RentoMojo IPO Subscribed 69% So Far On Day 1, NII Portion Booked 90%
Online furniture and appliance rental platform RentoMojo’s ₹1,256 Cr IPO was subscribed 69% by 12:57 IST on the first day…
RentoMojo's initial public offering (IPO) experienced strong demand on its first day of trading, with 69% of shares subscribed. The Non-Convertible Debenture (NII) portion drew the most interest, achieving a 90% subscription rate. Investors placing bids between ₹2 Lakh and ₹10 Lakh saw a 1.26 times subscription, while those exceeding ₹10 Lakh received a 73% subscription.
The retail portion subscribed for 76% of available shares, and the employee portion had a 75% subscription rate. The QIB portion saw a 40% subscription. The IPO price band is set between ₹384-₹404 per share, valuing the company at approximately ₹4,206 Cr. The public issue includes a fresh share issuance worth ₹150 Cr and an OFS of up to 2.7 Cr shares worth ₹1,105.6 Cr.
RentoMojo raised ₹376.1 Cr from anchor investors before the IPO, allotting 93.1 Lakh equity shares to these investors at ₹404 each.
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