Rentomojo IPO Day 2: GMP ₹140 (+₹15)

Welcome back, savvy investors! It’s the second day of the Rentomojo IPO subscription period, and things are still in their early stages. As of today, the IPO, which opened its doors on September 9th, 2026, and is set to close on September 11th, 2026, is yet to see significant movement across the board. The issue price remains steady at ₹404 per share, and we’re keeping a close eye on how demand builds up over these crucial days.

Subscription Status

Let’s dive into the subscription numbers, or rather, the current lack thereof. On Day 2, we’re seeing 0x subscription across all categories: Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). This might seem a little concerning at first glance, but it’s not entirely unusual for the initial days of a mainboard IPO, especially on the NSE. Often, the bulk of the subscription activity happens towards the last day or two. For Retail investors, who can apply for shares in lots of 37, this quiet start doesn’t necessarily mean a lack of interest; it could simply mean they’re waiting for more clarity or are planning their investments strategically. Similarly, the zero subscription from NII and QIBs suggests they’re likely evaluating the offer and will likely jump in as the closing date approaches. The bottom line is, it’s too early to make any definitive judgments based on these numbers alone.

GMP Update

Now, let’s talk Grey Market Premium (GMP). This is where we see some positive momentum! The current GMP for Rentomojo stands at a healthy ₹140. This is a notable increase from yesterday’s GMP of ₹125, marking a jump of ₹15. This upward trend in GMP is generally a good sign, indicating that the market sentiment towards Rentomojo is strengthening. If this GMP holds or even increases further, it suggests that investors are anticipating a strong listing. Based on the issue price of ₹404 and the current GMP of ₹140, the expected listing price is hovering around ₹544 (₹404 + ₹140). This potential gain of around 34% is certainly attractive and could be a significant factor in drawing in more investors as the IPO progresses.

Should You Apply?

So, the million-dollar question: should you be applying for the Rentomojo IPO? It’s a balanced picture right now. On one hand, the subscription numbers are dormant, which could concern some, especially those who like to see immediate action. However, this is quite common for mainboard IPOs, and the lack of subscription on Day 2 doesn’t automatically translate to a poor listing. On the other hand, the steadily increasing GMP is a strong positive indicator. It shows that the grey market is valuing Rentomojo higher than its issue price, and that’s a sentiment you can’t ignore. Remember, SEBI registered advisors often suggest looking at both the fundamentals of the company and market sentiment. Rentomojo operates in the rapidly growing rental and subscription-based economy, which is a promising sector. That said, it’s crucial to do your own research and understand the risks involved. Always consult with a SEBI registered investment advisor before making any investment decisions. For more in-depth analysis and all the latest updates, you can View Full Rentomojo IPO Details.