Rentomojo IPO Date, Price, GMP, Review & Details

The Rentomojo IPO is a mainboard book building issuance with an approximate valuation of ₹1,255.57 crore. Public Issue is composed of a Fresh Issue of ₹150 crore and Offer For Sale (OFS) worth approximately ₹1,105.57 crore by the existing shareholders.

Rentomojo is a Bengaluru headquartered technology-led rental company offering rental solutions to its customers with furniture and appliances as well as other household products on subscription basis. This company has created its business model based on the principle of offering its customers flexibility in renting, upgrading, returning or relocating its products instead of buying.

Rentomojo IPO opens for subscription from September 9, 2026, and closes on September 11, 2026. Basis of allotment is expected on September 15, share credits to demat accounts on September 16, and listing of stock is scheduled on September 17, 2026, on BSE and NSE.

Price band has been set between ₹384 and ₹404 per share, lot size is 37 shares. Upper price band minimum investment for one lot is ₹14,948.

Rentomojo IPO Details

The total number of shares in the IPO is estimated at 3.11 crore. With a huge OFS portion, the existing shareholders will have a chance to offload some of their stake in the company.

Rentomojo IPO Timeline

The schedule is tentative and investors should check the latest information from the registrar and stock exchanges.

Rentomojo IPO Lot Size

Investors can apply for a minimum of 37 shares and in multiples of 37 thereafter. At the upper price band of ₹404, one lot requires an investment of ₹14,948.

Rentomojo IPO GMP

IPO GMP for Rentomojo IPO stands for Grey Market Premium, which is an unofficial measure to know the sentiments of the stock market prior to listing of the stock.

As per reports available up until September 8, 2026, GMP was in the range of ₹124-₹125 per share. Considering the upper band of ₹404, if the GMP is ₹124, then the estimated price would be ₹528, which would be an indicative premium of 31%.

Note: GMP can change quickly and should not be treated as a guaranteed listing gain or investment recommendation.

About Rentomojo Limited

Rentomojo Limited is a technology-based rental and subscription services firm based in India and operating out of Bengaluru. It provides its customers with items of furniture, home appliances, and other lifestyle products under flexible rent packages.

Product range consists of bed, mattress, sofa, wardrobe, refrigerator, washing machine, television, and water purifier. It sells not only its own private label products but also items made by known brand names.

The business model of the company is specifically designed keeping in mind those customers who seek flexibility over ownership of the product.

As per its filings related to its IPO in 2026, Rentomojo had over 850,000 live products and over 800,000 customers.

Rentomojo Business Model

Rentomojo earns revenue by providing products to customers through rental and subscription arrangements.

Under the rental system, customers have the freedom to use the products without having to make an initial purchase. The customer can even choose to change the product in accordance with their needs.

Rentomojo IPO Objectives

The company plans to use the fresh issue proceeds for several corporate and financial requirements.

The main objectives include:

• Repayment or prepayment of certain outstanding borrowings.
• Payment of lease rental and licence fees for warehouses and experience stores.
• General corporate purposes.

The fresh issue portion of the IPO is ₹150 crore.

Rentomojo Financial Performance

The company Rentomojo has seen considerable growth in revenues and profits.

For the fiscal year ending on March 31, the company posted revenues of approximately ₹387 crore, which is a growth of roughly 45.5%, while the profit grew by approximately 142% to ₹104 crore, Reuters reports.

The improvement in profitability is one of the factors that has attracted investor attention ahead of the IPO.

Rentomojo IPO Review

• This IPO provides investors with an opportunity to invest in India's evolving rental/subscription economy.
• The company has built up a well-known brand reputation for itself in furniture and appliance rental services and also has grown its customer and product base over the years. It is good to see that they have been growing revenues and profitability and their subscription model allows more flexibility for the customers.
• Positives
• Good revenue growth.
• Good improvement in profitability.
• Established player in furniture and appliance rental service industry.
• Technology-based rental and subscription service model.
• Larger customer and product base.
• Presence in many Indian cities.
• Increasing trend of flexible consumption models.
• Risks
• Capital intensive business because the company needs to buy and keep inventory for renting out.
• Customers may default on payments leading to loss in revenues.
• Furniture and appliance can depreciate over time.
• Costs in keeping and maintaining inventory for renting.
• Large OFS component makes sure that IPO proceeds don't go to the company.

Should You Invest in Rentomojo IPO?

The Rentomojo IPO can be attractive for investors who have faith in the long-term growth prospects of India's rental and subscription markets.

It is good to see that the company is earning more revenues and has become profitable as well as has a good operational base. But at the same time, investors should also look at the capital intensive nature of the business, inventory costs, customer defaults, and valuation of IPO.

Conclusion

The Rentomojo IPO is a ₹1,255.57 crore mainboard listing of one of India's popular furniture and appliance rental companies.

The IPO comes with a price band of ₹384-₹404 per share, with a lot size of 37 shares and a minimum application size of ₹14,948.

The offer period for the same is from September 9 to September 11, 2026, and the shares are expected to be listed on September 17, 2026.

The increasing customer base, profitability, and subscription-based business model of Rentomojo make it an exciting IPO. While on the other hand, investors should take into consideration the capital requirement, inventory management, competition, and valuation of the company before making any decisions.

Investors must study the RHP and financial information of the company thoroughly and invest according to their financial objectives and risk profile and not just because of GMP.

FAQs

Question 1. What is the Rentomojo IPO price range? The price range for the Rentomojo IPO is ₹384 to ₹404 per equity share.

Question 2. What is the Rentomojo IPO lot size? The lot size for Rentomojo IPO is 37 shares.

Question 3. What is the minimum investment in Rentomojo IPO? The minimum investment amount at the upper limit of price range ₹404 is ₹14,948.

Question 4. What is the Rentomojo IPO issue size? The total issue size is approximately ₹1,255.57 crore, which includes ₹150 crore fresh issue and ₹1,105.57 crore OFS.