RentoMojo Raises ₹376 Cr From Anchor Investors Ahead of IPO

9 Sept 2026, 11:35 am · 3d ago · 1 min read · Entrackr

Amount

₹376 Cr

Stage

IPO

Lead

Kotak ELSS Tax Saver Fund

Bengaluru-based rental startup Rentomojo raised ₹376.07 crore from anchor investors ahead of its ₹1,255.6 crore IPO. The company allotted 93.08 lakh equity shares at the upper price band of ₹404 apiece, commanding a valuation of roughly ₹4,200 crore. Domestic mutual funds secured 64.9% of the anchor allocation (₹244.07 crore) across 16 fund houses, including HDFC, Kotak, ICICI Prudential, and Motilal Oswal. Global investors BlackRock and Goldman Sachs also participated. The IPO consists of a fresh issue of ₹150 crore and an offer for sale worth ₹1,105.6 crore.