Rentomojo IPO GMP Today, Price & Details
Rentomojo IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Rentomojo
Rentomojo is poised to enter the Mainboard segment of the NSE with its Initial Public Offering, operating in the burgeoning online rental and subscription services sector. The company facilitates the rental of a wide array of products, including furniture, appliances, electronics, and two-wheelers, catering to a diverse customer base seeking flexible and cost-effective solutions. This business model taps into the growing trend of asset-light living and the increasing preference for subscription-based consumption over outright ownership, particularly among urban millennials and Gen Z.
Financially, Rentomojo reported a revenue of ₹178.79 Cr and a Profit After Tax (PAT) of ₹61.38 Cr, translating to an Earnings Per Share (EPS) of ₹6.5. The IPO is structured with a significant portion dedicated to an Offer for Sale (OFS), amounting to ₹1105.57 Cr, alongside a fresh issue of ₹150 Cr. This indicates that a substantial part of the offering will involve existing shareholders divesting their stakes, while the fresh capital raised will be used to fuel the company's expansion and operational growth.
In terms of competitive positioning, Rentomojo operates in a dynamic market with evolving consumer preferences. The IPO proceeds are earmarked for strategic initiatives aimed at strengthening its market presence and enhancing its service offerings. The company's ability to leverage its platform for scalable growth and maintain customer loyalty will be key to its sustained success in this competitive landscape. The lead managers, including Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., and IIFL Capital Services Ltd., along with registrar Kfin Technologies Ltd., will oversee the IPO process.
Rentomojo IPO — Investment Analysis
The IPO is priced within a band of ₹384 to ₹404 per share, with a face value of ₹1. The company has reported an EPS of ₹6.5, and at the upper end of the price band, the P/E ratio stands at approximately 40.73x. This valuation suggests that the market is pricing in significant future growth, as it's on the higher side compared to many established players. Investors will need to assess whether the company's growth prospects justify this premium valuation. The price band allows for a minimum investment of 37 shares, translating to a minimum investment of ₹14,948 at the upper price limit.
Financially, Rentomojo has demonstrated a revenue of ₹178.79 Cr and a PAT of ₹61.38 Cr. This indicates a healthy profit margin. While specific EBITDA figures and return ratios like Return on Net Worth (RONW) and Return on Capital Employed (ROCE) are not detailed in the provided data, the PAT to revenue suggests a strong operational efficiency. The company's ability to consistently grow its revenue while maintaining these profit levels will be crucial for its long-term financial health.
The growth outlook for Rentomojo appears promising, driven by the increasing adoption of rental and subscription models in India. The company is well-positioned to capitalize on this trend. However, key risks include the substantial OFS component of ₹1105.57 Cr, which might indicate some selling pressure or a desire for liquidity among existing investors. Furthermore, the competitive intensity in the rental and subscription space, along with potential regulatory changes impacting the SME sector, could pose challenges. The reliance on technology and efficient logistics also presents operational risks.
Subscription levels for this IPO will be a key indicator of market sentiment. High subscription from Qualified Institutional Buyers (QIBs) and High Net-worth Individuals (HNIs) would signal strong institutional confidence, while robust retail participation would suggest broader investor appeal. Conversely, muted subscriptions across all categories might indicate investor caution regarding the valuation or the company's future prospects. The overall subscription trend will provide insights into the demand-supply dynamics and potential listing performance. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Rentomojo IPO — Pros & Cons
Strengths
- The company has reported a healthy PAT of ₹61.38 Cr on revenues of ₹178.79 Cr, showcasing strong profitability. This indicates efficient operations and a robust business model that can generate substantial profits from its revenue streams, which is attractive for investors seeking profitability.
- Rentomojo operates in the rapidly growing online rental and subscription services sector, a market segment that is experiencing significant tailwinds from changing consumer preferences towards asset-light ownership. This positions the company to benefit from secular growth trends in the Indian economy.
- The IPO includes a fresh issue component of ₹150 Cr, which will be utilized for business expansion and operational enhancements. This infusion of capital can fuel future growth initiatives, potentially leading to increased market share and revenue growth.
- The company has a reported EPS of ₹6.5, which, when considered with the price band, offers a concrete metric for evaluating its earnings power on a per-share basis. This allows investors to compare its profitability against its market valuation.
- The IPO is being managed by reputable lead managers, including Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., and IIFL Capital Services Ltd., along with registrar Kfin Technologies Ltd. This professional oversight suggests a well-structured offering and adherence to regulatory standards, which can instill investor confidence.
Risks
- The IPO features a significant Offer for Sale (OFS) component of ₹1105.57 Cr, which is considerably larger than the fresh issue of ₹150 Cr. This could suggest that a substantial number of existing investors are looking to exit, potentially leading to increased selling pressure post-listing.
- The P/E ratio, calculated at approximately 40.73x based on the upper price band and the reported EPS of ₹6.5, appears to be on the higher side. This valuation might indicate that the IPO is priced expensively, leaving less room for significant upside and potentially increasing the risk of a price correction.
- While the company has reported PAT, detailed financial metrics such as EBITDA, RONW, and ROCE are not explicitly provided in the data. This lack of comprehensive financial disclosure makes it challenging for investors to conduct a thorough analysis of the company's overall financial health and efficiency.
- The online rental and subscription sector, while growing, is highly competitive. Rentomojo faces competition from various players, and maintaining a competitive edge and customer loyalty in such a dynamic market could be a significant challenge going forward.
