Home / Business and Economy / Rentomojo IPO Allotment Today: Check Status!
Rentomojo IPO Allotment Today: Check Status!
15 Sep
Summary
- Rentomojo IPO allotment is set to finalize today, September 15.
- The IPO saw a strong subscription rate of 72.88 times.
- Grey market premium (GMP) for Rentomojo IPO stands at ₹158.
The Rentomojo IPO allotment is scheduled for finalization today, September 15, 2026. The public issue, which opened for bidding from September 9 to September 11, 2026, witnessed an overwhelming response, achieving a total subscription of 72.88 times. Qualified Institutional Buyers showed immense interest, subscribing their portion 177.29 times, followed by Non-Institutional Investors at 67.93 times and Retail Individual Investors at 15.59 times.
Currently, the Rentomojo IPO commands a significant grey market premium (GMP) of ₹158, as reported by Investorgain. This suggests an estimated listing price of ₹562 per share, marking a substantial 39.11% premium over the IPO price band of ₹384-₹404. The company aims to raise ₹1,255.57 crore through this IPO, which comprises a fresh issue of ₹150 crore and an Offer for Sale (OFS) of ₹1,105.57 crore.
Refunds for unsuccessful applicants are anticipated on September 16, 2026, with successful investors expected to receive their shares in their Demat accounts the same day. The shares are slated for listing on both the NSE and BSE tentatively on September 17, 2026. Proceeds from the IPO will be utilized for repaying borrowings, covering lease rentals, and general corporate purposes.
