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Rentomojo IPO: Rs 1,200 Cr Dream Begins
9 Sep
Summary
- Rentomojo's IPO opens September 9, aiming to raise over Rs 1,200 crore.
- Funds will be used for debt repayment and general corporate needs.
- The company is a leading furniture and appliance rental platform in India.
Anticipation is building as Rentomojo prepares to launch its public offering on September 9, 2026, aiming to secure over Rs 1,200 crore. The funds raised will primarily support debt repayments and various corporate requirements. The rental service, specializing in furniture and appliances via subscription, has already garnered significant interest from anchor investors.
The IPO, valued at Rs 1,255.57 crore, will open for subscription on September 9 and close on September 11, 2026. The issue comprises a fresh issue of Rs 150 crore and an offer for sale (OFS) of Rs 1,105.57 crore. Shares are proposed to be listed on both the NSE and BSE, with a tentative listing date of September 17, 2026.
Rentomojo is an India-based D2C rental and subscription platform offering flexible access to furniture and appliances. As of September 30, 2025, it served 227,511 subscribers across 22 cities. The company's operations span procurement, refurbishment, servicing, and logistics, aiming to improve asset utilization and capital efficiency.
Analysts at SBI Securities have assigned a 'Subscribe' rating, citing Rentomojo's market leadership, strong growth, and favorable industry outlook. Despite a high valuation, the brokerage believes the company's robust growth trajectory and improving profitability justify the premium.
