Rentomojo Limited is set to launch its Initial Public Offering (IPO) in September 2026. The company has fixed the Rentomojo IPO price band at ₹384 to ₹404 per equity share. The IPO will open for subscription on Wednesday, September 9, 2026, and close on Friday, September 11, 2026. The Anchor Investor bidding period will take place on Tuesday, September 8, 2026.
Investors can bid for a minimum of 37 equity shares, with bids thereafter available in multiples of 37 shares. At the upper price band of ₹404, the minimum application amount would be ₹14,948.
Rentomojo IPO Issue Size
The Rentomojo IPO comprises a fresh issue of equity shares aggregating up to ₹150 crore and an Offer for Sale (OFS) of up to 27,365,529 equity shares. The face value of each equity share is ₹1.
The proceeds from the fresh issue are proposed to be used for several corporate purposes. These include the repayment or prepayment, either fully or partly, of certain outstanding borrowings and accrued interest. The company also plans to use part of the proceeds for payment of lease rentals or licence fees for its warehouses and experience stores.
The remaining proceeds will be used for general corporate purposes.
Rentomojo IPO Listing and Lead Managers
The equity shares offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges, with NSE designated as the stock exchange for the offer.
Motilal Oswal Investment Advisors Limited, Axis Capital Limited and IIFL Capital Services Limited, formerly known as IIFL Securities Limited, are the book-running lead managers for the IPO.
Rentomojo IPO Reservation and Bidding
The IPO will be conducted through the book-building process in accordance with applicable SEBI regulations. Not more than 50% of the Net Offer will be available for allocation to Qualified Institutional Buyers (QIBs). The company may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, subject to applicable regulations.
Not less than 15% of the Net Offer will be available for allocation to Non-Institutional Bidders (NIBs), while not less than 35% will be available for Retail Individual Bidders (RIBs). Eligible employees will also have an Employee Reservation Portion, subject to valid bids.
All bidders, except Anchor Investors, must participate through the ASBA process. Investors using the UPI mechanism will also need to provide their UPI ID, with the applicable bid amount blocked in their account during the IPO process.
Rentomojo IPO: Important Dates
- Anchor Investor Bidding: September 8, 2026
- IPO Opens: September 9, 2026
- IPO Closes: September 11, 2026
- Price Band: ₹384–₹404 per share
- Minimum Bid Lot: 37 shares
- Fresh Issue: Up to ₹150 crore
- Offer for Sale: Up to 27,365,529 shares
- Face Value: ₹1 per share
Investors should carefully read the Red Herring Prospectus, particularly the section on Risk Factors, before making any investment decision. The IPO remains subject to requisite approvals, market conditions and other applicable considerations.
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