Rentomojo IPO
Rentomojo IPO is a mainboard book-building public issue with a total size of approximately ₹1,255.57 crore.
The IPO comprises a fresh issue of approximately 37.15 lakh shares aggregating to ₹150 crore and an offer for sale of approximately 2.74 crore shares aggregating to ₹1,105.57 crore.
The Rentomojo IPO will open for subscription on 9 September 2026 and close on 11 September 2026. The shares are proposed to be listed on both NSE and BSE.
Rentomojo IPO Details
Rentomojo Limited is launching a ₹1,255.57 crore mainboard IPO. The issue includes both a fresh issue of equity shares and an offer for sale by existing shareholders.
The fresh issue consists of approximately 37.15 lakh equity shares aggregating to ₹150 crore. The offer for sale consists of approximately 2.74 crore shares valued at approximately ₹1,105.57 crore.
The IPO price band has been fixed at ₹384 to ₹404 per share. Investors can apply for a minimum of 37 shares and thereafter in multiples of 37 shares.
At the upper price band of ₹404, the minimum retail application requires an investment of ₹14,948.
Rentomojo IPO Key Details
| Particulars | Details |
|---|---|
| IPO Open Date | 9 September 2026 |
| IPO Close Date | 11 September 2026 |
| IPO Size | ₹1,255.57 Crore |
| Price Band | ₹384 to ₹404 per share |
| Face Value | ₹1 per share |
| Lot Size | 37 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue + Offer for Sale |
| Listing Exchange | NSE and BSE |
| Market Cap at Upper Band | ₹4,246.30 Crore |
| Expected Allotment | 15 September 2026 |
| Refund / Unblocking | 16 September 2026 |
| Demat Credit | 16 September 2026 |
| Tentative Listing Date | 17 September 2026 |
Rentomojo IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 3,10,80,978 | Up to ₹1,255.57 Cr |
| Fresh Issue | 37,15,449 | Up to ₹150 Cr |
| Offer for Sale | 2,73,65,529 | Up to ₹1,105.57 Cr |
Rentomojo IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Wednesday, 9 September 2026 |
| IPO Closes | Friday, 11 September 2026 |
| Allotment | Tuesday, 15 September 2026 |
| Refund / Unblocking | Wednesday, 16 September 2026 |
| Shares Credited to Demat | Wednesday, 16 September 2026 |
| Listing | Thursday, 17 September 2026 |
Rentomojo IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Offer |
| Retail Investors | Not less than 35% of the Net Offer |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Offer |
Rentomojo IPO Lot Size
Investors can bid for a minimum of 37 shares. Additional bids can be placed in multiples of 37 shares.
| Investor Category | Lots | Shares | Investment at ₹404 |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,948 |
| Retail Maximum | 13 | 481 | ₹1,94,324 |
| S-HNI Minimum | 14 | 518 | ₹2,09,272 |
| S-HNI Maximum | 66 | 2,442 | ₹9,86,568 |
| B-HNI Minimum | 67 | 2,479 | ₹10,01,516 |
About Rentomojo Ltd.
Incorporated in April 2012, Rentomojo Limited is a technology-driven online rental and subscription platform focused on furniture and appliances in India.
The company allows consumers to access household products through flexible rental and subscription plans. Customers can rent, return, upgrade and relocate products without making large upfront purchases.
Its product portfolio includes beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers.
As of 31 March 2026, Rentomojo had 253,825 live subscribers across 29 cities in India.
The company had 851,184 live items as of 31 March 2026 and operated through an omni-channel network consisting of its online platform and 82 experience stores.
Rentomojo also operates 20 warehouses with an aggregate warehousing area of approximately 538,933 sq. ft..
Rentomojo Business Model
- Furniture Rental: Rental and subscription solutions for household furniture such as beds, sofas, wardrobes and mattresses.
- Appliance Rental: Customers can subscribe to appliances including washing machines, refrigerators, televisions and water purifiers.
- Subscription Model: Flexible long-term subscriptions provide recurring revenue opportunities.
- Asset Lifecycle Management: Products are procured, serviced, refurbished and redeployed across multiple subscription cycles.
- Omni-Channel Operations: Rentomojo combines its digital platform with physical experience stores.
Rentomojo Business Strengths
- Established rental and subscription platform with operations across 29 Indian cities.
- Large subscriber base with 253,825 live subscribers as of 31 March 2026.
- Broad product portfolio covering furniture and household appliances.
- Full-stack asset lifecycle management covering procurement, refurbishment, servicing and redeployment.
- Omni-channel presence supported by 82 experience stores.
- Recurring revenue model supported by subscription-based customer relationships.
- The company has been profitable since Fiscal 2023.
- Integrated e-commerce, subscription and re-commerce capabilities.
Rentomojo Financial Performance
Rentomojo has reported strong improvement in revenue and profitability. Total income increased to ₹394.09 crore in FY2026 from ₹271.96 crore in FY2025.
Profit after tax increased significantly to ₹104.30 crore in FY2026 compared with ₹43.11 crore in FY2025.
