Rentomojo Share Price: Stock Lists at ₹482.45 With a 19.42% Premium on NSE

On September 17, 2026, Rentomojo Ltd. shares made their market debut on the stock exchanges. The stock listed at ₹482.45 on the National Stock Exchange (NSE), reflecting a 19.42% gain over its IPO issue price of ₹404.00 per share.  

On BSE, it listed at ₹480.00, marking an 18.81% premium over the IPO issue price. 

Rentomojo IPO Overview 

Rentomojo Limited launched a book built issue of ₹1,255.57 crore, consisting of a fresh issue of 37.15 lakh shares valued at ₹150.00 crore and an offer for sale of 2.74 crore shares valued at ₹1,105.57 crore.  

The subscription opened on September 9, 2026, and closed on September 11, 2026. The allotment was finalized on September 15, 2026, with a tentative listing scheduled for September 17, 2026, on the BSE and NSE.  

The final issue price is fixed at ₹404 per share with a lot size of 37 shares, requiring a minimum retail investment of ₹14,948. Motilal Oswal Investment Advisors Ltd. serves as the book running lead manager, and KFin Technologies Ltd. operates as the registrar. 

Rentomojo IPO subscribed 72.89 times. 

Business Overview of Rentomojo 

Incorporated in April 2012, Rentomojo Limited is a technology driven, full stack direct to consumer online rental and subscription platform for furniture and appliances in India.  

The company provides affordable plans for home furniture and appliances, allowing users to rent, return, upgrade, and relocate products. Its portfolio includes essential items like beds, mattresses, washing machines, refrigerators, and water purifiers. Rentomojo manages an integrated asset lifecycle model across 29 cities with 20 warehouses and 82 experience stores. As of March 31, 2026, it had 835 permanent employees and 1,772 contractual workforce personnel. 

Financial Overview of Rentomojo 

The financial trajectory shows consistent growth from fiscal year 2024 through fiscal year 2026. Total income surged from ₹195.80 crore in fiscal 2024 to ₹271.96 crore in fiscal 2025, reaching ₹394.09 crore by March 31, 2026.  

Profit after tax mirrored this upward trend, rising from ₹22.41 crore in fiscal 2024 to ₹43.11 crore in fiscal 2025, and jumping to ₹104.30 crore in fiscal 2026. EBITDA grew steadily to ₹163.46 crore by the end of fiscal 2026. Total assets reached ₹641.12 crore while net worth hit ₹295.81 crore. However, total borrowings increased to ₹187.59 crore by March 31, 2026. 

Objective of Rentomojo IPO 

The company proposes to utilize the net proceeds from the fresh issue toward key operational and financial requirements, totaling an estimated ₹213.20 crore. The primary allocation involves funding the repayment or prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the company, amounting to ₹70.00 crore. Additionally, the company will allocate ₹42.50 crore for the payment of lease rental or license fees for its warehouses and experience stores. The remaining proceeds will be deployed toward general corporate purposes at ₹28.87 crore and covering estimated issue expenses of ₹71.83 crore. 

Read More: LCC Projects Share Price: Stock Lists at ₹189.00 With a 29.45% Premium on NSE! 

Rentomojo Share Price Performance 

As of September 17, 2026, at 10:24 AM, Rentomojo share price on the NSE was trading at ₹502.10, up by 24.28% gain over its IPO issue price of ₹404.00. 

Conclusion 

Rentomojo equity shares opened with impressive gains on both exchanges, listing at ₹482.45 on the NSE and ₹480.00 on the BSE, rewarding investors with a significant premium over the company's IPO issue price of ₹404.00 per share. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Readers should conduct their own research and form an independent opinion before making any financial decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.