RentoMojo IPO Subscribed 2.82X On Day 2 Driven By NIIs

10 Sept 2026, 12:54 pm · 2d ago · 1 min read · Inc42

Amount

₹1,255.57 Cr

Stage

IPO

Furniture and appliance rental startup RentoMojo’s initial public offering was subscribed 2.82 times on the second day of bidding. Non-institutional investors led the demand with their reserved quota booked 6.13 times, while the retail category was subscribed 2.77 times and the employee segment saw 2.67 times subscription. However, the qualified institutional buyers portion stood subscribed at 0.42 times. The startup aims to raise approximately ₹1,255.57 crore through this public issue within a price band of ₹384 to ₹404 per share. The IPO bidding process opened yesterday and is scheduled to close tomorrow.