Between FY2025 and FY2026, total income increased by approximately 45%, while profit after tax increased by approximately 142%.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Total Income | 394.09 | 271.96 | 195.80 |
| Profit After Tax | 104.30 | 43.11 | 22.41 |
| EBITDA | 163.46 | 118.44 | 78.15 |
| Net Worth | 295.81 | 183.61 | 139.61 |
| Reserves and Surplus | 291.71 | 182.94 | 138.94 |
| Total Borrowings | 187.59 | 154.58 | 147.22 |
| Assets | 641.12 | 449.87 | 366.20 |
Rentomojo IPO Key Performance Indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| ROE | 43.51% | 26.67% |
| ROCE | 25.34% | 25.14% |
| Debt / Equity | 0.63 | 0.84 |
| RoNW | 43.51% | 26.67% |
| PAT Margin | 26.95% | 16.21% |
| EBITDA Margin | 41.48% | 43.55% |
| NAV | ₹28.65 | ₹17.81 |
| Price to Book Value | 14.10 | 22.68 |
Rentomojo IPO Valuation
At the upper IPO price of ₹404 per share, Rentomojo is estimated to have a post-issue market capitalization of approximately ₹4,246.30 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹10.29 | ₹9.92 |
| P/E Ratio | 39.26x | 40.73x |
| Market Capitalisation | ₹4,096 Cr | ₹4,246.30 Cr |
Rentomojo IPO Objects of the Issue
The company proposes to use the net proceeds from the fresh issue for reducing borrowings, supporting lease-related payments and meeting general corporate requirements.
| No. | Use of IPO Funds | Estimated Amount |
|---|---|---|
| 1 | Repayment or prepayment, in full or part, of certain outstanding borrowings and accrued interest. | ₹70 Cr |
| 2 | Payment of lease rentals or licence fees for warehouses and experience stores. | ₹42.50 Cr |
| 3 | General corporate purposes. | Balance Amount |
| Total Identified Proceeds | ₹112.50 Cr | |
Rentomojo Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 21.49% | 19.94% |
| Public | 78.51% | 80.06% |
| Total | 100% | 100% |
Company Promoter: Geetansh Bamania
Rentomojo IPO Offer for Sale
A major portion of the Rentomojo IPO comprises an offer for sale by existing shareholders. The proceeds from the OFS will be received by the selling shareholders and will not form part of the company’s fresh capital.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| Geetansh Bamania | Promoter | 8,49,175 | ₹34.31 Cr |
| Accel India IV (Mauritius) Ltd. | Corporate | 78,46,951 | ₹317.02 Cr |
| Edelweiss Discovery Fund-Series I | Corporate | 28,82,794 | ₹116.46 Cr |
| IDG Ventures India Fund III LLC | Corporate | 28,03,431 | ₹113.26 Cr |
| ValueQuest S.C.A.L.E. Fund | Corporate | 27,13,418 | ₹109.62 Cr |
Rentomojo Operating Scale
Rentomojo had 253,825 live subscribers across 29 cities as of 31 March 2026.
The company had approximately 851,184 live items across its furniture and appliance portfolio.
Its network included 20 warehouses covering approximately 538,933 sq. ft. and 82 experience stores across India.
During FY2026, Rentomojo recorded an average delivery turnaround time of approximately 2.35 days and maintained an occupancy rate of 83.34%.
Rentomojo Competitive Strengths
- Profitable D2C business since Fiscal 2023.
- Large and growing subscriber base across multiple Indian cities.
- Recurring revenue supported by furniture and appliance subscription plans.
- Integrated asset lifecycle model covering procurement, refurbishment, servicing and redeployment.
- Omni-channel business model combining online ordering and physical experience stores.
- Strong operating scale with more than 8.5 lakh live items.
- Established presence in the furniture and appliance rental market.
Rentomojo IPO Registrar & Lead Managers
IPO Registrar: KFin Technologies Ltd.
Book Running Lead Managers: Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd. and IIFL Capital Services Ltd.
Rentomojo IPO Quick Summary
Rentomojo IPO is a mainboard public issue of approximately ₹1,255.57 crore. The IPO will open on 9 September 2026 and close on 11 September 2026.
The IPO price band is ₹384 to ₹404 per share and the minimum lot size is 37 shares. At the upper price band, one retail lot requires ₹14,948.
The issue consists of a fresh issue of approximately ₹150 crore and an offer for sale of approximately ₹1,105.57 crore.
Rentomojo operates a technology-driven furniture and appliance rental and subscription platform serving customers across 29 cities in India.
As of 31 March 2026, the company had 253,825 live subscribers, 851,184 live items and 82 experience stores.
The company reported FY2026 total income of ₹394.09 crore and profit after tax of ₹104.30 crore.
The shares are proposed to be listed on both NSE and BSE, with a tentative listing date of 17 September 2026.
Rentomojo IPO FAQs
Disclaimer
This article is intended for educational and informational purposes only. IPO investments are subject to market risks and the information provided should not be considered investment advice. Investors should carefully read the company’s RHP, prospectus and other official documents before making any investment decision. IPO dates, price details, allotment dates, subscription details and listing dates are subject to change based on official announcements.
