Rentomojo IPO
LISTEDMAINBOARDListing Performance
▲ 19.42%
Issue Price
₹404
Listing Price
₹482
Listed On
17 Sep 2026
- Price Band
- ₹384 – ₹404
- Lot Size
- 37
- Lot Value
- ₹14,948
- Open Date
- 09 Sep09 Sep 2026
- Close Date
- 11 Sep11 Sep 2026
- Min Investment
- ₹14,948
Rentomojo — Stock Performance
About Rentomojo
Rentomojo is a technology-first, data-driven rental platform that offers furniture and appliances on a subscription basis to subscribers. The company operates through a rental model with physical experience stores and a digital platform, serving customers across multiple Indian cities.
Revenue is generated through rental subscriptions for furniture and appliances, along with ancillary services such as delivery charges, installation charges, and quality check charges.
Use of IPO Proceeds
Promoters
Geetansh Bamania
Chairperson, Managing Director and Chief Executive Officer · age 38
Pre-issue: 14.69%
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: Equity
Strengths (6)
- •Consistently profitable D2C player with predictable recurring revenues and high capital returns
- •Market leader in organized furniture and appliances rental with 42-47% subscription revenue share
- •Integrated multi-stack business model creating self-reinforcing flywheel across e-commerce, subscription, and re-commerce
- •Proven extended asset reuse and superior economics through full lifecycle ownership and refurbishment
- •Proprietary technology stack enabling seamless end-to-end operational integration and lifecycle management
- •Founder-led organization with experienced management team backed by marquee institutional investors
Risk Factors (6)
- •Most revenues from furniture and appliance rentals; high concentration risk if rental demand declines significantly.
- •First public offering with no formal market history; offer price may not reflect post-listing market price.
- •Company operates in competitive home furniture and appliances rental market with potential new entrants.
- •Dependent on consumer discretionary spending; economic downturns could reduce rental demand and revenues.
- •Business model relies on asset utilization rates; high vacancy rates would negatively impact profitability.
- •Regulatory changes in consumer protection, liability, or rental laws could impact business operations and costs.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 55.18x (QIB 133.61x, NII 57.14x, Retail 9.71x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 37 | ₹14,948 |
| Retail (max) | 13 | 481 | ₹1,94,324 |
| S-HNI (min) | 14 | 518 | ₹2,09,272 |
| S-HNI (max) | 66 | 2,442 | ₹9,86,568 |
| B-HNI (min) | 67 | 2,479 | ₹10,01,516 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.40x | 0.42x | 133.61x |
| sNII (S-HNI) | 2.36x | 9.49x | 42.94x |
| bNII (B-HNI) | 1.79x | 9.09x | 64.24x |
| Retail | 0.91x | 2.47x | 9.71x |
| Total | 0.99x | 3.33x | 55.18x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
9.71x
Allotment Ratio
1 lot per 10 applicants
Allotment Probability
~10.3%
Non-Institutional Investors (NII / HNI)
Subscription
57.14x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
133.61x
Allotment Type
Discretionary allotment
Total Subscription
55.18x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
09 Sep 2026 · Wed
Issue Closes
11 Sep 2026 · Fri
Bidding Cut-off (UPI Mandate)
11 Sep 2026 · 5:00 PM IST
Allotment
15 Sep 2026 · Tue
Listing
17 Sep 2026 · Thu
Issue Opens
09 Sep 2026 · Wed
Issue Closes
11 Sep 2026 · Fri
Bidding Cut-off (UPI Mandate)
11 Sep 2026 · 5:00 PM IST
Allotment
15 Sep 2026 · Tue
Listing
17 Sep 2026 · Thu
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | Equity |
| ISIN | — |
| Face Value | ₹1 |
| Issue Size | ₹1255.57 Cr |
| Fresh Issue | ₹150.00 Cr |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 265.96 | 43.11 | 3.08 | — | 28.88% |
| FY24 | 192.7 | 22.41 | — | — | — |
| FY23 | 120.1 | 4.41 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| EBITDA | 52.93 | 78.15 | 118.44 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
131.2x
Price ÷ EPS
EPS (FY25)
₹3
Earnings per share
RoNW
28.88%
Return on net worth
ROCE
25.14%
as reported in filing
EBITDA margin
44.5%
EBITDA ÷ revenue
Price/NAV
22.68x
Price ÷ NAV (as reported)
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹0.00 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: Rentomojo offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Rentomojo's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Rentomojo's filing.
Source: Rentomojo offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- Anchor60.00%
- QIB75.00%
- NII / HNI15.00%
- Retail10.00%
OFS Selling Shareholders
- Geetansh Bamania20,07,181 sh
- Accel India IV (Mauritius) Limited78,46,951 sh
- Edelweiss Discovery Fund - Series I32,03,104 sh
- ValueQuest S.C.A.L.E. Fund27,13,418 sh
- Madison India Opportunities V VCC23,98,550 sh
- Chiratae Growth Fund – I16,25,928 sh
- IDG Ventures India Fund III LLC15,88,393 sh
- GMO Payment Gateway Inc15,12,800 sh
- Chiratae Trust12,77,306 sh
- GMO GFF Limited Partnership8,42,174 sh
- Pratithi Investment Trust7,19,315 sh
- Rajeev Chitrabhanu HUF5,07,000 sh
- MSIVC 2018V Venture Capital Investment Limited Partnership3,76,824 sh
- VCATs Management Services Trust – II76,260 sh
- Renaud Laplanche7,55,405 sh
- Gaurav Bamania4,81,368 sh
- Gautam Dalmia2,54,130 sh
- Nitish Mittersain1,13,460 sh
- Subodh Shinkar1,00,000 sh
Source: Rentomojo offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Geetansh Bamania₹2.40 Cr p.a.
