Rentomojo IPO Opens September 9: Check Rs. 404 Cap Price, Rs. 33 GMP and Key Listing Details

Rentomojo IPO Opens September 9: Check Rs. 404 Cap Price, Rs. 33 GMP and Key Listing Details

Rentomojo is heading to the public markets with a ₹1,255.57 crore IPO, giving investors their first opportunity to participate in one of India’s better-known furniture and appliance rental platforms.

The Bengaluru-based, Accel-backed company has fixed the Rentomojo IPO price band at ₹384 to ₹404 per share. The issue opens for subscription on September 9 and closes on September 11, 2026.

But there is already a key signal catching investors’ attention: the Rentomojo IPO GMP stands at ₹33, indicating an estimated listing price of ₹437 at the upper price band. That translates into an indicative gain of about 8.17% over the ₹404 issue price.

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Rentomojo IPO price band and lot size explained

The Rentomojo IPO price band has been fixed at ₹384–404 per share, with a lot size of 37 shares.

At the upper price band, a retail investor would need to invest ₹14,948 for one lot.

The IPO is a book-building issue comprising 3,10,80,978 shares. The fresh issue consists of 37,15,449 shares, while the OFS comprises 2,73,65,529 shares.

Motilal Oswal Investment Advisors is the book-running lead manager, while Kfin Technologies is the registrar.

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Allocation of Fresh Issue Capital (₹150 Cr)

Rentomojo IPO Details

Rentomojo’s strong profit growth gives investors another reason to watch

Rentomojo enters the IPO market after reporting significant growth in both revenue and profit.

For the year ended March 31, 2026, the company’s profit increased 142% to ₹104 crore, while revenue climbed 45.5% to ₹387 crore.

That combination of strong revenue growth and sharp profit expansion could be an important factor for investors assessing the IPO valuation.

The company has also been profitable since Fiscal 2023, according to the information provided in its IPO details.

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Rentomojo IPO Timetable

Rentomojo IPO GMP signals early market interest

The Rentomojo IPO GMP was ₹33 on September 4, based on the supplied latest update.

At the ₹404 upper price band, this points to an estimated listing price of ₹437 and an indicative gain of 8.17%.

The GMP has only recently started trading, with limited historical data available. Therefore, investors should avoid assuming that the current premium will remain unchanged until the September 17 listing.

Rentomojo IPO GMP Table

The supplied source reports only one GMP observation so far, so the table should not be expanded with unsupported historical values.

GMP: ₹33
Estimated listing price: ₹437
Expected gain: 8.17%
Last updated: September 4, 2026, 11:00 AM.

Important: GMP is an unofficial/grey-market indicator and does not guarantee the actual listing price.

A recurring rental model sets Rentomojo apart

Rentomojo operates a subscription-based platform covering furniture, appliances and other household products.

Its portfolio includes beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers.

As of March 31, 2026, Rentomojo had 253,825 live subscribers across 29 Indian cities and 851,184 live items.

The company also operates 82 experience stores and 20 warehouses with a combined area of 538,933 square feet.

Its integrated model covers procurement, product design, refurbishment, servicing, logistics and redeployment. This allows products to be used across multiple rental cycles.

What the Rentomojo IPO means for investors

The IPO offers investors exposure to a business positioned at the intersection of e-commerce, subscription and re-commerce.

The recurring subscription model is one of Rentomojo’s key attractions. Its 83.34% occupancy rate during Fiscal 2026 also highlights the utilisation of its rental assets.

However, investors should look beyond the GMP before making a decision. The large OFS component means most of the IPO proceeds will go to selling shareholders rather than directly into the company’s operations.

The fresh issue of ₹150 crore is planned for purposes including debt repayment and payments related to warehouse and experience-store rentals and licences.

Here’s what happened today and why traders reacted

Rentomojo has announced the price band for its upcoming IPO as the company prepares to raise money through a combination of fresh shares and an offer for sale (OFS).

The total issue size is ₹1,255.57 crore. Of this, the company will raise ₹150 crore through a fresh issue, while existing shareholders, including Accel and founder, will sell shares worth about ₹1,105.57 crore.

The IPO will be listed on both the NSE and BSE, with the tentative listing date set for September 17.

For investors, the relatively strong GMP is an early indicator of market interest. However, GMP is an unofficial market indicator and should not be treated as a guarantee of the actual listing price.

Rentomojo IPO dates investors should remember

The Rentomojo IPO opens on September 9 and closes on September 11, 2026. Anchor investors can bid on September 8.

The tentative allotment date is September 15, followed by refunds and credit of shares on September 16. The company is scheduled to list on September 17 on the NSE and BSE.

For traders, the immediate focus will likely remain on subscription levels, GMP movement and valuation. For longer-term investors, profitability, subscriber growth, asset utilisation and the company’s ability to maintain recurring revenue will be more important.

The Rentomojo IPO therefore arrives with strong headline growth, a growing subscriber base and an early GMP premium—but investors will need to decide whether those positives justify the valuation at ₹404 per share.