Rentomojo IPO Day 1: Subscription Status, Timeline & Key Issue Details

Rentomojo's ₹1,255.57 crore initial public offering (IPO) opened for public subscription today, September 9, 2026, with a price band of ₹384 to ₹404 per share. As of 10:12 A.M on the first day of bidding, the issue had been subscribed 0.04 times.

The IPO will remain open for subscription until September 11, 2026. The basis of allotment is expected to be finalised on September 15, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 17, 2026.

Rentomojo IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹1,255.57 crore
• Fresh Issue: Up to ₹150.00 crore 
• Offer for Sale (OFS): Up to ₹1,105.57 crore
• Face Value: ₹1 per equity share
• Price Band: ₹384 to ₹404 per share
• Lot Size: 37 shares
• Minimum Investment Amount (Retail Investor): ₹14,948 (37 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited, Axis Capital Limited
• Registrar: KFin Technologies Limited

Rentomojo IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Rentomojo IPO Day 1 Subscription Status

[September 9, 2026, 10:12 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment and or prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the company
• Payment of lease rental and or license fee for our warehouses and experience stores (“Premises”)
• General corporate purposes.

About Rentomojo Limited

Rentomojo is a technology-led direct-to-consumer rental and subscription platform that provides furniture and home appliances through flexible long-term plans. As of March 31, 2026, the company operated in 29 Indian cities with over 253,800 active subscribers, offering products such as beds, sofas, refrigerators, washing machines, televisions, and water purifiers without requiring upfront ownership.

The company operates a full-stack business model, overseeing the complete lifecycle of its assets—from product design and sourcing to refurbishment, servicing, and reverse logistics. With 82 experience stores and a portfolio of over 8.5 lakh live products, Rentomojo offers both private-label and branded products while focusing on convenience, quality, and efficient asset utilisation.

Key Financial Highlights 

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