{
  "id": 5513753,
  "title": "RentoMojo Sets Price Band At ₹384-₹404 For ₹1,256 Cr IPO",
  "url": "https://urgent.news/2026/09/04/rentomojo-sets-price-band-at-384-404-for-1-256-cr-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T05:58:57.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/rentomojo-sets-price-band-at-%e2%82%b9384-%e2%82%b9404-for-%e2%82%b91256-cr-ipo/"
  },
  "original_language": "en",
  "account": "RentoMojo, a furniture and appliance rental company, has set its IPO price band between ₹384 and ₹404 per share. The public issue will be worth ₹1,255.6 Cr, made up of a fresh share issuance of ₹150 Cr and an OFS (offering for sale) of up to 2.7 Cr shares valued at ₹1,105.6 Cr. With the upper price band, RentoMojo aims for a post-offer market capitalisation of around ₹4,206.3 Cr. The IPO will be open for bidding from September 9 to September 11, with anchor investors able to place bids on September 8. Employees can bid at a discounted price of ₹20 per share. Notable investors include Accel, Chiratae Ventures, Edelweiss Mutual Fund, and GMO Venture, who plan to sell shares through the OFS. Co-founder Geetansh Bamania is set to offload up to 8.5 lakh shares. Upon the proceeds, ₹70 Cr will be used to repay borrowings, while ₹42.5 Cr will be allocated towards rental payments for offline stores and warehouses, with the remaining capital for general corporate purposes. Established in 2014 by Bamania and Ajay Nain, RentoMojo operates a subscription-based platform for renting home essentials, with 20 warehouses and 82 stores in 29 cities as of March 2026.",
  "summary": "Furniture and appliance rental company RentoMojo has set a price band of ₹384-₹404 per share for its upcoming IPO. At…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "YourStory",
        "title": "Rentomojo sets price band at Rs 384-404 for Rs 1,256-Cr IPO",
        "url": "https://urgent.news/2026/09/04/rentomojo-sets-price-band-at-rs-384-404-for-rs-1-256-cr-ipo",
        "published": "2026-09-04T07:14:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}