Rentomojo is set to make its stock market debut on the BSE and NSE on Thursday, September 17, with investors watching closely for a strong opening. The IPO is currently commanding a 26% grey market premium (GMP), signalling market expectations of a listing well above the issue price of Rs 404 per share.
The Rs 1,255.57 crore IPO was priced at Rs 404 per share and included both a fresh issue and an offer for sale (OFS). The fresh issue comprised 37.15 lakh equity shares worth Rs 150 crore, while the OFS component consisted of 2.73 crore shares valued at Rs 1,105.57 crore.
The public issue opened for subscription on September 9, 2026, and closed on September 11, 2026, drawing an overwhelming response from investors. The IPO was subscribed 73 times overall. The retail portion was subscribed 15.62 times, while the non-institutional investor (NII) category saw 67.93 times subscription. Qualified institutional buyers (QIBs) led the demand, subscribing 177.29 times their allotted portion.
Investor interest was already evident ahead of the listing, with Rentomojo raising Rs 376 crore from anchor investors. The company allotted 93 lakh shares to 41 anchor investors at Rs 404 per share. The anchor allocation price included a face value of Rs 1 per share and a share premium of Rs 403 per share.
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The Rentomojo IPO is commanding a strong premium in the grey market ahead of its stock-market debut, indicating positive sentiment among investors. The Grey Market Premium (GMP) stands at Rs 106 per share, translating into a premium of nearly 26% over the IPO issue price of Rs 404 per share. At the current GMP, Rentomojo’s estimated listing price is around Rs 510 per share, suggesting a potential premium of Rs 106 over the issue price.
GMP Note: The grey market premium is an unofficial indicator of investor sentiment and should not be considered a guarantee of the actual listing price or returns. GMP may fluctuate before listing depending on investor demand, broader market movements and prevailing market sentiment.
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The proceeds from the Rentomojo IPO will be used for several key corporate purposes. A portion of the funds will go towards the repayment or prepayment, either in full or in part, of certain outstanding borrowings, along with the accrued interest on these loans. The company also plans to use part of the IPO proceeds to pay lease rentals and licence fees for its warehouses and experience stores. The remaining funds will be utilised for general corporate purposes.
Rentomojo is an India-based D2C rental and subscription platform offering flexible access to furniture and appliances without upfront ownership costs.
The company manages the end-to-end asset lifecycle, including procurement, refurbishment, servicing, reverse logistics and redeployment, helping improve asset utilisation and capital efficiency.
Rentomojo has maintained occupancy levels above 80% in recent financial years. As of September 30, 2025, it had 728,773 live products and 227,511 subscribers across 22 cities, with offerings spanning furniture and appliances from brands such as Haier, Wakefit, Livpure and Duroflex, alongside its growing private-label portfolio. The company follows an omnichannel model with 67 experience stores and 21 warehouses covering 444,486 sq. ft., supporting inventory management, fulfilment and asset lifecycle operations.
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