Rentomojo IPO
Bookbuilding IPO | ₹1,256.00 Cr | Listing at BSE, NSE
Open
IPO Open
Wed, Sep 09, 2026
IPO Close
Fri, Sep 11, 2026
Price Band
₹384.00 to ₹404.00
Market Cap (Pre-IPO)
₹4,246.30 Cr
IPO Details
| IPO Date | Sep 09, 2026 to Sep 11, 2026 |
| Listing Date | Tentative: Sep 17, 2026 |
| Face Value | ₹1.00 per share |
| Price Band | ₹384.00 to ₹404.00 |
| Lot Size | 37 Shares (Minimum: ₹14,948.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹1,256.00 Crores |
| Total Shares Offered | 31,080,978 shares |
| Fresh Issue | 3,715,449 shares |
| Offer For Sale | 27,365,529 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 0.41x |
| NII | 2.13x |
| RII | 1.40x |
| Total | 1.27x |
Rentomojo IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50.00 |
| Retail Shares Offered | 35.00 |
| NII Shares Offered | 15.00 |
Rentomojo IPO Lot Size
Investors can bid for a minimum of 37 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,948 |
| Retail (Max) | 13 | 481 | ₹194,324 |
| S-HNI (Min) | 14 | 518 | ₹209,272 |
| S-HNI (Max) | 66 | 2,442 | ₹986,568 |
| B-HNI (Min) | 67 | 2,479 | ₹1,001,516 |
Rentomojo Financial Information (Restated Consolidated)
Rentomojo Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 641.12 | 449.87 | 366.20 |
| Total Income | 394.09 | 271.96 | 195.80 |
| Profit After Tax | 104.30 | 43.11 | 22.41 |
| EBITDA | 163.46 | 118.44 | 78.15 |
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 43.51% |
| ROCE (Return on Capital Employed) | 25.34% |
| Debt/Equity | 0.63 |
| RoNW (Return on Net Worth) | 43.51% |
| PAT Margin (Profit After Tax Margin) | 26.95% |
| EBITDA Margin | 41.48% |
| Price to Book Value | 14.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.29 | 9.92 |
| P/E (x) | 39.26 | 40.73 |
Company Overview
Rentomojo Limited – Company Overview
- Rentomojo Limited was incorporated in April 2012 and is a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and appliances in India.
- The company provides consumers with affordable, flexible, and long-term subscription plans, allowing them to rent, return, upgrade, and relocate products without large upfront purchases or long-term ownership commitments.
- Its product portfolio includes essential home products such as beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions, and water purifiers, comprising 851,184 live items as of March 31, 2026.
- Rentomojo operates through an integrated asset-lifecycle model covering category management, product design, procurement, refurbishment, servicing, reverse logistics, and multi-cycle redeployment.
- Its full-stack model enables the company to manage assets across multiple deployment cycles, improve occupancy and capital efficiency, and provide consistent services throughout the subscription lifecycle.
- The company operates through an omni-channel model, combining its online ordering platform with 82 experience stores across India as of March 31, 2026.
- As of March 31, 2026, the company had 253,825 live subscribers across 29 cities in India.
- The company operates 20 warehouses with an aggregate warehousing area of approximately 538,933 sq. ft., supported by trained service professionals and logistics partners for delivery, installation, maintenance, repairs, relocation, and reverse logistics.
- During Fiscal 2026, the company recorded an average delivery turnaround time of 2.35 days and maintained an occupancy rate of 83.34%.
- Rentomojo operates at the intersection of e-commerce, subscription, and re-commerce, integrating these business models across the consumer and asset lifecycle.
- Its business model is designed to generate recurring revenue, extend asset life through refurbishment and redeployment, improve asset occupancy, and reduce new capital expenditure.
- The company has expanded its product portfolio through private-label furniture and appliances, including refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited, along with its own branded water purifiers.
- As of March 31, 2026, Rentomojo had 835 permanent employees and 1,772 contractual workforce personnel, supporting its operations across 29 cities in India.
Company Strengths
- Consistently profitable D2C player since Fiscal 2023.
- Strong subscriber base and extensive product portfolio.
- Marquee institutional investors and established sponsorship base.
- Predictable recurring revenues and high return on capital employed.
- Omni-channel presence through online platform and experience stores.
- Leading furniture and appliance rental and subscription platform in India.
- Full-stack asset-lifecycle management supporting multiple asset deployments.
- Integrated business model combining e-commerce, subscription and re-commerce.
Use of Proceeds
| 1) | Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company | 70.00 |
| 2) | Payment of lease rental/ license fee for our warehouses and experience stores | 42.50 |
| 3) | General corporate purposes | |
| Total | 112.50 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | online rental and subscription-based lifestyle |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,246.30 Cr |
Important Dates
| IPO Open | Sep 09, 2026 |
| IPO Close | Sep 11, 2026 |
| Allotment Date | Sep 15, 2026 |
| Credit to Demat | Sep 16, 2026 |
| Listing Date | Tentative: Sep 17, 2026 |
Lead Manager(s)
Motilal Oswal Investment Advisors Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹1,255.57 crores.
- Issue Structure: The issue is a combination of a fresh issue of 37.15 lakh shares aggregating to ₹150.00 crores and an offer for sale of 2.74 crore shares aggregating to ₹1,105.57 crores.
- IPO Dates: The issue opens for subscription on September 9, 2026 and closes on September 11, 2026.
- Allotment Date: The allotment is expected to be finalized on September 15, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on September 17, 2026.
- Retail Investment Requirement: Minimum 1 lot (37 shares) amounting to approximately ₹14,948 at the upper price band.
- Employee Reservation: The issue includes a reservation of up to 52,083 shares for employees, offered at a discount of ₹20.00 to the issue price.
- Issue Price Band: ₹384 to ₹404 per equity share.
- Lot Size: 37 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.