Rentomojo IPO Review: Key Details, Company Overview and Financials
- September 7, 2026
- Posted by: Lakshit Sharma
- Category: IPO
Rentomojo IPO price band Rs 384 to Rs 404. Opens 9 Sep, closes 11 Sep 2026. Issue size Rs 1,255.57 Cr. Lists 17 Sep on BSE, NSE.
Quick Answer
The Rentomojo IPO is a Rs 1,255.57 crore bookbuilding issue priced between Rs 384 and Rs 404 per share, open for bidding from 9 to 11 September 2026. The Bengaluru based furniture and appliance rental platform combines a Rs 150 crore fresh issue with a Rs 1,105.57 crore offer for sale by its promoter and a long list of venture investors. Shares are proposed to list on BSE and NSE around 17 September 2026, on the back of FY26 revenue growth of 45 percent and profit growth of 142 percent.
The Rentomojo IPO is a bookbuilding issue of Rs 1,255.57 crore, comprising a fresh issue of shares worth Rs 150 crore and an offer for sale of 2,73,65,529 equity shares worth Rs 1,105.57 crore by promoter Geetansh Bamania and a group of venture capital and other shareholders. The IPO will open for subscription on 9 September 2026 and close on 11 September 2026. The allotment is expected to be finalised on 15 September 2026, while the shares are proposed to list on BSE and NSE around 17 September 2026.
The Rentomojo IPO price band is set at Rs 384 to Rs 404 per share, with a lot size of 37 shares. Retail investors must apply for a minimum of 37 shares, requiring an investment of Rs 14,948, and can apply for up to 13 lots (481 shares, Rs 1,94,324). HNI investors need to apply for at least 14 lots, or 518 shares, amounting to Rs 2,09,272.
Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd. and IIFL Capital Services Ltd. are the book-running lead managers for the Rentomojo IPO, while Kfin Technologies Ltd. is the registrar to the issue.
For detailed information on the company’s business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Rentomojo IPO Red Herring Prospectus (RHP) before making an investment decision.
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Here is a complete breakdown of the Rentomojo IPO, covering the company profile, industry backdrop, financial track record and the risks worth weighing before applying to the Rentomojo IPO.
Company Overview
Incorporated in April 2012, Rentomojo Limited is a technology driven, direct-to-consumer online rental and subscription platform for furniture and home appliances in India. It lets consumers rent, return, upgrade or relocate products such as beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers, instead of making large upfront purchases, and operated 8,51,184 live items as of 31 March 2026.
The company runs an integrated asset-lifecycle model covering category management, product design, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment, combined with an omni-channel presence across its online platform and 82 experience stores. As of 31 March 2026, Rentomojo had 2,53,825 live subscribers across 29 cities, operated 20 warehouses spanning 5,38,933 sq ft, recorded an average delivery turnaround of 2.35 days, and maintained an occupancy rate of 83.34 percent, supported by 835 permanent employees and 1,772 contractual workers.
Read on for the complete Rentomojo IPO details, including price band, lot size, listing timeline and the company’s financial track record.
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 9 to 11 September 2026 |
| Allotment | Tue, 15 September 2026 |
| Listing Date | Thu, 17 September 2026 (tentative) |
| Face Value | Rs 1 per share |
| Price Band | Rs 384 to Rs 404 |
| Lot Size | 37 Shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue cum Offer for Sale |
| Total Issue Size | 3,10,80,978 shares (agg. up to Rs 1,256 Cr) |
| Fresh Issue | 37,15,449 shares (agg. up to Rs 150 Cr) |
| Offer for Sale | 2,73,65,529 shares (agg. up to Rs 1,106 Cr) |
| Investor Reservation | QIB: not more than 50%; Retail: not less than 35%; NII (HNI): not less than 15% of the net offer |
| Shareholding Pre-Issue | 10,13,91,096 shares |
| Shareholding Post-Issue | 10,51,06,545 shares |
| Listing Exchange | BSE, NSE |
(Compiled from the RHP/DRHP and market updates)
Industry Context
- India’s furniture and appliance rental and subscription market is a relatively young but fast growing segment of the broader consumer durables and rental economy, driven by rising urban mobility, a large population of young professionals and students who relocate frequently, and increasing comfort with asset-light, pay-as-you-use consumption.
- Growth in India’s rental office and co-living spaces, along with high urban housing rental turnover, supports steady demand for furniture and appliance rental as an alternative to large upfront purchases.
- Full-stack rental platforms that manage the entire asset lifecycle, including refurbishment and redeployment across multiple rental cycles, can improve capital efficiency compared with simple one-time-use rental models.
- The sector sits at the intersection of e-commerce, subscription services and re-commerce (resale and refurbishment of used goods), all of which have seen rising consumer and investor interest in India over the past several years.
- Private-label manufacturing partnerships, such as Rentomojo’s tie-up with Dixon Technologies for refrigerators and washing machines, reflect a broader trend of rental platforms integrating backward into product sourcing to control cost and quality.
