Rentomojo’s Rs.1,255.57 cr. IPO received strong initial demand after being fully subscribed on the first day of bidding on September 9.
The furniture and appliance rental company’s issue received bids for around 2.21 crore shares against 2.18 crore shares on offer. Non-institutional and retail investors showed particular interest during the opening session.
Rentomojo operates a subscription-based rental model and has more than 100 stores across various Indian cities. For FY26, the company reported revenue of approximately Rs.387 cr., up 45.5% YoY, while profit increased 142% to around Rs.104 cr. The IPO is scheduled to close on September 11, with trading expected to begin on September 17.
