BSE and NSE, respectively. Read more.
Rentomojo made its debut on stock exchanges today, i.e., 17 September 2026. The initial public offering (IPO) of Rentomojo was a mainboard issue and its shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The shares were listed at a premium of 19% compared with the IPO issue price of ₹404 per share in the upper price band. On the NSE, the shares opened at ₹482.45 apiece. On the BSE, the stock was listed at ₹480 apiece.
Rentomojo IPO And Subscription Details
The Rentomojo IPO carried a price band of ₹384–404 per share. It was open for subscription from 9 September to 11 September. The IPO’s size was pegged at ₹1255.67 crore and had a lot size of 37 shares.
The issue comprised a fresh issue of ₹150 crore and an offer for sale (OFS) of ₹1,105.57 crore. The company plans to utilise the proceeds to repay borrowings and make payments for lease rentals for warehouses and experience stores.
The Rentomojo IPO received an overall subscription of 72.88 times, according to the NSE data. The qualified institutional buyer (QIB) portion was subscribed 177.29 times, while the non-institutional investor (NII) category was booked 67.93 times. The retail portion was subscribed 15.59 times.
Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services were the book-running managers of the IPO, while KFin Technologies Ltd was the issue registrar.
About Rentomojo
Rentomojo is an online rental and subscription platform offering furniture and home appliances. It caters primarily to mobile professionals who prefer renting these products instead of making a large upfront investment. The company follows an omnichannel model, combining its digital platform with more than 82 experience stores across India.
Also Read - NSE IPO Opens Today: What Investors Are Buying At A ₹4.42 Lakh Crore Valuation
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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