Rentomojo files for IPO, sets price band at ₹384–₹404 per share

Rentomojo Limited initiated its initial public offering (IPO) on September 9, 2026, offering shares at a fixed price range of ₹384 to ₹404 per share. The bidding window for retail investors opened on September 8, 2026. The IPO involves issuing up to ₹1,500 million (₹150 crore) worth of new equity shares and allows for a sale of up to 2,73,65,529 shares.

Each share has a face value of ₹1. Investors must purchase shares in lots of 37 or multiples thereof. The minimum application amount at the upper price cap of ₹404 is about ₹14,948. The company plans to use the funds raised to pay off existing loans, settle lease and licence fees, and handle general corporate expenses. The shares are set to be listed on the National Stock Exchange.

Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services are handling the issue. The IPO follows a book-building process under SEBI's ICDR Regulations. The offer reserves up to 50% for qualified institutional buyers, at least 15% for non-institutional bidders, and at least 35% for retail investors. Employees can also apply through a designated portion of the offer.

The red herring prospectus, filed with the Registrar of Companies in Karnataka, is accessible on the SEBI, book running lead managers' websites, and the company's site. All bids, except those from anchor investors, must be submitted via the ASBA process. The red herring prospectus complies with SEBI's guidelines and is available in English, adhering to the platform's community guidelines.