Rentomojo IPO 2026: Price Band, Dates & Financial Details

Rentomojo IPO: Overview

Rentomojo Limited, a technology-driven furniture and appliance rental platform, opened its ₹1,255.57 crore mainboard IPO on September 9, 2026. The issue closes on September 11, 2026, with allotment expected September 15 and listing on both BSE and NSE on September 17, 2026.

The issue combines a modest fresh issue of ₹150 crore with a substantially larger offer for sale of ₹1,105.57 crore — meaning the vast majority of this IPO's proceeds go to existing selling shareholders exiting their positions, rather than funding the company's own growth.

Rentomojo IPO: Key Dates

Rentomojo IPO: Issue Details

Reservation is split 50% for QIB, 35% for retail, and 15% for NII/HNI. A separate employee reservation of 52,083 shares is available at a discount of ₹20 per share to the issue price.

Rentomojo IPO: Lot Size

About Rentomojo

Rentomojo is a technology-driven, full-stack online rental and subscription platform focused on furniture, home appliances, and household essentials — including beds, mattresses, wardrobes, sofas, washing machines, refrigerators, televisions, and water purifiers. Its portfolio spans products from brands like Haier, Wakefit, Livpure, and Duroflex, alongside its own private-label offerings.

What differentiates Rentomojo's model is that it manages the entire asset lifecycle in-house — category management, product design, procurement, refurbishment, servicing, reverse logistics, and redeployment of the same physical assets across multiple subscription cycles. As of March 31, 2026, the company had 2,53,825 live subscribers across 29 cities (up from 2.27 lakh+ subscribers across 22 cities as of September 30, 2025), and held an estimated 42-47% share of India's organised home furniture and appliance rental segment by subscription revenue in FY25.

Objects of the Issue

Since the OFS component vastly outweighs the fresh issue, it's worth being clear-eyed that this raise is modest in scale relative to the overall issue size — the ₹150 crore fresh issue covers debt repayment and lease obligations, rather than a large capital infusion for aggressive expansion.

Financial Performance

Growth here is sharp — revenue is up roughly 45% year-on-year, while PAT has more than doubled, up around 142%. As of March 31, 2026, the company's total contracted revenue stood at ₹706.90 crore, including ₹292.57 crore of revenue yet to be recognised — a useful forward-looking indicator of subscription-based revenue visibility, given the recurring nature of rental contracts.

Key Valuation Metrics

The P/B ratio of 14.10 is notably high, reflecting the asset-light, high-growth valuation the market is pricing in for a subscription-model rental business — worth weighing against the company's still-relatively-modest absolute profit base.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of the IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email