Rentomojo IPO allotment is all set to be finalised today, 15 September. The mainboard IPO opened for bidding on 9 September and closed on 11 September.
The IPO received a strong response from investors, with the issue being subscribed 72.88 times on the third and final day of bidding. Qualified Institutional Buyers (QIBs) led the demand, with their portion subscribed 177.29 times, while the Non-Institutional Investors (NIIs) category was subscribed 67.93 times. The Retail Individual Investors (RIIs) portion also saw healthy interest, receiving 15.59 times subscription.
Rentomojo IPO GMP today
The shares of Rentomojo IPO is commanding a strong premium in the grey market ahead of allotment. The GMP of Rentomojo IPO is ₹158, according to Investorgain.
The estimated listing price of Rentomojo IPO is likely to be ₹562, which is 39.11% higher than the IPO price of ₹404.
Rentomojo IPO details
The ₹1,255.57 crore Rentomojo IPO set its price band at ₹384– ₹404 per equity share. The issue opened for subscription on September 9 and closed on September 11.
The public issue consists of a combination of a fresh issue and an offer for sale (OFS). The fresh issue comprises 37.15 lakh equity shares worth ₹150 crore, while the OFS includes 2.73 crore shares valued at ₹1,105.57 crore.
The allotment of Rentomojo IPO shares is expected to be finalised on September 15, after the bidding process concludes. The company’s shares are proposed to be listed on both the NSE and BSE, with September 17, 2026, as the tentative listing date.
The IPO proceeds will be deployed for multiple corporate requirements. The company plans to use a portion of the funds to repay or prepay, either fully or partially, certain outstanding borrowings, including accrued interest. Some of the proceeds will also be used towards lease rentals and licence fees for its warehouses and experience stores, while the balance will be allocated towards general corporate purposes.
Motilal Oswal Investment Advisors Ltd. is the book-running lead manager for the IPO, while Kfin Technologies Ltd. is acting as the registrar to the issue.
Rentomojo is an India-based direct-to-consumer rental and subscription platform that provides customers with flexible access to furniture and appliances without the need to bear the upfront cost of ownership.
How to check allotment status of Rentomojo IPO on BSE, NSE and registrar’s website?
Applicants can check the Rentomojo IPO allotment status on the official websites of BSE, NSE and KFin Technologies, the registrar to the issue.
After the allotment is finalised, refunds for unsuccessful applicants are expected to be initiated on September 16, while shares allotted to successful investors are likely to be credited to their Demat accounts on the same day.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
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