Business Strengths
Here are the key strengths investors evaluating the Rentomojo IPO should weigh:
- The company has been consistently profitable as a D2C player since Fiscal 2023, with a large subscriber base and an extensive product portfolio spanning furniture, appliances and electronics.
- It is backed by marquee institutional investors and has an established sponsorship base, alongside predictable, recurring subscription revenues and a high return on capital employed.
- Its omni-channel model, combining an online platform with 82 experience stores, and its full-stack asset-lifecycle management supporting multiple redeployment cycles, are described by the company as core differentiators in the Rentomojo IPO.
- Strong FY26 growth behind the Rentomojo IPO, with revenue up 45 percent and profit after tax up 142 percent, alongside a sharp improvement in ROE to 43.51 percent from 26.67 percent a year earlier.
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Business Risks
Alongside these strengths, the Rentomojo IPO also carries the following business risks:
- The offer for sale within the Rentomojo IPO accounts for Rs 1,105.57 crore of the Rs 1,255.57 crore issue, nearly 88 percent, so the large majority of proceeds go to the promoter and venture investors rather than the company.
- At the upper price band, the post-issue P/E works out to around 40.73 times and the price-to-book value to about 14.10 times, a demanding valuation for a still-scaling rental business.
- The company’s fleet of rental assets requires ongoing capital expenditure for procurement, refurbishment and replacement, and its business depends on maintaining high occupancy and low delinquency across a large, geographically spread asset base.
- The rental and subscription model remains relatively new in India, so demand patterns, customer retention and default rates could behave differently than expected as the business continues to scale into new cities and product categories.
Financial Performance
The Rentomojo IPO comes after a sharp improvement in financial performance. The company’s revenue increased by around 45 percent and profit after tax rose by around 142 percent between the year ended 31 March 2025 and 31 March 2026.
Rentomojo Ltd. – Financials (Rs in Lakh)
| Particulars | Fiscal 2026 | Fiscal 2025 | Fiscal 2024 |
|---|---|---|---|
| Revenue from Operations | 39,409.00 | 27,196.00 | 19,580.00 |
| EBITDA | 16,346.00 | 11,844.00 | 7,815.00 |
| EBITDA Margin (%) | 41.48% | 43.55% | 39.91% (computed) |
| Profit After Tax (PAT) | 10,430.00 | 4,311.00 | 2,241.00 |
| Debt-to-Equity Ratio | 0.63 | 0.84 | 1.05 (computed) |
| Return on Capital Employed (ROCE) (%) | 25.34% | 25.14% | Not separately disclosed |
| Return on Equity (ROE) (%) | 43.51% | 26.67% | Not separately disclosed |
Amounts in Rs Lakh unless stated otherwise, compiled from the Rentomojo IPO RHP. FY2024 EBITDA margin and debt-to-equity are computed from disclosed absolute figures. ROCE and ROE for FY2024 were not separately disclosed in the available RHP data.
Key Ratios and Metrics
The table below summarises the key ratios and metrics relevant to the Rentomojo IPO as of the latest reported period.
These ratios offer a quick snapshot of how the Rentomojo IPO is priced relative to the company’s profitability and net worth.
| KPI (Mar 31, 2026) | Value |
|---|---|
| Return on Equity (ROE) | 43.51% |
| Return on Capital Employed (ROCE) | 25.34% |
| Debt-to-Equity Ratio | 0.63 |
| Return on Net Worth (RoNW) | 43.51% |
| PAT Margin | 26.95% |
| EBITDA Margin | 41.48% |
| Net Asset Value (NAV per share) | Rs 28.65 |
| Price to Book Value | 14.10 |
Objects of the Offer
The company proposes to utilise the net proceeds from the Rentomojo IPO towards the following objects.
- Repayment or prepayment, in full or in part, of certain outstanding borrowings and accrued interest availed by the company (Rs 70.00 Cr)
- Payment of lease rental or licence fees for warehouses and experience stores (Rs 42.50 Cr)
- General corporate purposes
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Conclusion
Here is the bottom line on the Rentomojo IPO.
The Rentomojo IPO reflects a leading, consistently profitable furniture and appliance rental platform with a large and growing subscriber base, an integrated asset-lifecycle model, and strong FY26 growth in both revenue and profit.
However, the very large offer for sale component, a demanding post-issue valuation, and the capital-intensive nature of maintaining a large rental asset fleet are factors that could affect the investment case for the Rentomojo IPO.
Overall, investors weighing the Rentomojo IPO should evaluate the company’s business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.
FAQs
What are the Rentomojo IPO dates, and when will the shares list?
Ans. The Rentomojo IPO opens for subscription on 9 September 2026 and closes on 11 September 2026, with the anchor investor bidding date falling on 8 September 2026. The allotment is expected to be finalised on 15 September 2026, refunds and credit of shares are expected by 16 September 2026, and the shares are tentatively scheduled to list on both BSE and NSE around 17 September 2026. As with any IPO, these dates are provisional and can shift slightly depending on the regulatory and exchange process.
What is the Rentomojo IPO price band and how much do I need to invest?
