Rentomojo IPO Details: GMP, Date, Price Band, Valuation, Review & How to Apply

Quick Answer

Rentomojo IPO is a book-built public issue of ₹1,255.57 crore. The issue includes a fresh issue of 37.15 lakh shares, aggregating to ₹150 crore, and an offer for sale of 2.74 crore shares, aggregating to ₹1,105.57 crore.

The IPO opens for subscription on 9 September 2026 and closes on 11 September 2026. The allotment is expected to be finalised on 15 September 2026. Subject to completion of allotment and listing formalities, the shares are scheduled to be listed on NSE and BSE on 17 September 2026.

The Rentomojo IPO price band is ₹384 to ₹404 per share. The lot size is 37 shares, and the minimum retail investment is ₹14,948 at the upper price band.

Investors searching for Rentomojo IPO GMP, Rentomojo share price or Rentomojo unlisted share price should note that no specific GMP or unlisted share price value was provided in the available details. GMP and unlisted share prices are unofficial market indicators and should not be treated as guaranteed listing price indicators.

Rentomojo IPO Overview

Rentomojo IPO is a mainboard public issue opening in September 2026. Rentomojo Limited is a technology-driven, full-stack direct-to-consumer online rental and subscription platform for furniture and appliances in India.

The company allows consumers to rent, return, upgrade and relocate home furniture and appliances without making large upfront purchases or long-term ownership commitments.

The IPO is a book-built issue of ₹1,255.57 crore. It includes a fresh issue of ₹150 crore and an offer for sale of ₹1,105.57 crore.

This means the IPO has a large OFS component. Fresh issue proceeds go to the company, while offer for sale proceeds go to selling shareholders.

The IPO opens on 9 September 2026 and closes on 11 September 2026. Subject to completion of allotment and exchange listing formalities, the shares are scheduled to be listed on BSE and NSE on 17 September 2026.

For retail investors, the minimum application size is 1 lot of 37 shares, requiring ₹14,948 at the upper price band of ₹404 per share.

Investors comparing IPOs with Pre-IPO opportunities can also read Ultra’s guide on Pre-IPO vs IPO.

The company’s shareholding is expected to increase from 10,13,91,096 shares pre-issue to 10,51,06,545 shares post-issue, based on the provided data.

Rentomojo IPO GMP

Many investors search for Rentomojo IPO GMP, Rentomojo IPO GMP today, Rentomojo IPO news, Rentomojo share price and Rentomojo unlisted share price before applying.

GMP stands for Grey Market Premium. It is an unofficial premium at which IPO shares may trade in the grey market before listing. For example, if the IPO price is ₹404 and the GMP is ₹40, the implied grey market price would be ₹444.

However, investors should be careful while using GMP because:

• GMP is unofficial and not regulated.

• GMP can change quickly before listing.

• GMP does not guarantee listing gains.

• GMP may not reflect company fundamentals.

• GMP can be influenced by short-term demand and market sentiment.

No specific Rentomojo IPO GMP value was provided in the available details. Therefore, investors should not assume any listing premium. A proper Rentomojo IPO review should focus on the company’s business model, financials, valuation, issue structure, growth and risk factors.

The IPO timetable may change due to exchange, registrar or market-related updates. Listing remains subject to completion of allotment and exchange listing formalities.

Rentomojo IPO Price Band and Lot Size

The Rentomojo IPO price band is ₹384 to ₹404 per share. The face value is ₹1 per share.

Investors can apply for a minimum of 37 shares and in multiples of 37 shares thereafter.

For investors searching for Rentomojo share price, the IPO price band is ₹384 to ₹404 per share. The post-listing share price will depend on market demand, subscription levels, company fundamentals, broader market sentiment and listing-day trading.

For investors searching for Rentomojo unlisted share price, no unlisted share price value was provided in the available details. Unlisted share prices may differ from IPO pricing and should be evaluated carefully.

About Rentomojo

Incorporated in April 2012, Rentomojo Limited is a technology-driven, full-stack direct-to-consumer online rental and subscription platform for furniture and appliances in India.

