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Rentomojo IPO Lists 19% Above Issue Price

By Stocks Desk · 2026-09-17 · Updated 2026-09-17 06:36 UTC
A modern living room featuring a sofa and a television set
Illustration: Tradingbird

Rentomojo shares opened nearly 19% above the issue price, valuing the furniture rental giant at roughly ₹5,000 crore. The IPO was heavily subscribed at 72.89 times, with the company leveraging the raise to reduce debt and support its network of over 227,000 subscribers.

  • GN stocks/ipo reports that Rentomojo's market capitalization has reached approximately ₹5,000 crore following its debut. The firm also detailed the company's business scale, noting it held a 42-47% share of the organized rental market and maintained over 227,000 live subscribers across 22 cities as of late September.

    Source: Fortune India

  • Rentomojo's equity shares opened 18.8% to 19.4% above the IPO price on Thursday, slightly below grey market expectations, after the furniture rental firm raised over ₹1,200 crore through a heavily subscribed public offering.

    Source: Business Standard
Based on reporting by Business Standard and Fortune India, compiled by the Tradingbird desk.

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