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Sat, 24 Oct 2026
10:47:22 am
Sat, 24 Oct 2026
10:47:22 am
Rudransh Sangwan
Published at: September 9, 2026, 8:03 AM
Synopsis
Rentomojo IPO is open at ₹384-₹404 with a ₹140 GMP and 34.65% estimated premium. Check subscription, 37-share lot size, ₹14,948 investment, listing date and IPO review.
Rentomojo IPO is a ₹1,255.57 crore mainboard issue that opened on September 9, 2026, and will close on September 11, 2026. The price band is ₹384 to ₹404 per share, with a lot size of 37 shares and minimum investment of ₹14,948.
The latest Rentomojo IPO GMP is ₹140 as of September 9, 2026, at 11:59 AM. At ₹404, the estimated listing price is ₹544, implying a potential gain of 34.65%. GMP is unofficial and can change before listing.
The Rentomojo IPO GMP today stands at ₹140 as of September 9, 2026. Based on the upper price band of ₹404, the estimated listing price is ₹544, implying a 34.65% premium. GMP has moved between ₹79 and ₹155 over the last six sessions and rose from ₹134 on September 8 to ₹140 on September 9, indicating positive grey-market sentiment.
| GMP Date | IPO Price | GMP | Subscription | Est. Listing Price | Est. Profit | Last Updated |
|---|---|---|---|---|---|---|
| September 9, 2026 | ₹404 | ₹140 ▲ | 0.56x | ₹544 (34.65%) | ₹5,180 | 9-Sep-2026 11:59 |
| September 8, 2026 | ₹404 | ₹134 ▲ | - | ₹538 (33.17%) | ₹4,958 | 8-Sep-2026 23:34 |
| September 7, 2026 | ₹404 | ₹125 ▼ | - | ₹529 (30.94%) | ₹4,625 | 7-Sep-2026 23:29 |
| September 6, 2026 | ₹404 | ₹149 ▼ | - | ₹553 (36.88%) | ₹5,513 | 6-Sep-2026 23:32 |
| September 5, 2026 | ₹404 | ₹155 ▲ | - | ₹559 (38.37%) | ₹5,735 | 5-Sep-2026 23:34 |
| September 4, 2026 | ₹404 | ₹79 ─ | - | ₹483 (19.55%) | ₹2,923 | 4-Sep-2026 23:31 |
Estimated Profit/Loss per lot = GMP × 37 shares.
| IPO Metric | Details |
|---|---|
| IPO Dates | September 9 to September 11, 2026 |
| Price Band | ₹384 to ₹404 per share |
| Issue Price | ₹404 |
| Face Value | Not specified |
| Lot Size | 37 Shares |
| Minimum Investment | ₹14,948 |
| Total Issue Size | ₹1,255.57 crore |
| Primary Issue | ₹150 crore |
| Offer for Sale | ₹1,105.57 crore |
| Issue Type | Mainboard |
| Listing | BSE, NSE |
| Listing Date | September 17, 2026 |
The Rentomojo IPO is among the mainboard IPOs being tracked in September 2026.
The Rentomojo IPO subscription stood at 0.56 times as of September 9, 2026, at 11:59 AM. The issue remains open until September 11, with category wise bidding being tracked until the close. The IPO final subscription figure will be available after the issue closes.
The Rentomojo IPO lot size is 37 shares. At ₹404 per share, one lot requires ₹14,948, which is within the retail IPO investment limit.
Rentomojo Limited was incorporated in April 2012 and is headquartered in Bengaluru. It runs an online rental and subscription platform for furniture and appliances, allowing customers to rent, return, upgrade and relocate products.
As of March 31, 2026, Rentomojo had 851,184 live items and 253,825 live subscribers across 29 cities. It operated 82 experience stores and 20 warehouses covering 538,933 sq. ft., with an average delivery time of 2.35 days and occupancy of 83.34%.
The company plans to use ₹70 crore of the IPO proceeds to repay or prepay borrowings and accrued interest. Another ₹42.50 crore is proposed for lease rental and licence fees for warehouses and experience stores, with the balance for general corporate purposes. The IPO will therefore support debt reduction and operating needs.
