Rentomojo Rs 1,256 Crore IPO Subscribed 1.97 Times on Day One

10 Sept 2026, 11:38 am · 2d ago · 1 min read · Entrackr

Amount

Rs 1,256 Cr

Stage

IPO

Bengaluru-based furniture and appliance rental startup Rentomojo saw its Rs 1,256 crore initial public offering subscribed 1.97 times on its opening day. Non-institutional investors led the bidding with 3.87 times subscription, while retail and employee portions were booked 2.05 times and 2.09 times, respectively. Qualified institutional buyers subscribed 0.41 times. The issue features a fresh issue of Rs 150 crore and an offer for sale alongside a price band of Rs 384 to Rs 404 per share. Rentomojo posted a net profit of Rs 104 crore on Rs 387 crore revenue in FY26.