The company provides consumers with affordable, flexible and long-term subscription plans for home furniture and appliances. Its model allows users to rent, return, upgrade and relocate products without large upfront purchases or long-term ownership commitments.

Rentomojo’s product portfolio includes essential home products such as:

• beds

• mattresses

• washing machines

• refrigerators

• wardrobes

• sofas

• televisions

• water purifiers

As of 31 March 2026, the company had 851,184 live items across its product portfolio.

Rentomojo operates through an omni-channel model, combining its online ordering platform with 82 experience stores across India as of 31 March 2026.

The company had 253,825 live subscribers across 29 cities in India as of 31 March 2026.

It also operates 20 warehouses with an aggregate warehousing area of 538,933 sq. ft. The company’s logistics and service network supports delivery, installation, maintenance, repairs, relocation and reverse logistics.

In FY2026, Rentomojo recorded an average delivery turnaround time of 2.35 days and maintained an occupancy rate of 83.34%.

As of 31 March 2026, Rentomojo had 835 permanent employees and 1,772 contractual workforce personnel.

Rentomojo Business Model

Rentomojo operates at the intersection of e-commerce, subscription and re-commerce.

The company’s integrated asset-lifecycle model covers:

• category management

• product design

• procurement

• refurbishment

• servicing

• reverse logistics

• multi-cycle redeployment

This model helps the company manage assets across multiple deployment cycles, improve occupancy, extend asset life and reduce the need for continuous new capital expenditure.

Rentomojo has also expanded its product portfolio through private-label furniture and appliances. This includes refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited, alon

Key Strengths of Rentomojo

The company’s strengths include:

• Consistently profitable D2C player since FY2023

• Strong subscriber base and extensive product portfolio

• Marquee institutional investors and established sponsorship base

• Predictable recurring revenues

• High return on capital employed

• Omni-channel presence through online platform and experience stores

• Leading furniture and appliance rental and subscription platform in India

• Full-stack asset-lifecycle management supporting multiple asset deployments

• Integrated business model combining e-commerce, subscription and re-commerce

These strengths may support Rentomojo’s growth, but investors should evaluate them along with asset intensity, debt levels, competitive risks, customer retention, valuation and OFS-heavy issue structure.

Rentomojo Financials

Rentomojo reported strong growth in revenue and profit between FY2025 and FY2026. According to the provided data, revenue increased by 45%, while profit after tax rose by 142% during the same period.

The company’s total income increased from ₹271.96 crore in FY2025 to ₹394.09 crore in FY2026. Profit after tax increased from ₹43.11 crore to ₹104.30 crore during the same period.

However, total borrowing also increased from ₹147.22 crore in FY2024 to ₹187.59 crore in FY2026. Investors should evaluate debt levels, asset financing, cash flows and capital efficiency carefully.

Rentomojo IPO Valuation

Investors searching for Rentomojo IPO valuation should evaluate the issue price in relation to the company’s earnings, revenue, growth, business model and post-issue share capital.

Based on the upper price band of ₹404 per share and post-issue shareholding of 10,51,06,545 shares, the implied post-issue market capitalisation is approximately ₹4,246.30 crore.

Using FY2026 financials, the implied valuation multiples at the upper price band are approximately:

These are approximate calculations based on the shared data and upper price band. Investors should verify the final issue price, RHP valuation details and peer comparison before making any decision.

Rentomojo IPO Review

A practical Rentomojo IPO review should evaluate both strengths and risks.

Positive Factors

• Rentomojo operates in the furniture and appliance rental subscription space, combining e-commerce, subscription and re-commerce models. Its business model is designed around recurring revenue, asset reuse, refurbishment and redeployment.

• The company had 253,825 live subscribers and 851,184 live items as of 31 March 2026. It also had an omni-channel presence with 82 experience stores across India.

• Financially, Rentomojo reported strong growth. Total income increased from ₹195.80 crore in FY2024 to ₹394.09 crore in FY2026. PAT increased from ₹22.41 crore to ₹104.30 crore during the same period.

