Updated September 5, 2026: The RentoMojo IPO will open September 9 and close September 11 at a price band of ₹384–₹404 per share. At the upper band, the offer is worth about ₹1,255.6 crore: ₹150 crore of fresh capital and an offer for sale of up to 27,365,529 shares worth about ₹1,105.6 crore.
This is the next stage of the IPO first covered here after SEBI issued observations in July. The September red herring prospectus updates the seller list, FY26 financials, footprint and timetable, so this report has been revised in place instead of duplicated.
RentoMojo IPO dates, price and offer structure
| Item | Updated detail |
|---|---|
| Anchor bidding | September 8, 2026 |
| Public bidding | September 9–11, 2026 |
| Price band | ₹384–₹404 per share |
| Fresh issue | Up to ₹150 crore |
| Offer for sale | Up to 27,365,529 shares |
| Upper-band offer value | About ₹1,255.6 crore |
The RHP is authoritative for the fresh issue, OFS share count, seller acquisition costs, financials and dates. Its price fields remain placeholders because the band was announced separately. The ₹384–₹404 range is therefore attributed to later price-band reporting.
Why 152x and 8.63x are not conflicting
The two return multiples refer to different sellers. Entrackr calculates that Nazara founder Nitish Mittersain could realise about 152 times his disclosed acquisition cost on the shares he is selling, using the ₹404 upper band. Accel India’s corresponding multiple is about 8.63 times because its RHP-disclosed weighted average acquisition cost is ₹46.79 per share.
Both figures are gross price-to-cost multiples before tax and expenses, not guaranteed fund-level returns. The upper offer price is the same, but each seller’s acquisition cost is different. Neither becomes a realised return until shares are sold and settlement occurs.
FY26 performance needs context
Operating revenue rose to ₹387 crore from ₹266 crore, while profit after tax increased to ₹104.3 crore from ₹43.1 crore. Live subscribers reached 253,825 across 29 cities, supported by 82 experience stores and 20 warehouses as of March 31, 2026.
ET reported that FY26 profit included a one-time deferred-tax credit of ₹36.6 crore. Readers should not treat the full profit increase as recurring operating improvement.
September update sources
Related Lapaas Voice coverage: Zerodha’s merchant-banking entry and Coal India’s IPO pipeline.
RentoMojo IPO FAQs
When does the IPO open?
Public bidding is scheduled for September 9–11, after anchor bidding on September 8.
How large is the fresh issue?
RentoMojo plans to raise up to ₹150 crore. The larger remaining portion is an OFS by existing shareholders.
1. Structure of the Public Offering
According to the company’s Draft Red Herring Prospectus (DRHP), the IPO is structured as a mix of fresh equity and an exit window for early investors:
- Fresh Issue Component: Rentomojo plans to raise ₹150 crore through the issuance of fresh equity shares.
- Offer for Sale (OFS) Component: Alongside the fresh capital, existing shareholders will offload up to 2.74 crore (27,365,529) equity shares via the secondary market route.
- Major Selling Shareholders: The institutional exit pool is led by early venture backers including Accel (the company’s largest shareholder with an approximate 21% stake, looking to sell up to 7.8 million shares), Chiratae Ventures, Edelweiss Discovery Fund, ValueQuest, Madison India Capital, and Japan’s GMO Internet Group.
- Promoter Participation: Founder and promoter Geetansh Bamania, who retains a 14.7% holding in the company, will also partially liquidate up to 2 million shares through the OFS window.
2. Allocation of IPO Funds
Rentomojo has explicitly outlined that the ₹150 crore generated from the fresh issue will be utilized to strengthen its corporate balance sheet and optimize retail operations:
- Debt Reduction: Prepaying or repaying a designated portion of the company’s outstanding borrowings and accrued interest.
- Omnichannel Expansion: Clearing lease rentals and license fees required to maintain and scale its network of experience stores and regional fulfillment warehouses.
- Corporate Reserves: The remaining fresh cash will be directed toward general corporate requirements.
3. Financial Performance & Market Share
Unlike many early-stage consumer-internet startups hitting the public markets, Rentomojo enters the IPO pipeline backed by stable, profitable operations. The company operates an asset-lifecycle rental ecosystem that handles sourcing, maintenance, refurbishment, and multi-cycle redeployment of products.
| Financial Metric | Six Months Ended Sept 30, 2025 | Full Fiscal Year 2024–25 (FY25) |
| Operating Revenue | ₹176.61 crore | ₹265.96 crore (Up 38% YoY) |
| Profit After Tax (PAT) | ₹61.38 crore | ₹43.11 crore (Up from ₹22.41 crore) |
| EBITDA Margin | 41.02% | 43.55% |
Citing industrial data from a Redseer report, Rentomojo commands a dominant 42% to 47% market share of India’s organized home furniture and appliances rental sector (excluding water purifiers) based on active subscription revenues. As of late 2025, the platform manages 2,27,511 live subscribers across 22 Indian cities, supported by a physical architecture of 67 experience stores and 21 central warehouses.
4. Past Legal Hurdles & Advisory Lineup
The regulatory green light from SEBI comes only a few months after Rentomojo successfully navigated internal corporate friction. In March, former co-founder Ajay Nain had approached the Bengaluru bench of the National Company Law Tribunal (NCLT) in an attempt to halt the proposed IPO proceedings. SEBI observations allowed the offer process to advance, but they are not a merits endorsement and do not resolve every private dispute. The RHP says SEBI neither recommends nor approves the shares and does not guarantee the document’s accuracy.
The book-running lead managers appointed to manage the syndicated book-building process are Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services, while KFin Technologies will serve as the registrar. The equity shares are slated for a mainboard listing on both the BSE and NSE, with a ₹384–₹404 price band and public bidding scheduled for September 9–11, 2026.
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