Rentomojo IPO

Large CapHome Furniture and Appliances Rental Mainboard

IPO Details

Bidding Dates

09 Sep '26 - 11 Sep '26

Minimum Investment

₹14,948 / 1 lot (37 shares)

Price Range

₹384 - ₹404

Maximum Investment

₹1,94,324 / 13 lots (481 shares)

Retail Discount

N.A.

Issue Size

₹1256 Cr

Investor category and sub category

Qualified Institutional Buyers (QIB) | Retail Individual Investors (RII) | Non-institutional Investors (NII)

Rentomojo IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 9, 26

IPO Closing Date

Sep 11, 26

Basis of Allotment

Sep 15, 26

Initiation of Refunds

Sep 16, 26

IPO Listing Date

Sep 17, 26

About Rentomojo IPO

Rentomojo IPO is a 100% book-built issue comprising a fresh issue of equity shares aggregating up to ₹150 crores (₹1,500.00 million) and an offer for sale of up to 27,365,529 equity shares of face value of ₹1 each by the promoter selling shareholder, Geetansh Bamania, alongside investor and individual selling shareholders.

The IPO will open for subscription on Wednesday, September 9, 2026, and close on Friday, September 11, 2026 (with anchor investor bidding scheduled for Tuesday, September 8, 2026). The equity shares are proposed to be listed on BSE and NSE, with NSE acting as the designated stock exchange.

The face value of the equity shares is ₹1 each. The price band and minimum bid lot size will be decided by the company in consultation with the lead managers and advertised at least two working days prior to the bid opening date.

Motilal Oswal Investment Advisors Limited, Axis Capital Limited, and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the book-running lead managers, while KFin Technologies Limited is the registrar to the offer.

About Rentomojo Limited

Incorporated in 2012, Rentomojo commenced its rental operations in 2014. Rentomojo Limited is a Bengaluru-based digital furniture and consumer appliances rental company specialising in flexible ownership and subscription-led home solutions. The company's core operations involve renting, delivering, installing, maintaining, recovering, and refurbishing a diverse portfolio of products, including furniture (beds, sofas, dining sets, wardrobes) and appliances (refrigerators, washing machines, televisions, air conditioners, and water purifiers) under an end-to-end asset-lifecycle model. Its offerings are primarily provided to urban consumers and mobile working professionals seeking convenient, flexible living solutions across key metropolitan and tier-1 markets in India.

Rentomojo operates primarily through an omnichannel presence consisting of 82 experience stores across 17 cities, an extensive network of leased warehouses, and its proprietary digital web and mobile application platforms. As of March 31, 2026, the company managed an active inventory portfolio of 851,184 live items, served 253,825 live subscribers across 29 cities, and achieved an overall asset occupancy rate of 83.34%. The company executes its operations through integrated in-house proprietary technology including credit evaluation and route optimisation engines—alongside specialised repair, refurbishment, and warehousing capabilities. As of March 31, 2026, the company had 835 in-house employees.

Industry Outlook

The total addressable market for home furniture and appliance rentals in India is estimated at approximately ₹69,520 crore as per reports dated 2025.

The rental home furniture and appliances market is projected to expand at a CAGR of ~11%, reaching an estimated ₹1,17,000 crore (₹1.17 lakh crore) by CY2030.

India's overall retail furniture and appliances market is valued at approximately ₹4.27 trillion (₹4,27,000 crore) in 2025, with rental services representing an underpenetrated, fast-growing segment.

Rentomojo held an estimated 42% to 47% market share of India's organised online furniture and appliance rental ecosystem by subscription revenue in FY25.

Average tenancy duration in Indian metro cities decreased from 1.8 years to 1.3 years between CY2021 and CY2025. This is underpinned by rapid job switching among young professionals, expanding at an estimated 22% CAGR based on EPFO payroll registrations.

Furnishing a typical one-bedroom apartment in India requires an upfront capital outlay equivalent to 8 to 9 months of average household income, compared to only 1 to 4 months in developed markets like the United States, Japan, and South Korea, driving strong economic preference toward rentals.