• The company has also been consistently profitable since FY2023, according to the details shared.

Points to Watch

• The IPO has a large offer for sale component of ₹1,105.57 crore, compared with a fresh issue of ₹150 crore. Since OFS proceeds go to selling shareholders, investors should understand the use of proceeds and selling shareholder exit carefully.

• Rentomojo’s model also requires asset ownership, servicing, refurbishment, logistics, warehousing and redeployment. This can make capital efficiency, occupancy rate and asset utilisation important.

• Borrowings increased from ₹147.22 crore in FY2024 to ₹187.59 crore in FY2026. Investors should evaluate the company’s debt profile and cash flows.

• Valuation also needs careful review. At the upper price band, the implied market capitalisation is approximately ₹4,246.30 crore, based on the provided post-issue share capital.

Why Investors May Consider Rentomojo IPO

This section is not a recommendation to apply. It only highlights factors investors may evaluate.

1. Subscription-Based Business Model

Rentomojo’s model is built around rental and subscription plans. This may support recurring revenue visibility if subscriber retention and asset utilisation remain strong.

2. Large Subscriber Base

The company had 253,825 live subscribers across 29 cities in India as of 31 March 2026.

3. Extensive Product Portfolio

Rentomojo had 851,184 live items as of 31 March 2026, including furniture and appliances across everyday home categories.

4. Full-Stack Asset Lifecycle

The company manages category selection, product design, procurement, refurbishment, servicing, reverse logistics and redeployment. This can help improve asset productivity across multiple rental cycles.

5. Omni-Channel Presence

Rentomojo combines its online platform with 82 experience stores, which may help build consumer trust and improve customer acquisition.

6. Profitability and Growth

The company reported PAT of ₹104.30 crore in FY2026, compared with ₹43.11 crore in FY2025 and ₹22.41 crore in FY2024.

How to Apply for Rentomojo IPO

Investors can apply for Rentomojo IPO through supported broker platforms using UPI or ASBA.

The general process is:

• Log in to your broker or bank-supported IPO platform.

• Select Rentomojo IPO from the IPO list.

• Choose the investor category and number of lots.

• Enter the bid price within the price band of ₹384 to ₹404.

• Submit the IPO application.

• Approve the UPI mandate, if applying through UPI.

• Wait for allotment finalisation.

• If allotted, shares will be credited to the demat account before listing.

• Track the scheduled listing on NSE and BSE, subject to completion of allotment and exchange listing formalities.

Retail investors can apply for a minimum of 1 lot, which equals 37 shares and requires ₹14,948 at the upper price band.

Key Risks

1. OFS-Heavy Issue

The IPO includes an offer for sale of ₹1,105.57 crore, compared with a fresh issue of ₹150 crore. OFS proceeds go to selling shareholders and not to the company.

2. Asset-Heavy Operating Model

Rentomojo’s rental model requires furniture and appliance assets, warehousing, servicing, refurbishment and reverse logistics. Poor asset utilisation may affect profitability.

3. Borrowing Risk

Total borrowing increased from ₹147.22 crore in FY2024 to ₹187.59 crore in FY2026. Investors should evaluate debt levels and finance costs.

4. Valuation Risk

At the upper price band, the implied valuation should be compared with revenue growth, profitability, subscriber growth, occupancy rate and peer companies.

5. Customer Retention Risk

Subscription businesses depend on customer retention, repeat rentals and low churn. Weak retention may affect recurring revenue.

6. Competition Risk

Rentomojo competes with furniture retailers, appliance retailers, online marketplaces, rental platforms, second-hand product platforms and local rental providers.

7. Logistics and Service Risk

The company’s business depends on timely delivery, installation, maintenance, repair, relocation and reverse logistics. Service quality can affect customer satisfaction.

8. GMP Risk

Rentomojo IPO GMP may attract investor attention, but GMP is unofficial and volatile. It should not be treated as a confirmed listing price or guaranteed gain.

