Rentomojo to Launch ₹1,256-Crore IPO on September 9
Rentomojo IPO to Open September 9; Fresh Issue Pegged at ₹150 Crore
Bilkul Bazaar
Rentomojo Limited, the Bengaluru-based rental platform for furniture and appliances, will open its initial public offering (IPO) on September 9, 2026, with the price band fixed at ₹384 to ₹404 per equity share. The issue will close on September 11, while anchor investor bidding is scheduled for September 8.
The IPO comprises a fresh issue of ₹150 crore and an Offer for Sale of up to 2.74 crore equity shares. At the upper price band, the total offer size is expected to be around ₹1,255.57 crore.
Investors can bid for a minimum of 37 shares, and in multiples of 37 thereafter. At the upper price band, the minimum investment would be ₹14,948.
Rental Platform Expands Its Public-Market Ambitions
Rentomojo operates a rental platform offering furniture, appliances and other products to customers. The company plans to use the net proceeds from the fresh issue primarily towards repayment or prepayment of certain borrowings, payment of lease rentals/licence fees for warehouses and experience stores, and general corporate purposes.
The company has proposed to list its equity shares on the BSE and NSE, with NSE designated as the stock exchange for the IPO. Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services are the book-running lead managers.
IPO Timeline
- Anchor Investor Bidding: September 8, 2026
- IPO Opens: September 9, 2026
- IPO Closes: September 11, 2026
- Allotment: September 15, 2026
- Listing: September 17, 2026
With the IPO, Rentomojo is bringing its asset-rental business to the public markets, while a substantial portion of the offer is being raised through the OFS route.
Disclaimer: This article is for information purpose only and is not investment advice. Please read the IPO documents carefully before investing.
Kindly Like the shared link and Subscribe our channel. https://youtu.be/3bXI73f_U88 https://youtube.com/shorts/fzk4kcTGjBY?feature=share