{
  "id": 6737275,
  "title": "RentoMojo IPO Subscription Hits 17.18X On Final Day, NIIs Lead Demand",
  "url": "https://urgent.news/2026/09/11/rentomojo-ipo-subscription-hits-17-18x-on-final-day-niis-lead-demand",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T08:24:54.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/rentomojo-ipo-subscription-hits-17-18x-on-final-day-niis-lead-demand/"
  },
  "original_language": "en",
  "account": "RentoMojo, an online furniture and appliance rental platform, saw its IPO subscription hit an impressive 17.18 times the offered shares on the final bidding day. The platform received bids for 37.41 crore shares, against 2.18 crore shares on offer. Non-institutional investors (NIIs) led the demand, subscribing to the portion reserved for them 42.54 times, with bids for 19.80 crore shares against 46.54 lakh shares on offer. The category showing the highest subscription within NII was for bids exceeding ₹10 lakh, subscribed 45.41 times. Institutional investors, including qualified institutional buyers (QIBs), subscribed at a rate of 10.41 times, receiving bids for 6.46 crore shares against 62.06 lakh shares on offer. The remaining portions, for retail investors and employees, saw subscriptions of 10.21 times and 11.82 times respectively. The ₹1,255.57 crore public issue includes a fresh issue of shares worth ₹150 crore and an OFS of up to 2.73 crore shares worth ₹1,105.57 crore. The IPO will close today, with the company's shares expected to list on stock exchanges on September 17. RentoMojo, founded in 2014 by Geetansh Bamania and Ajay Nain, operates a subscription-based platform for renting furniture, appliances, and other home essentials, with operations in 20 warehouses and 82 offline stores across 29 cities.",
  "summary": "Online furniture and appliance rental platform RentoMojo’s IPO was subscribed 17.18X by 13:27 IST on the final day of bidding…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}