IPO · Commerce & Consumer Brands

Rentomojo opens ₹1,256 crore initial public offering

By Startup Enthusiast · 4 September 2026

What they do

Rentomojo rents out furniture, appliances, and consumer durables through its digital app and offline experience stores across 29 cities

The public issue targets ₹1,255.57 crore, raising ₹150 crore through newly issued shares alongside a ₹1,105.57 crore secondary stake sale

Early backers Accel and Chiratae face profitable exits, while fresh capital will fund debt clearance and lease rental payments

Rentomojo opened its IPO (initial public offering; first sale of stock to the public) for bids between September 9 and September 11, 2026.
The total issue size stands at ₹1,255.57 crore, combining a ₹150 crore fresh share issue with an ₹1,105.57 crore secondary sale.
The company fixed its price band between ₹384 and ₹404 per equity share, implying a valuation of ₹4,246 crore at the upper limit.
The offering drew ₹376 crore from anchor investors, who bought 93 lakh shares at the highest price band.
Overall bidding reached 4.71 times the total book on day three, spurred by strong bids from retail and non-institutional investors.
Management plans to allocate ₹70 crore of fresh capital toward debt repayment and ₹42.5 crore for operational lease rentals.

Rentomojo secured the Comeback Kid title at the ET Startup Awards in 2024 following its financial recovery.
The public listing gives early venture capital backers handsome returns, with Accel India positioned to make 8.2x its seed capital.
Demand for rental goods is rising alongside professional mobility, as domestic job switching expanded at a 22% CAGR from FY21 to FY25.

Rentomojo operates a subscription business renting furniture, home appliances, and consumer durables directly to consumers.
The firm operates an omnichannel model combining digital bookings, 82 experience stores, and 20 to 21 warehouses spanning 5.4 lakh square feet.
Core rental services generate 98% of operational turnover, and users keep active contracts for an average period of 18 months.
The platform offers third-party products from brands like Haier, Wakefit, and Livpure, alongside private-label products built with Dixon.
Fleet management remains efficient with an 83% inventory occupancy rate and quick delivery turnarounds averaging 2.4 days.