Analysis · Commerce & Consumer Brands

RentoMojo's IPO subscribed 72.88 times

By Startup Enthusiast · 14 September 2026

What they do

RentoMojo rents furniture and appliances to customers across 29 cities

Its ₹1,256 crore IPO closed on September 11 with 72.88 times subscription

The company turned profitable with ₹104.3 crore net profit in FY26

RentoMojo's ₹1,256 crore initial public offering (IPO) closed on September 11, 2026.
The IPO was subscribed 72.88 times overall.
Qualified institutional buyers (QIBs) bid strongly, and retail investors subscribed 15.59 times.
A total of 158.7 crore equity shares were bid against 217.7 crore shares on offer.
In the grey market (unofficial trading before listing), the shares traded at a ~37% premium over the issue price.
The company's operating revenue for FY26 was ₹387 crore, up 45.5% from ₹266 crore in FY25.
Profit after tax (PAT) for FY26 was ₹104.3 crore, a ~142% jump from ₹43.1 crore in FY25.
The FY26 PAT was partly boosted by a ₹36.6 crore tax credit.

RentoMojo's strong IPO subscription reflects investor confidence in the rental economy model.
The company has demonstrated profitability and rapid revenue growth.
The Indian home furniture and appliance rental market is estimated to grow from ₹1,550 crore in 2025 to ₹6,030 crore by 2030.
The India home furniture and appliance rental market is estimated to reach ₹6,030 crore by 2030.
Competitor Furlenco is also eyeing an IPO in the second half of 2027.

RentoMojo buys furniture and appliances and rents them to customers on a subscription basis.
It operates three linked engines: ecommerce (acquire customers), subscriptions (recurring revenue, manage credit), and recommerce (recover and redeploy assets).
As of March 31, 2026, it had 8.51 lakh live items, with 83.34% rented out.
It served 2.54 lakh live subscribers across 29 cities.
Assets added in 2017: 56% still generating revenue in FY26, earning 5.12 times their original cost.
Assets added in 2018: 60.92% still generating revenue in FY26.
Management estimates the useful life of furniture and appliances at about 10 years.
FY26 costs included ₹28 crore logistics, ₹38 crore contractual manpower, ₹19 crore refurbishment, and ₹21 crore performance marketing.
Depreciation in FY26 was ₹70 crore, up 44%.