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Listed
E-Retail/ E-Commerce
Rentomojo Limited IPO
₹1256 Cr · Fresh Issue & OFS · E-Retail/ E-Commerce
Price Band
₹384 – ₹404
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹1256 Cr
Fresh Issue & OFS
Market Cap
₹4246.30 Cr
At upper band
P/E Ratio
40.7x
P/S: 11x
Listing Date
17 Sep 2026
BSE & NSE
IPO Timeline
✓
Opens
09 Sep 2026
✓
Closes
11 Sep 2026
✓
Allotment
14 Sep 2026
✓
Refund
15 Sep 2026
✓
Listing
17 Sep 2026
IPO India Hub: Subscribe
Conviction
7/10
The company demonstrates exceptional profitability with 26.5% net margins and 115.7% PAT CAGR over two years, trading at 1.25× the retail sector midpoint—well within the Subscribe threshold. However, promoter ownership post-issue drops to 19.74% and OFS represents 88% of the issue, which dilutes founder commitment and suggests this is primarily a liquidity event for existing shareholders.
Listing Performance
Issue Price
₹404
Allotment price
Listing Price
₹480
+18.81% on listing day
Current Price (CMP)
₹543.15
+34.4% vs issue
Listed On
17 Sep 2026
BSE & NSE
Our Analysis — Key Points
✓ Strength
Exceptional profit growth and margins
Net profit surged from ₹22.4 Cr (FY-2) to ₹104.3 Cr (FY0), a 115.7% CAGR, while maintaining a 26.5% net margin—far above typical e-retail peers. EBITDA margin of 43.55% and ROCE of 25.14% signal strong operational efficiency and capital deployment in a capital-intensive sector.
✓ Strength
Rapid revenue expansion with scale
Revenue grew 41.9% CAGR over two years (₹195.8 Cr to ₹394.1 Cr), demonstrating market traction in the rental e-commerce segment. The company has achieved profitability at scale, a rare achievement in e-retail, and subscription-based models typically offer recurring revenue visibility.
⚠ Risk
Dominant OFS signals founder exit
88% of the ₹1256 Cr issue is OFS, meaning only ₹150 Cr flows to the company for growth; the rest is shareholder liquidity. Promoter holding collapses from 21.49% to 19.74% post-issue, raising questions about long-term founder alignment and operational continuity.
⚠ Risk
Intense competition in rental e-commerce
The rental furniture and appliance segment faces competition from both organized players and unorganized local rentals. Customer acquisition costs and churn in discretionary rental categories remain material operational risks not fully disclosed in the prospectus.
₹ Valuation
Fair valuation with margin premium justified
At 40.7× P/E, the company trades 1.25× the retail sector midpoint (32.5×), which is acceptable given the 26.5% NPM—well above the 15% threshold for premium valuation. The 11× P/S is reasonable for a profitable, high-margin e-retail business, though not a discount to peers.
👁 Watch
Monitor cash burn post-IPO deployment
₹70 Cr of proceeds go to debt repayment and ₹42.5 Cr to lease payments, leaving only ₹28.87 Cr for growth. Track quarterly revenue growth, customer acquisition trends, and whether the company can sustain 40%+ CAGR without fresh capital.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Rentomojo Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹386.99 Cr
Net Profit
₹104.30 Cr
Industry
E-Retail/ E-Commerce
Issue Type
Fresh Issue & OFS
Promoters
GEETANSH BAMANIA
Lead Managers
Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services
Quick Actions
Frequently Asked Questions
Subscribe. The company demonstrates exceptional profitability with 26.5% net margins and 115.7% PAT CAGR over two years, trading at 1.25× the retail sector midpoint—well within the Subscribe threshold. However, promoter ownership post-issue drops to 19.74% and OFS represents 88% of the issue, which dilutes founder commitment and suggests this is primarily a liquidity event for existing shareholders.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
Lot size details will be updated when the DRHP is filed. The price band is ₹384 – ₹404.
The IPO opens on 09 Sep 2026. It closes on 11 Sep 2026. Allotment is expected on 14 Sep 2026. Refunds initiate on 15 Sep 2026. Listing on BSE and NSE is on 17 Sep 2026.
The lead managers for the IPO are Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services. Check the SEBI filing for the registrar details.
The IPO listed on 17 Sep 2026 at ₹480 against an issue price of ₹404 (+18.81% on listing day). The current market price (CMP) is approximately ₹543.15 (+34.4% vs issue).
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 11 Sep 2026. The company demonstrates exceptional profitability with 26.5% net margins and 115.7% PAT CAGR over two years, trading at 1.25× the retail sector midpoint—well within the Subscribe threshold. However, promoter ownership post-issue drops to 19.74% and OFS represents 88% of the issue, which dilutes founder commitment and suggests this is primarily a liquidity event for existing shareholders.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 11 Sep 2026. The IPO is priced at a P/E of 40.7x. Market cap at issue price is ₹4246.30 Cr. As with all IPOs, please read the DRHP and assess your own risk tolerance before investing.
You can apply via UPI through your broker's trading app (Zerodha, Upstox, Fyers, etc.) or via ASBA through your net banking portal. The issue closes on 11 Sep 2026, so apply before that date. Step 1: Log in to your broker or bank app. Step 2: Go to IPO section and search for 'Rentomojo Limited'. Step 3: Enter the number of lots and UPI ID. Step 4: Accept the mandate on your UPI app.
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