- The company's business model relies heavily on technology and efficient logistics for its operations. Any disruptions in these areas, such as technical glitches or supply chain issues, could adversely affect its service delivery and, consequently, its financial performance and investor sentiment.
Rentomojo IPO Details
| Company Name | Rentomojo |
|---|---|
| IPO Type | MAINBOARD |
| Exchange | NSE |
| Price Band | ₹384 - ₹404 |
| Face Value | ₹1 per share |
| Lot Size | 37 shares |
| Min Investment | ₹14,948 |
| Total Issue Size | ₹1,256.00 Cr |
|---|---|
| Fresh Issue | ₹150.00 Cr |
| Offer for Sale | ₹1,105.57 Cr |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., IIFL Capital Services Ltd. |
| IPO Status | Open |
Rentomojo IPO Dates
Rentomojo IPO GMP Today
The Grey Market Premium (GMP) for Rentomojo IPO is ₹140, indicating an expected listing at ₹544 (+34.7% premium).
📈 Rentomojo GMP Trend (Last 4 Days)
| Date | GMP (₹) | Est. Listing (₹) | Sauda Rate (₹) | Change |
|---|---|---|---|---|
| 09 Sep 2026 | +₹140 | ₹544 | - | - |
| 08 Sep 2026 | +₹125 | ₹529 | - | ▼ ₹-15 |
| 07 Sep 2026 | +₹144 | ₹548 | - | ▲ +₹19 |
| 05 Sep 2026 | +₹164 | ₹568 | - | ▲ +₹20 |
Rentomojo IPO — Key Highlights
- Rentomojo has reported impressive financials with a Profit After Tax (PAT) of ₹61.38 Cr on revenues of ₹178.79 Cr.
- The IPO size is substantial at ₹1256 Cr, comprising a fresh issue of ₹150 Cr and an OFS of ₹1105.57 Cr.
- The company operates within the rapidly expanding online rental and subscription services sector in India.
- The price band for the IPO is set between ₹384 and ₹404 per share.
- The P/E ratio at the upper price band is approximately 40.73x, based on an EPS of ₹6.5.
Rentomojo Financial Performance
| Revenue | ₹178.79 Cr |
|---|---|
| PAT | ₹61.38 Cr |
| EPS | ₹6.50 |
Rentomojo IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹6.50 |
|---|---|
| P/E Ratio | 40.73x |
| Debt/Equity | 0.000 |
Return Metrics
Rentomojo IPO Reservation / Allocation
Rentomojo IPO Lead Manager & Registrar
Book Running Lead Manager
Motilal Oswal Investment Advisors Ltd., Axis Capital Ltd., IIFL Capital Services Ltd.
IPO Registrar
Kfin Technologies Ltd.
Rentomojo IPO — Frequently Asked Questions
What is Rentomojo IPO GMP today?
As of today, the Grey Market Premium (GMP) for Rentomojo IPO is ₹140 per share, indicating a potential listing premium of 34.7% above the issue price of ₹404.
What is the price band and lot size of Rentomojo IPO?
Rentomojo IPO has a price band of ₹384 to ₹404 per equity share with a face value of ₹1. The minimum lot size is 37 shares, requiring a minimum investment of ₹14,948 at the upper band.
What are the important dates for Rentomojo IPO?
Rentomojo IPO opens for subscription on 09 Sep 2026 and closes on 11 Sep 2026. Allotment is expected on 15 Sep 2026. The shares are expected to list on NSE on 17 Sep 2026.
What is the investor category allocation in Rentomojo IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 0.00%, Non-Institutional Investors (NII/HNI): 0.00%, and Retail Individual Investors: 50.00%.
How can I apply for Rentomojo IPO?
You can apply for Rentomojo IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Kfin Technologies Ltd..
What is Rentomojo IPO price band and lot size?
The Rentomojo IPO has a price band set between ₹384 and ₹404 per share. Each lot comprises 37 shares, meaning the minimum investment required at the upper price band is ₹14,948 (37 shares x ₹404). The face value of each share is ₹1.
Is Rentomojo IPO worth investing in?
Rentomojo operates in a promising growth sector with a reported PAT of ₹61.38 Cr. However, the IPO's P/E ratio of approximately 40.73x at the upper band suggests a premium valuation, and the substantial OFS component of ₹1105.57 Cr warrants careful consideration.
Investors need to weigh the growth potential against these valuation concerns and the inherent risks of the competitive rental market. This is informational analysis based on available data, not investment advice. Investors should consult a SEBI-registered financial advisor before making investment decisions.
What is Rentomojo IPO GMP today?
Grey Market Premium (GMP) for the Rentomojo IPO is an unofficial indicator of demand and is subject to change. While specific GMP figures are not available in the provided data, a positive GMP typically suggests strong investor interest and potential listing gains. However, it's crucial to remember that GMP is speculative and should not be the sole basis for making investment decisions.
Investors should conduct their own due diligence.
How to apply for Rentomojo IPO?
You can apply for the Rentomojo IPO through your demat account via the Unified Payments Interface (UPI) or the ASBA (Application Supported by Blocked Amount) facility. Ensure you have sufficient funds in your bank account to cover the bid amount. The registrar for the IPO is Kfin Technologies Ltd.
Your application funds will be blocked until the allotment process is completed.