Rentomojo IPO- Complete Overview
Rentomojo IPO is a Mainboard IPO with an issue size of Rs. 1,255.57 Cr by Rentomojo Limited, which is a full-stack, technology-driven direct-to-consumer (D2C) online furniture and appliance rental and subscription service in India.
Customers may rent, return, upgrade, and transfer items without having to make significant upfront expenditures or commit to long-term ownership thanks to the company's inexpensive, flexible, and long-term subscription plans for home furnishings and appliances.
As of March 31, 2026, its product portfolio comprised 851,184 live objects, including necessities for the household including beds, mattresses, washing machines, refrigerators, closets, sofas, televisions, and water purifiers.
Category management, product design, procurement, refurbishing, servicing, reverse logistics, and multi-cycle redeployment are all covered by Rentomojo's comprehensive asset-lifecycle approach. The company can manage its assets over several deployment cycles, increase occupancy and capital efficiency, and deliver reliable service thanks to this full-stack solution.
This new IPO is to be launched on 09 Sep 2026, and its ‘initial public offering’ will end on 11 Sep 2026.
Rentomojo IPO Details
This Mainline IPO comprises a combination of a fresh issue of 0.37 Cr shares (Rs. 150 Cr) and an offer for sale of 2.74 Cr shares (Rs. 1,105.57 Cr). The Rentomojo IPO listing date (expected) might be Thursday, Sep 17, 2026, and the listing on the BSE and NSE.
The Rentomojo IPO price band is Rs. 384 to Rs. 404.
IPO Timetable (Tentative)
The Rentomojo IPO date is from 09 Sep to 11 Sep, with IPO allotment on Sep 15, refund initiation on Sep 16, and listing on Sep 17, 2026.
|
Events |
Date |
|
IPO Opening Date |
Sep 09, 2026 |
|
IPO Closing Date |
Sep 11, 2026 |
|
IPO Allotment Date |
Sep 15, 2026 |
|
Refund Initiation |
Sep 16, 2026 |
|
IPO Listing Date |
Sep 17, 2026 |
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview & Outlook
The number of nuclear households is expected to grow by approximately 50 million from approximately 220 million in 2025 to approximately 270 million in 2030.
Rentomojo Company Financial Performance
(Amount in Cr)
|
Particulars |
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 |
Cash Flows
The cash flows for various activities are shown below:
(Amount in Mn)
|
Net Cash Flow In Multiple Activities |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
1,728.71 |
1,155.45 |
915.72 |
|
Net Cash Flow Investing Activities |
(1,583.37) |
(1,113.06) |
(841.09) |
|
Net Cash Flow Financing Activities |
(41.99) |
(346.84) |
1,130.96 |
Rentomojo IPO- Business Model
-
Primary revenue (~97–98% of revenue from operations): Recurring rental/subscription revenue.
-
Subscribers pay monthly rent under subscription agreements (average tenure ~18 months).
-
Revenue is recognized over time as the service is provided.
-
Contracts auto-renew monthly; many have longer tenures, creating predictable recurring cash flows.
-
Additional smaller revenue from delivery/installation charges, quality checks, next-day delivery, Mojo Mover (relocation), and limited product sales.
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
-
Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company. ~ Rs. 70 Cr.
-
Payment of lease rental/ license fee for our warehouses and experience stores. ~ Rs. 42.50 Cr.
Peers of Rentomojo
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 10.42 from the last year, the resulting P/E ratio is 38.77x.
Rentomojo IPO Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
43.51% |
|
ROCE |
25.34% |
|
Debt/Equity |
0.63 |
|
RoNW |
43.51% |
|
PAT Margin |
26.95% |
|
EBITDA Margin |
41.48% |
IPO's Strengths
-
D2C player that has been consistently profitable since Fiscal 2023.
-
Robust subscriber base and wide range of products.
-
Establishes a foundation of sponsorship and attracts institutional investors.
-
Recurring income that is predictable and a high return on investment.
IPO's Weaknesses
-
For product sourcing and manufacturing, the corporation relies on suppliers and outside manufacturers. Its business and reputation could be negatively impacted by unfavorable supply terms, manufacturing disruptions, quality problems, increased supply costs, rising raw material prices, or supply delays.
-
The company's capacity to build its subscriber base and provide excellent customer service will determine how far it can go. Its business, financial situation, and cash flows could be negatively impacted if it is unable to keep current subscribers or draw in new ones.
-
The availability and provision of the company's services depend on its technological platforms. Its company and reputation could be negatively impacted by any technological malfunction or disruption in platform availability.
Rentomojo IPO GMP Today
Rentomojo IPO GMP is Rs. 145 as of September 07, 2026, when this information was written. With the upper price band of Rs. 404, Rentomojo IPO's estimated listing price is Rs. 549. The expected listing gain/loss per share is 35.89%.
IPO Other Details
|
IPO Opening & Closing Date |
09 Sep 2026 to 11 Sep 2026 |
|
Face Value |
Rs. 1 per Share |
|
Issue Price |
Rs. 384 to Rs. 404 |
|
Lot Size |
37 Shares |
|
Issue Size |
3,10,80,978 shares (Rs. 1256 Cr) |
|
Offer for Sale |
2,73,65,529 shares (Rs. 1106 Cr) |
|
Fresh Issue |
37,15,449 shares (Rs. 150 Cr) |
|
Listing At |
BSE, NSE |
|
Issue Type |
Book-built IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Grey Market Premium
The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.
Rentomojo IPO Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (37 Shares) amounting to Rs. 14948 and 13 Lots (481 Shares) for Rs. 1,94,324, respectively, while for HNI investors, the minimum Lot is 14 (518 Shares) amounting to Rs. 2,09,272.
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
S-HNI (Minimum) |
14 Lots |
|
S-HNI (Maximum) |
66 Lots |
|
B-HNI (Minimum) |
67 Lots |
Rentomojo IPO Reservation
|
Institutional Share Portion |
50% |
|
Retail Investors' Share Portion |
35% |
|
Non-Institutional Shares Portion |
15% |
Promoters and Management of Rentomojo Ltd.
-
Geetansh Bamania.
|
Pre-Issue Promoter Shareholding |
21.49% |
|
Post-Issue Promoter Shareholding |
19.94% |
IPO Lead Managers
- Motilal Oswal Investment Advisors Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Rentomojo IPO Review: Subscribe or Avoid?
With steady profitability, robust EBITDA margins, and a recurring subscription-based business model, Rentomojo exhibits robust financial growth. Key advantages include the company's asset-light technological platform and expanding rental market possibilities. High valuation (P/E ~38.77x), reliance on suppliers, client retention, and technology platform risks are still significant considerations, though.
Before making any decision to subscribe or avoid, you should consult your SEBI-registered financial advisor.
Rentomojo IPO News
Rentomojo DRHP
Rentomojo RHP
Rentomojo IPO Allotment Status
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the Company to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
