Rentomojo has fixed the price band for its much-awaited initial public offering, or IPO, at ₹384 to ₹404 per share. The company will open its public issue on September 9, 2026, and the offer will close on September 11, 2026.
The total size of the IPO is ₹1,255.57 crore, which is often rounded to ₹1,256 crore. The issue will give public investors a chance to buy shares of Rentomojo, a company known for its rental and subscription services for furniture, home appliances and other household products.
The IPO has two parts. The first is a fresh issue worth ₹150 crore. The second is an offer for sale, or OFS, worth ₹1,105.57 crore. This structure means only a small part of the total IPO will bring new money into the company. A much larger part will go to existing shareholders who sell their shares.
IPO Opens on September 9
Rentomojo will accept bids from investors for three days, from September 9 to September 11. Before the public issue opens, the company will offer shares to anchor investors on September 8.
The anchor book is an important part of an IPO. It allows certain large investors to buy shares before the offer opens for other investors. Their participation can give the market an early view of demand for the issue.
After the IPO closes, the share allotment process is expected to take place. The basis of allotment is expected to be finalised on September 15, as per the reported IPO schedule.
Total Issue Size of ₹1,255.57 Crore
At the upper end of the price band, the Rentomojo IPO will have a total value of ₹1,255.57 crore.
The fresh issue will raise up to ₹150 crore for the company. The OFS will cover up to 2.73 crore shares, with a value of about ₹1,105.57 crore at the upper end of the price band.
The shares have a face value of ₹1 each.
At the upper end of the price range, Rentomojo will have a market capitalisation of about ₹4,006.2 crore, based on data from Livemint. Other reports cite a post-offer value of about ₹4,206.3 crore, based on different share-count calculations. The final market value will depend on the final issue structure and share count used for the calculation.
What Will Rentomojo Do With the Money?
The company plans to use the money from the fresh issue for several business needs.
A part of the funds will go toward debt repayment. Rentomojo also plans to use the money for lease rentals and licence fees for its warehouses and experience stores. Some funds will also go toward general corporate purposes.
This is different from the OFS part of the IPO. Money from shares sold through the OFS will go to the existing shareholders who sell their holdings. Rentomojo itself will not receive those funds.
This difference matters to investors because the fresh issue shows how much new capital the company will receive after the IPO.
A Company Built Around Rentals
Rentomojo operates a technology-based platform for furniture and home appliance rentals. Its service allows customers to use products without the need to buy them outright.
The company follows a direct-to-consumer model. It offers rental and subscription plans for products used at home. Its service can be useful for people who do not want to spend a large amount of money on furniture or appliances at one time.
The model can also suit customers who move homes often or want a product for a limited period. Instead of a full purchase, they can pay for use over a set period.
Rentomojo was founded by Geetansh Bamania. The company has built its business around a digital platform, along with warehouses and experience stores that support its rental operations.
Valuation Gets Investor Attention
The price band has put the valuation of Rentomojo under close market watch.
At the upper price of ₹404 per share, the company has a reported market value of about ₹4,006.2 crore. The Economic Times also noted that the company’s FY26 price-to-earnings ratio could reach up to 40 times at the upper end of the price band.
This valuation will be one of the key points for investors to study before they place a bid.
A higher valuation means investors pay more for each unit of the company’s earnings. That does not by itself mean a share is expensive or cheap. Investors also need to look at sales growth, profit, debt, cash flow and the future scope of the business.
Fivefold Rise From the Last Private Round
Rentomojo’s proposed IPO also shows a sharp rise in its value since its last private fund raise.
The company was valued at about ₹850 crore to ₹900 crore in its last private funding round in 2024. Its proposed IPO value is now estimated at about ₹4,246 crore, based on the current price range and reported share structure.
That marks close to a fivefold rise in value from the last private round. The increase reflects the company’s expansion and the stronger value investors may place on its business before its stock market debut.
Such a rise can create strong interest, but it also gives investors another reason to study the issue price with care.
Existing Shareholders Will Sell Shares
The OFS forms the larger part of the Rentomojo IPO.
At the upper end of the price band, the OFS is worth about ₹1,105.57 crore. Reports put the number of shares in the OFS at about 2.73 crore, although some reports cite slightly different figures based on the final structure of the offer.
A large OFS means existing shareholders will sell a sizeable part of their holdings through the IPO.
For investors, this does not automatically mean a negative signal. Early investors often sell part of their stake when a company enters the public market. However, investors may still want to know who the sellers are and why they have chosen to sell.
Strong IPO Activity in September
Rentomojo is entering the market at a time when India’s IPO activity has picked up sharply.
September 2026 has a busy IPO calendar, with several large companies set to come to the market. Rentomojo is among the major issues due to open on September 9.
Reports show that 11 mainboard IPOs are set to open next week, with Rentomojo, Kanohar Electricals and Karamtara Engineering among the larger issues.
Reuters also reported that a record six IPOs are set to open on September 9, with several companies set to raise billions of rupees from public investors. The rise in IPO activity shows that market confidence has improved after a slower start to 2026.
What Investors Should Watch
The Rentomojo IPO gives investors a chance to enter a growing rental business, but the price is an important factor.
The company has set a range of ₹384 to ₹404, so investors will need to assess whether the valuation makes sense when compared with its financial results and future plans.
The fresh issue of ₹150 crore is also much smaller than the OFS of ₹1,105.57 crore. This means most IPO money will go to existing shareholders rather than directly into Rentomojo’s business.
Investors should also study the company’s debt, profit record, cash flow and rental demand. The rental model can offer repeat revenue, but it also needs strong asset control, product upkeep and efficient use of warehouses.
Rentomojo IPO Dates
The IPO will open on September 9, 2026, and close on September 11, 2026. The anchor investor portion will open on September 8.
The price band is ₹384 to ₹404 per share, while the total issue size is ₹1,255.57 crore. The fresh issue is worth ₹150 crore, and the OFS is worth ₹1,105.57 crore.
The basis of allotment is expected on September 15.
With a business model based on furniture and appliance rentals, a proposed value of more than ₹4,000 crore and a major OFS component, Rentomojo will be one of the key IPOs to watch in September.
The issue also comes at a time when India’s primary market has gained fresh strength. The final response from retail investors, large institutions and other market participants will show whether Rentomojo’s valuation can attract enough demand at the chosen price band.
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