Rentomojo's total income increased from ₹195.80 crore in FY24 to ₹394.09 crore in FY26, while revenue from operations reached ₹386.99 crore. PAT rose from ₹22.41 crore to ₹104.30 crore during the same period, with FY26 PAT growth of 141.94%. Basic EPS increased to ₹10.42 from ₹4.31 in FY25. Financials remain important for the IPO evaluation.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from Operations | ₹386.99 Cr | ₹265.96 Cr | ₹192.70 Cr |
| Other Income | ₹7.10 Cr | ₹6.00 Cr | ₹3.10 Cr |
| Total Income | ₹394.09 Cr | ₹271.96 Cr | ₹195.80 Cr |
| YoY Growth | 44.91% | 38.90% | - |
| Employee Benefits Expense | ₹60.80 Cr | ₹41.44 Cr | ₹30.94 Cr |
| Finance Costs | ₹25.34 Cr | ₹26.52 Cr | ₹25.61 Cr |
| Depreciation & Amortisation | ₹70.47 Cr | ₹48.81 Cr | ₹30.13 Cr |
| Other Expenses | ₹167.25 Cr | ₹112.08 Cr | ₹86.71 Cr |
| Total Expenses | ₹323.85 Cr | ₹228.86 Cr | ₹173.39 Cr |
| Profit Before Exceptional Items & Tax | ₹70.24 Cr | ₹43.11 Cr | ₹22.41 Cr |
| Exceptional Items | ₹2.58 Cr | - | - |
| Profit Before Tax | ₹67.66 Cr | ₹43.11 Cr | ₹22.41 Cr |
| Current Tax | - | - | - |
| Deferred Tax Credit | ₹36.64 Cr | - | - |
| Profit After Tax | ₹104.30 Cr | ₹43.11 Cr | ₹22.41 Cr |
| PAT YoY Growth | 141.94% | 92.37% | - |
| Basic EPS | ₹10.42 | ₹4.31 | ₹2.52 |
| Diluted EPS | ₹10.10 | ₹4.18 | ₹2.45 |
Rentomojo has 851,184 live items, 82 stores, 20 warehouses and 253,825 live subscribers. Operating cash flow rose from ₹92 crore in FY24 to ₹173 crore in FY26, while debt to equity declined from 0.84x to 0.63x, indicating an improving balance sheet profile.
The furniture rental business faces competition from purchases, second hand products and other rental platforms. Rentomojo's borrowings stood at around ₹258.3 crore as of June 2026, while ₹70 crore of fresh IPO proceeds are earmarked for debt repayment.
FY26 PAT was supported by a ₹36.64 crore deferred tax credit. The report also mentions a disputed share transfer involving around ₹37.25 crore and NCLT proceedings, creating a legal and governance risk for Rentomojo.
The research report places the Rentomojo IPO P/E ratio at 40.73x against a peer average of 44.3x. Revenue CAGR was 41.85% and PAT CAGR was 115.75% between FY24 and FY26.
The report considers the valuation broadly in line with peers and gives the IPO a Subscribe rating. The valuation, subscriber growth, cash generation and earnings sustainability remain important factors.
Rentomojo offers exposure to the furniture and appliance rental market through its subscription model and has reported strong revenue and PAT growth. However, competition, borrowings, the deferred tax credit and the legal or governance matter remain risks.
The analyst report has given the Rentomojo IPO a Subscribe rating from a long term perspective.
Rentomojo IPO is a ₹1,255.57 crore mainboard IPO with a price band of ₹384 to ₹404 per share and a lot size of 37 shares.
The latest Rentomojo IPO GMP is ₹140 as of September 9, 2026, at 11:59 AM.
Based on the current GMP of ₹140 and the upper price band of ₹404, the estimated listing price is ₹544. The GMP is unofficial and indicative.
The Rentomojo IPO lot size is 37 shares.
The minimum investment is ₹14,948 for one lot at the upper price band. Investors can compare this with other mainboard IPOs.
The Rentomojo IPO closes on September 11, 2026.
Rentomojo shares are scheduled to list on September 17, 2026. The IPO listing will be on BSE and NSE.
The research report gives Rentomojo IPO a Subscribe rating from a long term perspective.
Disclaimer: IPO GMP is based on unofficial grey market activity and is indicative only. It does not guarantee the actual listing price or returns. The research report states that it should not be used as the sole basis for an investment decision and that investors should conduct their own evaluation of the merits and risks.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
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