Accelerated urbanisation, rising disposable income, and a consumer mindset transition from "asset ownership" to "access-based consumption" have created acyclical demand patterns where rental uptake rises during economic expansions (mobility) as well as slowdowns (deferral of big-ticket purchases).

Profitability across the rental model requires maintaining high occupancy rates (Rentomojo recorded 83.34% in FY26) along with tight turnaround times for reverse logistics, asset repair, and multi-cycle redeployments.

Industry subscription models bear exposure to subscriber churn, default, and unrecovered assets, requiring algorithmic credit assessment engines to mitigate delinquencies (Rentomojo’s credit-impaired receivables over 180 days stood at ₹21.89 crore / 1.00% of revenue in FY26).

Rentomojo IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

Repayment or prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company.

Payment of lease rental or license fees for the Company's warehouses and experience stores.

Towards general corporate expenses

Financial Performance of Rentomojo Limited

Particulars	FY26	FY25	FY24
Revenue from operations (₹ lakh)	38,698.80	26,595.90	19,270.10
EBITDA (₹ lakh)	16,346.20	11,843.90	7,815.20
EBITDA Margin (%)	41.48	43.55	39.91
PAT (₹ lakh)	10,429.90	4,310.60	2,241.20
PAT Margin (%)	26.95	16.21	11.63
Net Worth / Total Equity (₹ lakh)	29,580.70	18,361.00	13,960.50
RoNW / ROE (%)	43.51	26.67	27.70
RoCE (%)	25.34	25.14	31.47

Rentomojo Limited Peer Details Comparison

As per the RHP, there are no listed peer companies in India whose business model and scale of operations are directly comparable to Rentomojo Limited.

Strengths and Opportunities of Rentomojo IPO

Revenue grew at 41.71% CAGR (₹192.70 Cr to ₹386.99 Cr) and Restated PAT grew at 115.72% CAGR (₹22.41 Cr to ₹104.30 Cr) from FY24 to FY26, with FY26 PAT margin at 26.95%, RoE at 43.51%, and Adjusted RoCE at 25.34%.

Largest organized digital rental platform in India, holding 42%–47% market share by subscription revenue and 50%–55% share of live subscribers in FY25.

Recurring rentals accounted for 97.90% of FY26 revenue, driven by a 99.00% realisation efficiency and a 50.41% repeat order rate.

Manages 851,184 live items across 20 warehouses with an 83.34% occupancy rate in FY26, keeping refurbishment costs controlled at 4.92% of revenue.

In-house risk engines, automated ticketing, and routing systems restricted incremental credit-impaired receivables (>180 days) to 1.00% of revenue in FY26.

Operates 82 experience stores in 17 cities and serves 253,825 live subscribers in 29 cities, pairing top OEM brands with private-label appliances manufactured via Dixon Technologies.

India's furniture and appliance rental TAM is estimated at ₹69,520 Cr in CY25, projected to grow at an 11% CAGR to ₹1,17,000 Cr by CY30.

Average metro tenancy dropped from 1.8 to 1.3 years (CY21–CY25), aided by job-switching among young professionals growing at a ~22% CAGR.

Scaling in-house branded appliances and water purifiers lowers procurement costs, accelerates lead times, and expands gross margins.

Risks and Threats of Rentomojo IPO

Recurring rental income generated 97.90% of FY26 revenue from operations (₹378.87 Cr), leaving performance highly vulnerable to shifts in rental demand or discretionary spending.

Reported negative working capital of ₹(91.17) Cr with a current ratio of 0.55 in FY26; 38.52% of current liabilities consist of current borrowings used to fund non-current, long-term assets.

Carries cumulative retained losses of ₹(121.70) Cr as of March 31, 2026, accrued from historical customer acquisition and platform build-out costs.

The top 10 metropolitan cities accounted for 89.51% of FY26 revenue from operations (₹346.38 Cr), creating heavy regional dependence on Bengaluru, Mumbai, and Hyderabad.

Field-level employee attrition reached 42.37% in FY26 among direct operational personnel (delivery, carpentry, installation), increasing training overheads and service vulnerability.

Insurance coverage covered only 53.92% of Property, Plant & Equipment in FY26, with customer-deployed assets completely uninsured; a warehouse fire in June 2026 resulted in losses of ~₹11.02 Cr and ongoing disputes with the sub-lessor.