Ans. The price band for the Rentomojo IPO is set at Rs 384 to Rs 404 per equity share, with a lot size of 37 shares. This means retail investors must apply for a minimum of one lot (37 shares), which works out to Rs 14,948 at the upper end of the band. Retail investors can apply for up to 13 lots (481 shares, Rs 1,94,324), while small and big HNI categories have their own minimum lot requirements starting from 14 lots (518 shares, Rs 2,09,272).
What does Rentomojo Limited actually do?
Ans. Rentomojo is a technology driven, direct-to-consumer platform that lets Indian consumers rent, rather than buy, furniture and home appliances such as beds, sofas, wardrobes, washing machines, refrigerators, televisions and water purifiers. Customers can rent, return, upgrade or relocate products on flexible subscription plans instead of making large upfront purchases or committing to long-term ownership. The company manages the entire asset lifecycle in-house, from product design and procurement through refurbishment, servicing and reverse logistics, so that the same furniture or appliance can be redeployed across multiple rental cycles.
How large is Rentomojo’s business as of the IPO?
Ans. As of 31 March 2026, Rentomojo had 2,53,825 live subscribers across 29 Indian cities and a portfolio of 8,51,184 live rental items. It operates an omni-channel model combining its online ordering platform with 82 physical experience stores, supported by a network of 20 warehouses covering roughly 5,38,933 square feet of warehousing space. The company reported an average delivery turnaround time of 2.35 days and an asset occupancy rate of 83.34 percent in Fiscal 2026, and employed 835 permanent staff plus 1,772 contractual workers as of the same date.
How will Rentomojo use the money raised from the fresh issue?
Ans. Rentomojo’s fresh issue is set to raise Rs 150 crore, and the company plans to use around Rs 70 crore of the net proceeds to repay or prepay certain outstanding borrowings and the accrued interest on them, which should help lower its future interest costs. A further Rs 42.5 crore is earmarked for paying lease rental or licence fees for the company’s warehouses and experience stores, supporting its physical distribution footprint. The remaining amount is set aside for general corporate purposes such as day-to-day working capital and operational needs.
What are the key strengths highlighted for the Rentomojo IPO?
Ans. Rentomojo has been profitable as a direct-to-consumer business since Fiscal 2023, which is relatively rare among consumer internet platforms of its scale in India, and it combines a large, growing subscriber base with an extensive product portfolio across furniture and appliances. The company is backed by marquee institutional and venture investors and generates predictable, recurring subscription revenue, which supported a high return on capital employed and a sharp jump in return on equity to 43.51 percent in FY26 from 26.67 percent in FY25. Its omni-channel presence, combining online ordering with 82 experience stores, and its full-stack asset-lifecycle management model that allows the same items to be redeployed across multiple rental cycles, are cited by the company as core competitive advantages.
What are the main risks or concerns flagged for the Rentomojo IPO?
Ans. The most significant structural concern is that the offer for sale makes up nearly 88 percent of the total issue size, meaning almost all of the Rs 1,255.57 crore raised will go to the promoter and a long list of venture capital and other selling shareholders rather than into the business itself. At the upper price band, the post-issue valuation works out to a P/E of around 40.73 times and a price-to-book multiple of about 14.10 times, which is a fairly rich valuation for a business that, while profitable, is still expanding its city and category footprint. In addition, the rental model is capital intensive, requiring continuous investment in procuring, refurbishing and replacing furniture and appliances, and its success depends on sustaining high occupancy rates and low delinquency as it scales into newer markets where consumer rental habits may be less established.
Who are the lead managers and registrar for the Rentomojo IPO?
Ans. Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd. and IIFL Capital Services Ltd. are jointly acting as the book-running lead managers for the Rentomojo IPO, responsible for structuring the offer, coordinating with regulators and managing the bidding process. Kfin Technologies Ltd. is the registrar to the issue, and will handle the allotment process, investor queries about application status, and the eventual credit of shares to successful applicants’ demat accounts.
What happens to Rentomojo’s shareholding pattern after the IPO?
Ans. Before the Rentomojo IPO, promoter Geetansh Bamania held around 21.49 percent of the company, with public shareholders, including a wide base of venture capital investors, holding the remaining 78.51 percent. After the issue, promoter holding is expected to dip slightly to around 19.94 percent, while public shareholding rises marginally to 80.06 percent, reflecting both the new shares issued in the fresh issue and the shares sold by the promoter and various venture investors through the offer for sale.
Is the Rentomojo IPO a good investment?
Ans. Rentomojo offers exposure to a profitable, fast-growing consumer rental platform with strong FY26 revenue and profit growth and improving return ratios, which are genuine positives for long-term investors interested in India’s rental and subscription economy. At the same time, the very large offer for sale component, the rich post-issue valuation multiples, and the capital intensity of maintaining a large rental asset base are meaningful considerations that go against a purely favourable reading of the issue. Investors should weigh these factors against their own risk appetite, study the RHP in detail, and ideally track subscription demand and broader market sentiment before deciding whether to apply.