The Initial Public Offering (IPO) of Rentomojo (Rentomojo Limited) has reached its final day of public bidding. Investors looking for an IPO Alert or IPO Latest Update will note that the issue has received a robust response across key investor categories, pushing overall subscription figures close to 9 times during the morning session of Day 3. Driven by strong participation from Non-Institutional Investors (NIIs) and retail buyers, the ₹1,255.57-crore Rentomojo IPO has emerged as one of the key mainboard offerings tracked by market participants this week.
Rentomojo IPO Subscription Status: Day 3 Breakup
As of 11:35 AM on September 11, 2026, the Rentomojo IPO received bids for 19,54,99,305 shares against an offered size of 2,17,72,311 shares, resulting in an overall subscription of 8.98 times.
The Non-Institutional Investors (NII) category spearheaded the demand, while retail investors maintained steady interest. Qualified Institutional Buyers (QIBs) are expected to step up their bidding toward the close of the trading day.
Category-Wise Bidding Summary (As of 11:35 AM):
| Category | Shares Offered / Reserved | Shares Bid For | Subscription (Times) |
| Qualified Institutional Buyers (QIBs) | 62,05,779 | 51,60,316 | 0.83x |
| Non-Institutional Investors (NIIs) | 46,54,335 | 11,18,86,705 | 24.04x |
| Retail Individual Investors (RIIs) | 1,08,60,114 | 7,80,79,657 | 7.19x |
| Total Subscription | 2,17,72,311 | 19,54,99,305 | 8.98x |
Key Details of the Rentomojo Issue
Investors following IPO News will find the operational and structural framework of the offer outlined below:
- Total Issue Size: ₹1,255.57 crore.
- Fresh Issue Component: ₹150 crore (37.15 lakh shares).
- Offer for Sale (OFS): ₹1,105.57 crore (2.74 crore shares).
- Price Band: ₹384 to ₹404 per equity share.
- Lot Size: 37 shares per lot (Minimum investment of ₹14,948 at the upper price limit).
- Employee Discount: Eligible employees receive a discount of ₹20 per share.
- Book Running Lead Manager: Motilal Oswal Investment Advisors Ltd.
- Registrar: KFin Technologies Ltd.
Timeline & Listing Schedule
For investors tracking the Rentomojo IPO last day bidding window, here is the tentative schedule for allotment and listing:
- IPO Bidding Window: September 9, 2026 to September 11, 2026.
- Finalisation of Basis of Allotment: September 15, 2026.
- Initiation of Refunds & Share Credit: September 16, 2026.
- Tentative Listing Date: September 17, 2026 (Listing on BSE and NSE).
Business Model & Use of Proceeds
Incorporated in April 2012, Rentomojo operates as a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform in India. The company offers long-term and short-term subscriptions for furniture, appliances, and fitness equipment.
Utilization of Net Proceeds:
Rentomojo intends to allocate the proceeds from the fresh issue as follows:
- Debt Repayment: ₹70 crore dedicated to repayment or prepayment of outstanding borrowings and interest.
- Lease & Licence Fees: ₹42.50 crore for paying warehouse and experience store lease rentals.
- Corporate Purposes: Balance funds to be deployed for general corporate development.
Financial Performance Overview
Rentomojo’s financial metrics reflect substantial growth over the recent fiscal year:
- Total Income: Increased by ~45% from ₹271.96 crore in FY25 to ₹394.09 crore in FY26.
- Profit After Tax (PAT): Grew by ~142% from ₹43.11 crore in FY25 to ₹104.30 crore in FY26.
- EBITDA: Expanded from ₹118.44 crore in FY25 to ₹163.46 crore in FY26.
Frequently Asked Questions (FAQs)
1. What is the total issue size of the Rentomojo IPO?
The total issue size of the Rentomojo IPO is ₹1,255.57 crore. This includes a fresh issue component worth ₹150 crore and an Offer for Sale (OFS) segment valued at ₹1,105.57 crore.
2. When is the last day to apply for the Rentomojo IPO?
The last day to submit bids for the Rentomojo IPO is September 11, 2026. Applications close during standard UPI and equity market bidding hours on this date.
3. How much was the Rentomojo IPO subscribed on its final day morning?
As of 11:35 AM on Day 3, the Rentomojo IPO was subscribed 8.98 times overall. The Non-Institutional Investor (NII) category saw the highest subscription at 24.04 times.
4. Who is the registrar for the Rentomojo IPO?
KFin Technologies Ltd. is the official registrar for the Rentomojo IPO. Applicants can check their share allotment status on the KFintech portal once finalized.
5. What is the expected listing date for Rentomojo shares?
Shares of Rentomojo are tentatively scheduled to list on the BSE and NSE stock exchanges on September 17, 2026.
The Rentomojo IPO on its last day highlights strong market engagement, particularly within the NII and retail segments. Backed by expanding D2C rental operations and steady financial growth in FY26, market participants will be closely watching final bidding figures and the upcoming allotment process on September 15.