Rental operations demand continuous upfront capex; drops in occupancy (FY26: 83.34%) or delayed refurbishment cycles directly compress return on capital (Adjusted RoCE declined from 31.47% in FY24 to 25.34% in FY26).

Relies predominantly on manual collections rather than auto-debit, leaving dues exposed to defaults (trade receivables credit-impaired >180 days reached ₹21.89 Cr in FY26).

Faces multi-front competition from organised rental players (Furlenco, Cityfurnish), traditional furniture retailers, and accessible retail credit (zero-cost EMIs / fintech personal loans).

Rentomojo IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII Shares Offered	Not less than 15% of the Net Issue

Rentomojo IPO Promoter Holding

The promoter of the company is Geetansh Bamania.

Share Holding Pre-Issue	21.49%
Share Holding Post Issue	19.94%

Rentomojo IPO Prospectus

Rentomojo IPO RHP

Rentomojo IPO Registrar and Lead Managers

Rentomojo IPO Lead Managers

Motilal Oswal Investment Advisors Limited

Axis Capital Limited

IIFL Capital Services Limited

Registrar for Rentomojo IPO

KFin Technologies Limited

Contact Number: +91 40671 62222 / 1800 3094001

Email Address: rentomojo.ipo@kfintech.com

How To Apply for Rentomojo IPO Online?

Locate the IPO Section: Navigate to the 'IPO' section on the platform.

Select IPO: Find and select the Rentomojo IPO from the list of open IPOs.

Enter the Lot Size: Specify the number of lots you want to bid for.

Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.

Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Rentomojo IPO?

Steps to check IPO allotment status on Angel One’s app:

Go to the IPO Section and then to IPO Orders.

Select the individual IPO that you had applied for and check the allotment status.

Angel One will notify you of your IPO allotment status via push notification and email.

Don't miss the next investment opportunity - browse the Upcoming IPO on Angel One.

Contact Details of Rentomojo IPO

Registered Office: Second Floor, B Block, BHIVE Workspace no. 112, AKR Tech Park “A” and 7th Mile, Hosur Road, Krishna Reddy Industrial Area, Bommanahalli, Bangalore – 560 068, Karnataka

Phone: 9591874499 / 9731814023

E-mail: secretarial@rentomojo.com

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Rentomojo IPO FAQs

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, comprising 37 equity shares. At the upper price band of ₹404 per share, the minimum investment required is ₹14,948.

When will the Rentomojo IPO be allotted?

The basis of allotment date for Rentomojo is expected to be finalised on September 15, 2026.

How to increase your chances of getting a Rentomojo IPO allotment?

Multiple Submissions: Use different Demat accounts belonging to different eligible applicants to make separate applications.

Price Bidding: Opt for bidding at the cut-off price or the upper price band to avoid the application being rejected due to a lower bid.

Timely Subscription: Ensure you submit your IPO application within the specified subscription period and complete the required application process before the deadline.

Application Details: Check your PAN, Demat account, bank account and UPI details carefully before submitting the application to avoid rejection due to errors.

How do I approve the UPI mandate request for the Rentomojo IPO?

After submitting your IPO application, you will receive a UPI mandate request in your chosen UPI app. Review the details and approve the mandate before the specified deadline to complete your application.

Can I submit more than one application for the public issue of Rentomojo Limited using one PAN?

No, you should not submit multiple IPO applications using the same PAN under the same investor category. Multiple applications with the same PAN may be rejected as invalid during the allotment process.

What is 'pre-apply' for Rentomojo Limited IPO?

Pre-apply allows investors to submit their IPO application before the public issue officially opens for subscription. The application is saved in advance and is processed when the IPO opens.

If I pre-apply for the Rentomojo Limited IPO, when will my order get placed?

Pre-apply allows investors to apply for the Rentomojo Limited IPO two days before the subscription period opens on Sep 9, 2026, ensuring an early submission of your application.

When will I know if my Rentomojo Limited IPO order is placed?

You will receive a confirmation once your IPO order has been successfully placed on the exchange. You will also receive notifications through your email and SMS.