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₹384 - 404Day cells show that day's addition; Now is the running total. Amounts at the upper price band.
Rentomojo Ltd
MiscellaneousIPO
₹384 - 404
Rentomojo operates a technology-driven, full-stack direct-to-consumer ("D2C") online rental and subscription platform for furniture and appliances in India. We are the largest online rental and subscription platform for home furniture and appliances based on live subscribers as of March 31, 2025 and as of September 30, 2025, and subscription revenue during Fiscal 2025, amongst leading home furniture and appliance rental platforms in India. As of March 31, 2026, we had 253,825 live subscribers spread across 29 cities in India, enabling subscribers to access home essentials through affordable, long-term and flexible subscription plans backed by a reliable and a full-stack asset-lifecycle model. Our integrated asset-lifecycle model, spanning across category management, designing, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment, helps us deliver a flexible living experience to modern age consumers of India. In addition, we focus on offering quality service, to drive subscriber satisfaction and retention.
Lot37Min Invest₹14,948Face Value₹1Issue Size₹1,256 CrFresh Issue₹150 CrOffer for Sale₹1,106 CrListing Price₹482CMP₹533
Timeline
9 Sept
Bidding opens
11 Sept
Bidding closes
15 Sept
Allotment
16 Sept
Refund & demat credit
17 Sept
Listing
Subscription · As of 8:00 PM, 11 Sept
Demand by day
CategoryDay 1Day 2Day 3Now+0.41x+0.04x+176.84x177.3x+2.46x+9.14x+56.33x67.9x+1.54x+2.65x+11.40x15.6xOverall+1.42x+3.29x+68.17x72.9x
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB177.3x1.47 Cr261.44 Cr1,05,622.92NII67.9x44.24 L30.05 Cr12,140.05Retail15.6x1.03 Cr16.09 Cr6,502.26Total72.9x3.11 Cr226.50 Cr87,517.22
Reports
Offer Details
Terms
Issue Size₹1,256 Cr3.11 Cr shares
Fresh Issue₹150 Cr
Offer for Sale₹1,106 Cr
Face Value₹1
Lot Size37 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,9481-13 lots
sNII₹2,09,272from 14 lots
bNII₹10,01,516from 67 lots
Managers & Registrar
Lead ManagerMotilal Oswal Investment Advisors Limited
Co-ManagerAxis Capital Limited, IIFL Capital Services Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrGeetansh BamaniaPRMTR8,49,17534.31Accel India IV (Mauritius) LimitedOTH78,46,951317.02Edelweiss Discovery Fund - Series IOTH28,82,794116.46IDG Ventures India Fund III LLCOTH28,03,431113.26ValueQuest S.C.A.L.E. FundOTH27,13,418109.62Madison India Opportunities V VCCOTH23,98,55096.90GMO Payment Gateway IncOTH15,12,80061.12GMO GFF Limited PartnershipOTH8,42,17434.02MSIVC 2018V Venture Capital Investment Limited PartnershipOTH7,53,64730.45Pratithi Investment Trust, acting through its trustee S. GopalakrishnanOTH7,19,31529.06Rajeev Chitrabhanu HUFOTH3,07,00012.40VCATs Management Services Trust - IIOTH76,2603.08Renaud LaplancheINDVL7,55,40530.52Gaurav BamaniaINDVL4,00,00016.16Gautam DalmiaINDVL2,54,13010.27Nitish MittersainINDVL1,48,4606.00Subodh ShinkarINDVL1,00,0004.04Total2,53,63,5101,024.69
Shareholding
CategoryPre IPOPost IPOPromoter Group21.49%19.56%Public78.51%80.44%
Objects of the Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by its Company
- Payment of lease rental/ license fee for the company warehouses and experience stores
- General corporate purposes
Anchor Book
Bid Date08-Sep-202630-day lock-in14-Oct-202690-day lock-in13-Dec-2026
Financials
Profit & Loss
| Financial Year | FY26 |
|---|---|
| RevenueCr | 387 |
| Operating ProfitCr | 159 |
| OPM% | 41.1 |
| PBTCr | 68 |
| PATCr | 104 |
Strengths & Risks
Strengths · as stated in the DRHP
- Consistently profitable D2C player since Fiscal 2023, driven by predictable recurring revenues, acyclical performance and high return on capital employed.
- Leading furniture and appliance rental platform, where scale enables higher subscriber engagements - creating organic demand.
- Integrated multi-stack business model driving a self-reinforcing flywheel at the intersection of e-commerce, subscription, and re-commerce.
- Proven track record of extended reuse during asset life cycle and consistent cohort returns.
- Proprietary technology stack seamlessly facilitating end-to-end operational integration.
- Founder-led company supported by a professional management team and marquee shareholders.
Strategies · as stated in the DRHP
- Leveraging micro-market intelligence to drive omni-channel expansion and strengthen consumer trust.
- Capital-light expansion to capture urbanization driven growth.
- Invest in our technology stack to enhance customer experience, strengthen operational efficiency, and drive cost optimization.
- Strengthen and scale our platform solutions to provide a wider breadth of services.
Risks · as stated in the DRHP
- The company derives most of its revenues by renting furniture and appliances (along with other recurring subscription revenue) (97.90%, 98.20% and 98.19% of the company's revenue from operations for Fiscals 2026, 2025 and 2024,respectively). Consequently, any decline in the demand for renting such products may adversely affect its business, results of operations, financial condition and cash flows.
- If the company is unable to procure products from its vendors on commercially acceptable terms or if the company third-party manufacturers choose not to manufacture products for it or fails to maintain quality standards or if the company's margins are impacted by higher supply costs or raw material price increases or delay in supply of the products, its business and reputation may be adversely affected.
- The growth of the company's business is dependent on its ability to continue to grow the number of subscribers that utilize the company's rental platform and rental products, and provide high levels of customer experience to increase adoption of its products from existing subscribers. If the company is unable to retain its existing subscribers and attract new subscribers, the company's business, results of operations, financial condition and cash flows may be adversely affected.
- The company's historical performance may not be indicative of its future growth or financial results and if the company fails to manage its growth or implement the company's growth strategies, its business, results of operations, financial condition and cash flows may be adversely affected.
- The company's revenue is concentrated in key tier-1 and metropolitan markets in India. Adverse local developments could disproportionately impact its business, results of operations, financial condition and cash flows.
- The company operations involve the storage, refurbishment, and movement of assets through and within the warehouses. The company has experienced a fire at one of its warehouses in June 2026, and any incident such as fire, natural calamity or operational disruption at these locations could result in asset damage, temporary suspension of operations, increased costs, or delays in service delivery, which may adversely affect the company's business, results of operations, financial condition and cash flows.