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The Rentomojo IPO has opened for subscription today, September 9, 2026, attracting strong attention from investors as its shares continue to command a premium in the grey market. The Bengaluru-based furniture and appliance rental company is looking to raise ₹1,255.57 crore through its initial public offering.
Key Headlines
- Rentomojo IPO opens on September 9.
- IPO closes on September 11.
- Price band fixed at ₹384–₹404 per share.
- Latest GMP is around ₹134 per share.
- Indicative listing price is approximately ₹538.
- Potential gain based on GMP is around 33%.
- Minimum retail investment is ₹14,948.
- Shares are expected to list on September 17.
The latest grey market premium is being reported at around ₹134 per share, based on the upper IPO price of ₹404. That indicates an estimated listing price of approximately ₹538 if the grey-market premium were to hold until listing. The implied premium is about 33.17%.
However, investors should remember that GMP is an unofficial market indicator. It is not regulated by stock exchanges and does not guarantee the actual listing price. The premium can change considerably depending on investor sentiment and broader market conditions.
Rentomojo IPO Price and Lot Size
The company has fixed the IPO price band between ₹384 and ₹404 per equity share. A retail investor must apply for at least one lot consisting of 37 shares. At the upper price band, one lot requires an investment of ₹14,948.
The ₹1,255.57-crore issue includes a fresh issue worth ₹150 crore and an offer for sale of approximately ₹1,105.57 crore. Existing investors are selling a significant portion of their holdings through the offer-for-sale component.
Company Financial Performance
Rentomojo has reported strong improvement in profitability. Its FY26 net profit rose to approximately ₹104 crore, compared with ₹43.1 crore in FY25, while revenue increased significantly during the same period.
The company operates a technology-led rental and subscription platform covering furniture and household appliances. Its business model allows customers to rent products rather than purchasing them outright, making it particularly relevant to consumers seeking flexible household solutions.
IPO Timeline
The public issue will remain open until September 11. The basis of allotment is expected to be finalised on September 15, while shares and refunds are expected to be processed on September 16. The company is scheduled to list on the NSE and BSE on September 17.
With GMP currently indicating a sizeable potential listing premium, Rentomojo has become one of the closely watched IPOs in India’s busy September primary-market calendar. Still, investors should evaluate the company’s financials, valuation, business risks and long-term prospects rather than relying solely on GMP.
