Rentomojo IPO listing: Shares debut at 19% premium after 73x subscription

Rentomojo shares made a strong debut on September 17, listing at Rs 482.45 on the NSE, a 19.42% premium over the IPO issue price of Rs 404. The stock later extended gains and traded around Rs 524.75, up nearly 30% from the issue price.

The Rs 1,255.57 crore Rentomojo IPO received strong investor demand, with the issue subscribed 72.88 times. The company operates an online rental and subscription platform for furniture, appliances and other home products.

Rentomojo share price today

Metric	Details
IPO issue price	Rs 404
NSE listing price	Rs 482.45
BSE listing price	Rs 480
Listing gain on NSE	19.42%
Current price	Around Rs 524.75
Gain from IPO price	Around 30%

The strong listing came after heavy subscription during the IPO period. Rentomojo received bids for about 158.68 crore shares against 2.18 crore shares offered, according to the company data cited in the listing report.

Rentomojo IPO subscription and details

IPO detail	Information
Issue size	Rs 1,255.57 crore
Price band	Rs 384 to Rs 404
Final issue price	Rs 404
Overall subscription	72.88 times
QIB subscription	177.29 times
NII subscription	67.93 times
Retail subscription	15.59 times
Fresh issue	Rs 150 crore
Offer for sale	Rs 1,105.57 crore
Listing date	September 17, 2026

The IPO was open from September 9 to September 11. Anchor investors had also invested Rs 376.07 crore before the issue opened for public subscription.

What does Rentomojo do

Rentomojo is a technology driven rental and subscription platform that allows customers to rent furniture, appliances and other household products instead of purchasing them.

Business metric	FY26
Live subscribers	2.53 lakh
Cities served	29
Live items	8.51 lakh
Experience stores	82
Warehouses	20
Warehouse and store area	About 5.4 lakh sq ft

The company offers products including beds, mattresses, refrigerators, washing machines, wardrobes, sofas, televisions and water purifiers, along with delivery, installation, maintenance and relocation services.

Rentomojo financial performance

Metric	FY24	FY26
Revenue from operations	Rs 192.7 crore	Rs 387 crore
EBITDA	Rs 78.1 crore	Rs 163.4 crore
Profit after tax	Rs 43.1 crore in FY25	Rs 104.3 crore

Revenue from operations grew at a 41.7% CAGR between FY24 and FY26. However, FY26 profit included a one time deferred tax credit of Rs 36.64 crore.

With the stock now trading above its issue price, investors will track subscriber growth, asset utilisation, profitability and the company's ability to expand its rental network while managing its capital requirements.

What is the Rentomojo IPO listing price?

Rentomojo listed at Rs 482.45 per share on the NSE and Rs 480 on the BSE, against the IPO issue price of Rs 404.

What was the Rentomojo IPO listing gain?

The NSE listing represented a 19.42% premium over the Rs 404 issue price, while the BSE listing was at an 18.81% premium.

What is the Rentomojo share price today?

Rentomojo's share price has moved above its listing price during the debut session. The stock reached Rs 500 on the BSE shortly after listing.

How much was the Rentomojo IPO subscribed?

The Rentomojo IPO was subscribed 72.88 times overall, reflecting strong demand across investor categories.

What was the Rentomojo IPO price band?

The Rentomojo IPO price band was Rs 384 to Rs 404 per share, with the final issue price fixed at Rs 404.

What was the size of the Rentomojo IPO?

The Rentomojo IPO raised approximately Rs 1,255.57 crore, including a fresh issue of Rs 150 crore and an offer for sale of around Rs 1,105.57 crore.

When did the Rentomojo IPO open and close?

The IPO opened for subscription on September 9, 2026, and closed on September 11, 2026.

What was the Rentomojo IPO subscription by category?

The QIB portion was subscribed 177.29 times, the NII portion 67.93 times and the retail portion 15.59 times.

What is the Rentomojo IPO lot size?

The lot size was 37 shares. At the final issue price of Rs 404, the minimum investment was Rs 14,948.

How much did Rentomojo IPO investors gain on listing?

At the NSE listing price of Rs 482.45, one lot of 37 shares was worth about Rs 17,851 compared with an issue investment of Rs 14,948, giving a listing gain of roughly Rs 2,903 per lot.

What does Rentomojo do?

Rentomojo operates a technology driven rental and subscription platform for furniture, appliances and other household products.

How many customers does Rentomojo have?

Rentomojo reported around 2.5 lakh active subscribers as of March 2026, with its rental platform operating across 29 cities.

How many products does Rentomojo have for rent?

The company reported approximately 8.5 lakh live rental items across its product categories as of March 2026.

Is Rentomojo profitable?

Yes. Rentomojo reported a profit after tax of around Rs 104.3 crore in FY26. The company also reported EBITDA of about Rs 163.5 crore during the year.

What was Rentomojo's revenue in FY26?

Rentomojo reported operating revenue of approximately Rs 387 crore in FY26, up from Rs 266 crore in the previous fiscal year.

What was the Rentomojo IPO valuation?

At the upper end of the IPO price band, Rentomojo sought a valuation of around Rs 4,006 crore. Its market valuation rose above Rs 5,000 crore after listing.

Who founded Rentomojo?

Rentomojo was founded by Geetansh Bamania and Ajay Nain and operates from Bengaluru.

Did Rentomojo raise money from anchor investors?

Yes. Rentomojo raised around Rs 376 crore from anchor investors before the IPO, including funds associated with Goldman Sachs and BlackRock.

What should investors watch after the Rentomojo listing?

Investors can track subscriber growth, rental inventory, revenue growth, profitability, operating cash flow, capital expenditure and the company's ability to expand across Indian cities.