{
  "id": 7959672,
  "title": "RentoMojo Makes Strong Market Debut, Lists At Nearly 19% Premium",
  "url": "https://urgent.news/2026/09/17/rentomojo-makes-strong-market-debut-lists-at-nearly-19-premium",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T04:50:42.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/rentomojo-makes-strong-market-debut-lists-at-nearly-19-premium/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Furniture and appliance rental startup RentoMojo made a strong stock market debut, with its shares listing at a premium of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "6 mainboard IPOs make market debut: Rentomojo, Karamtara Engineering, LCC Projects list at strong premiums",
        "url": "https://urgent.news/2026/09/17/6-mainboard-ipos-make-market-debut-rentomojo-karamtara-engineering",
        "published": "2026-09-17T05:26:57.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Steamhouse India Makes A Strong Market Debut, Shares Surge Nearly 17% In Early Trade",
        "url": "https://urgent.news/2026/09/17/steamhouse-india-makes-a-strong-market-debut-shares-surge-nearly-17",
        "published": "2026-09-17T05:46:41.000Z"
      }
    ]
  },
  "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."
}