Chairperson, Managing Director and Chief Executive Officer
Master's degree in mechanical engineering from Indian Institute of Technology, Madras
Over 14 years of experience in business and management; previously held positions at KPMG, Flipkart.com and TrendSutra Client Services Private Limited
- Ketan Krishna₹0.71 Cr p.a.
Executive Director and Head – People & Governance
Bachelor's degree in science from University of Delhi; Post graduate diploma in human resources from Management Development Institute, Gurgaon
19 years of experience in human resources; previously held positions at Aditya Birla Retail Limited, Utsav Fashion Private Limited, Magma Fincorp Limited and IDFC Bank Limited
- Prashanth Prakash
Non-Executive Nominee Director
Bachelor's degree in engineering specializing in computer science and technology from Bangalore University; Master's degree in science from University of Delaware; Honorary doctorate of science from University of Mysore
Associated with Accel India Management LLP for more than 17 years since August 2008 as a Designated Partner
- Dr. Niddodi Subrao Rajan₹0.24 Cr p.a.
Independent Director
Bachelor's degree in arts (economics) from Loyola College of Madras; Post-graduate degree in business management from Xavier Labour Relations Institute, Jamshedpur; Doctorate in philosophy from Indian Institute of Technology, Delhi
More than two decades of experience in business and management; previously held positions at Ernst & Young Private Limited, Tata Sons Private Limited, IDFC FIRST Bank Limited and IDFC Foundation
- Deepali Nair₹0.24 Cr p.a.
Independent Director
Bachelor's degree in arts from Choudhary Baluram Godara Government Girl's College, Sri Ganganagar; Master's degree in management studies from Sydenham Institute of Management Studies
More than a decade and a half of experience in business and marketing; previously held positions at HSBC Asset Management (India) Private Limited, L&T General Insurance Company Limited, IIFL Wealth Management Limited, CK Birla Corporate Services Limited and IBM India Private Limited
- Dr. Sandesh Madhukar Kirkire₹0.24 Cr p.a.
Independent Director
Bachelor's degree in engineering from University of Burdwan, West Bengal; Master's degree in management studies from Jamnalal Bajaj Institute of Management Studies, Mumbai; Doctorate in philosophy (commerce & management) from University of Mumbai
Over two decades of experience in finance and business; previously held positions as fund manager and chief executive officer at Kotak Mahindra Asset Management Company Limited
Key Managerial Personnel (3)
- Geetansh Bamania₹2.40 Cr p.a.
Chief Executive Officer
Master's degree in mechanical engineering from Indian Institute of Technology, Madras
Over 14 years of experience in business and management
- Hakim Fakhruddin Ujjainwala
Chief Financial Officer
- Deepika N Bhandiwad
Company Secretary and Compliance Officer
Source: Rentomojo offer document (DRHP/RHP).
Industry & Market
Per Redseer Strategy Consultants Private Limited, a report commissioned by the company (not independent).
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Civil | Company | 1 | — |
A company petition filed by erstwhile director Ajay Nain before the National Company Law Tribunal alleges incomplete information was shared during the sale of his equity shares to RM Employee Benefit Trust, seeking removal of the promoter from the board, voiding of the share sale, restoration of his shareholding, and restraint of the IPO. The company has filed caveats as a pre-emptive measure and the matter is yet to be listed for hearing.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Documents
Frequently Asked Questions
When is the Rentomojo IPO opening?
The Rentomojo IPO opens on 09 Sep 2026 and closes on 11 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Rentomojo IPO?
The price band for the Rentomojo IPO is ₹384 to ₹404. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Rentomojo IPO?
The minimum lot size is 37 shares with a minimum investment of ₹14,948. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Rentomojo IPO today?
The latest Grey Market Premium for Rentomojo is ₹148 (+36.63%). GMP is unofficial data and is not a guarantee of listing price.
When will the Rentomojo IPO list on NSE and BSE?
The Rentomojo IPO is expected to list on 17 Sep 2026 on Equity. Actual listing day trading begins at the start of the normal market session.
How can I check the Rentomojo IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Rentomojo IPO a mainboard or SME issue?
Rentomojo is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Rentomojo IPO?
You can apply for the Rentomojo IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Rentomojo IPO?
The GMP-implied price (unofficial, not a forecast) is ₹552: the upper price band of ₹404 plus the latest grey market premium of ₹148, as of 28 Sep 2026, 01:01 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for Rentomojo IPO?
Based on the retail subscription of 9.71x, the estimated allotment ratio is 1 lot per 10 applicants (approximately 10.3% chance of allotment). This is an estimate and actual allotment may vary.
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