About Rentomojo IPO
Rentomojo Limited, a direct-to-consumer furniture and appliance rental platform, opens its IPO for public subscription from September 9, 2026, to September 11, 2026, at a price band of ₹384 to ₹404 per equity share of face value ₹1.
The IPO is a book-built issue of ₹1,255.57 crore, comprising 3,10,80,978 equity shares. It is a fresh issue of 37,15,449 shares worth up to ₹150.00 crore and an offer for sale of 2,73,65,529 shares worth up to ₹1,105.57 crore.
Eligible employees receive a discount of ₹20.00 per share and may apply for up to ₹5 lakh.
Rentomojo: IPO Date, Price, and Other Details
Here are the details of the upcoming Rentomojo IPO:
| Particular | Detail |
|---|---|
| Issue Size | ₹1,255.57 crore (3,10,80,978 equity shares) |
| Offer Type | Book-built issue (fresh capital cum OFS) |
| Fresh Issue | 37,15,449 shares (up to ₹150.00 crore) |
| Offer for Sale | 2,73,65,529 shares (up to ₹1,105.57 crore) |
| Face Value | ₹1 per equity share |
| Price Band | ₹384 to ₹404 per share |
| Employee Discount | ₹20.00 per share |
| IPO Open Date | September 9, 2026 |
| IPO Close Date | September 11, 2026 |
| Basis of Allotment | September 15, 2026 |
| Refunds | September 16, 2026 |
| Credit to Demat Account | September 16, 2026 |
| Listing Date | September 17, 2026 |
| Lot Size | 37 shares |
| Minimum Investment (Retail) | ₹14,948 |
| Book Running Lead Managers | Motilal Oswal Investment Advisors Ltd.; Axis Capital Ltd.; IIFL Capital Services Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Listing Exchanges | BSE, NSE |
Business Overview of Rentomojo
Rentomojo Limited was incorporated in April 2012 and operates a technology-driven, full-stack direct-to-consumer online rental and subscription platform for furniture and appliances in India.
The company runs an integrated asset lifecycle covering category management, product design, procurement, refurbishment, servicing, reverse logistics, and multi-cycle redeployment.
In short, Rentomojo describes itself as operating at the intersection of e-commerce, subscription, and re-commerce.
Key Highlights of this IPO:
| Business Highlights | Key Details |
|---|---|
| Market Position | Leading Furniture and Appliance rental and subscription platform in India |
| Live Subscribers | 253,825 across 29 cities as of March 31, 2026 |
| Live Items Deployed | 851,184 (as of March 31, 2026) |
| Product Range | Beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers |
| Omni-channel Presence | Online platform plus 82 experience stores across India as of March 31, 2026 |
| Delivery Turnaround | Average of 2.35 days in Fiscal 2026 |
| Private Label | Refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited, plus own-branded Water purifiers. |
Rentomojo IPO Reservation: Who Can Apply?
Eligible employees of Rentomojo may apply for up to ₹5 lakh, with a discount of ₹20.00 per share, and may bid at the cut-off price.
Here’s the investor category reservation of Rentomojo IPO:
| Application | 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 |
Strengths and Risks of Rentomojo IPO
Every business has its strengths and risks, and Rentomojo is no different. Here is a brief business analysis (as per RHP) below:
Strengths
Profitable business
PAT has grown from ₹22.41 Cr → ₹104.30 Cr in two years.
Strong returns
FY26 ROE stood at 43.51%, while ROCE was 25.34%.
High utilisation
83.34% occupancy suggests the rental asset base is being actively deployed.
Scaled platform
2.54 lakh subscribers | 8.51 lakh live items | 29 cities
Improving balance sheet
Debt-to-equity fell from 0.84 to 0.63.
Risks
Mostly an investor exit
Around 88% of the issue is OFS, so only ₹150 Cr goes to the company.
Capital hungry model
Growth requires continued investment in rental inventory.
Asset risk
Returns depend on assets being rented, reused, and retaining residual value.
Churn + operating costs
Customer cancellations, logistics, refurbishment and asset recovery can pressure economics.
Limited use of IPO proceeds
Only ₹112.50 Cr of objects are identified, including ₹42.50 Cr for existing lease rentals.
IPO Objectives – How Will the Funds Be Used?
Rentomojo proposes to utilise the net proceeds of the fresh issue towards:
| # | Issue Objects | Est. Amount (₹ crore) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company | 70.00 |
| 2 | Payment of lease rental and licence fee for warehouses and experience stores | 42.50 |
| 3 | General corporate purposes | Balance |
Promoter Shareholding of Rentomojo
The promoter of Rentomojo Limited is Geetansh Bamania.
| Category | Pre-IPO |
|---|---|
| Promoter and Promoter Group | 21.49% |
| Public | 78.51% |
| Total | 100% |
Financial Performance of Rentomojo (Restated, ₹ in crores)
Here's the table outlining the financial performance of Rentomojo Limited from FY 2024 to FY 2026.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Income | 394.09 | 271.96 | 195.80 |
| EBITDA | 163.46 | 118.44 | 78.15 |
| Profit After Tax | 104.30 | 43.11 | 22.41 |
| Net Worth | 295.81 | 183.61 | 139.61 |
| Reserves and Surplus | 291.71 | 182.94 | 138.94 |
| Total Borrowing | 187.59 | 154.58 | 147.22 |
| Assets | 641.12 | 449.87 | 366.20 |
Key Performance Indicators of Rentomojo
Based on the financials available in the RHP, the following key performance metrics of Rentomojo IPO can be considered.
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Return on Equity (ROE) | 43.51% | 26.67% |
| Return on Capital Employed (ROCE) | 25.34% | 25.14% |
| Debt / Equity | 0.63 | 0.84 |
| Return on Net Worth (RoNW) | 43.51% | 26.67% |
| PAT Margin | 26.95% | 16.21% |
| EBITDA Margin | 41.48% | 43.55% |
| Net Asset Value (NAV) | ₹28.65 | ₹17.81 |
| Price to Book Value | 14.10 | 22.68 |
Registrar of Rentomojo IPO
The Registrar of Rentomojo IPO is Kfin Technologies Ltd.
Phone: 040-79615565
Email: rentomojo.ipo@iiflcap.com
Allotment status: https://ipostatus.kfintech.com/
Lead Managers of Rentomojo IPO
Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd. and IIFL Capital Services Ltd. are the book-running lead managers to the Rentomojo IPO.
