RentoMojo Makes Strong Market Debut, Lists At Nearly 19% Premium

Furniture and appliance rental company RentoMojo made a remarkable debut on the stock market, listing its shares at a 19.42% premium above its IPO price. The stock opened at ₹482.45 on the NSE, above its issue price of ₹404. By the end of the day, RentoMojo's shares reached ₹500 on the BSE, marking an impressive 23.76% gain from its IPO price and 4.15% above its opening price.

The company's market capitalization reached ₹5,205.74 Cr, about 30% higher than the startup's sought valuation of ₹4,006 Cr during the IPO. Strong demand for RentoMojo's ₹1,256 Cr IPO, which saw a subscription rate of 72.88X, led to the high trading volume. Before the public offering, the startup raised ₹376.1 Cr from 41 anchor investors, alloted 93.1 Lakh shares at ₹404 each, and conducted an OFS worth ₹1,105.6 Cr.

Leading investors, such as Accel India and Cofounder CEO Geetansh Bamania, benefited significantly from the IPO, earning returns of up to 265.97X. Post-IPO, RentoMojo's revenue grew 45.5% to ₹387 Cr in FY26, while profit after tax increased 142% YoY to ₹104.3 Cr. The company's EBITDA rose 38% YoY to ₹163.5 Cr, but its EBITDA margin decreased to 41.5%.

With 2.5 Lakh subscribers and 8.5 Lakh items in its inventory, RentoMojo has become India's first listed furniture and appliance rental startup.