Final Thoughts

Rentomojo IPO is a ₹1,255.57 crore book-built issue opening on 9 September 2026 and closing on 11 September 2026. The IPO price band is ₹384 to ₹404 per share, and the lot size is 37 shares.

The company operates a technology-driven furniture and appliance rental subscription platform across 29 cities in India. It had 253,825 live subscribers, 851,184 live items, 82 experience stores and 20 warehouses as of 31 March 2026.

Financially, Rentomojo has shown strong growth. Total income increased to ₹394.09 crore in FY2026, while PAT rose to ₹104.30 crore.

However, investors should also consider the OFS-heavy issue structure, asset-heavy business model, borrowing levels, valuation, customer retention, logistics execution and GMP uncertainty.

Investors searching for Rentomojo IPO news, Rentomojo IPO valuation, Rentomojo IPO GMP, Rentomojo DRHP or Rentomojo share price should read the RHP carefully and evaluate whether the IPO fits their risk profile.

Disclaimer: This article is for educational and informational purposes only. It is not investment advice, IPO recommendation or a suggestion to apply. IPO investments are subject to market risk, business risk, valuation risk and listing risk. Investors should read the RHP carefully and consult a qualified financial advisor before making any investment decision.

FAQs

1. What is Rentomojo IPO?

Rentomojo IPO is a book-built public issue of ₹1,255.57 crore. It includes a fresh issue of ₹150 crore and an offer for sale of ₹1,105.57 crore.

2. What is Rentomojo IPO GMP?

No specific GMP value was provided in the available details. GMP is unofficial, volatile and should not be treated as a guaranteed listing gain indicator.

3. What is Rentomojo IPO date?

Rentomojo IPO opens on 9 September 2026 and closes on 11 September 2026.

4. What is the Rentomojo IPO price band?

The Rentomojo IPO price band is ₹384 to ₹404 per share.

5. What is the lot size for Rentomojo IPO?

The lot size for Rentomojo IPO is 37 shares.

6. What is the minimum investment for retail investors?

The minimum retail investment is ₹14,948 for 1 lot of 37 shares at the upper price band of ₹404 per share.

7. When is Rentomojo IPO allotment expected?

The allotment for Rentomojo IPO is expected to be finalised on 15 September 2026.

8. When will Rentomojo IPO list?

Rentomojo IPO shares are scheduled to be listed on NSE and BSE on 17 September 2026, subject to completion of allotment and exchange listing formalities.

9. Who is the registrar of Rentomojo IPO?

Kfin Technologies Ltd. is the registrar of Rentomojo IPO.

10. Who is the book running lead manager for Rentomojo IPO?

Motilal Oswal Investment Advisors Ltd. is the book running lead manager for the issue.

11. What is Rentomojo share price?

The IPO price band is ₹384 to ₹404 per share. The post-listing share price will depend on market demand, subscription levels, company fundamentals and listing-day trading.

12. What is Rentomojo unlisted share price?

No specific Rentomojo unlisted share price was provided in the available details. Investors should verify unlisted share prices separately and understand that unlisted prices may differ from IPO pricing.

13. What is Rentomojo IPO valuation?

Based on the upper price band of ₹404 and post-issue shareholding of 10,51,06,545 shares, the implied post-issue market capitalisation is approximately ₹4,246.30 crore.

14. Is Rentomojo profitable?

Yes. Based on the provided financials, Rentomojo reported PAT of ₹104.30 crore in FY2026, ₹43.11 crore in FY2025 and ₹22.41 crore in FY2024.

15. What is Rentomojo DRHP or RHP?

The DRHP or RHP contains detailed information about the company, IPO structure, financials, risk factors, promoters, business model, use of proceeds and other important details. Investors should read the RHP carefully before applying.

16. Should investors apply for Rentomojo IPO?

Investors should evaluate the RHP, financials, valuation, OFS component, business risks, borrowing levels, GMP context and personal suitability before deciding. This article does not provide investment advice or an IPO recommendation.