RentoMojo Stock Price and IPO 2026: A Rs 482.45 Debut, Explained
RentoMojo has arrived on the market. The furniture and appliance rental company listed on 17 September 2026, and this guide walks through the RentoMojo stock price, the IPO behind it, the exact listing time, and the numbers that matter, in plain language.
RentoMojo listed on the NSE and BSE on 17 September 2026 at Rs 482.45 per share, a 19.42% premium over its Rs 404 IPO price. The Rs 1,255.57 crore IPO was subscribed 72.47 times. IPO shares begin trading at 10:00 AM after a special pre-open session, and the price then moves with the market. This is educational information, not investment advice.
RentoMojo IPO and listing: key highlights
| Detail | Information |
|---|---|
| Company | Rentomojo Limited (formerly Edunetwork Pvt Ltd) |
| Business | Furniture and appliance rental and subscription |
| IPO size | Rs 1,255.57 crore (fresh Rs 150 cr + OFS Rs 1,105.57 cr) |
| Price band | Rs 384 to Rs 404 per share |
| Lot size | 37 shares (Rs 14,948 at upper band) |
| Subscription dates | 9 to 11 September 2026 |
| Overall subscription | 72.47 times |
| Allotment | 15 September 2026 |
| Listing date and venue | 17 September 2026, on NSE and BSE |
| Listing price | Rs 482.45 (19.42% above issue price) |
| Registrar | KFin Technologies |
| Promoter | Geetansh Bamania |
What is RentoMojo?
RentoMojo is a Bengaluru based, technology driven platform that rents out furniture and appliances on subscription. Instead of buying a bed, a fridge or a washing machine, a customer rents it, and can return, upgrade or relocate it as life changes. The company was incorporated in April 2012 as Edunetwork Private Limited and rebranded to RentoMojo, before converting into a public company ahead of the listing. As of 31 March 2026 it served 253,825 live subscribers across 29 cities, ran 82 experience stores, and managed a fleet of more than 8.5 lakh live items.
Latest updates: listing day
The debut was strong. Shares opened at Rs 482.45 against the Rs 404 issue price, a gain of 19.42%, and the listing lifted RentoMojo’s market value to about Rs 5,071 crore from roughly Rs 4,246 crore at the IPO price. That followed heavy demand during the offer, which was subscribed 72.47 times overall. In an interesting twist, the listing price came in above what the unofficial grey market had signalled, echoing another recent debut that beat its grey market premium. The book running lead managers were Motilal Oswal, Axis Capital and IIFL Capital, with KFin Technologies as registrar.
RentoMojo stock price and IPO listing time explained
Two questions dominate the searches. First, the stock price. RentoMojo now trades like any listed share, so the price changes continuously through the day and the live figure sits on the NSE and BSE websites, not in a fixed number. The Rs 482.45 you see quoted is the listing price, the level at which trading opened, not a price the company set. From here it moves with buying and selling.
Second, the listing time. IPO shares do not start at the regular 9:15 AM market open. They follow a special schedule, shown below.
| Time (IST) | What happens |
|---|---|
| 9:00 to 9:45 AM | Special pre-open session. Buy and sell orders are placed, changed or cancelled |
| 9:45 to 9:55 AM | Orders are matched and the opening price is discovered |
| 9:55 to 10:00 AM | Buffer period. No new orders accepted |
| 10:00 AM to 3:30 PM | Normal continuous trading begins |
So the listing price is set by a call auction based on demand and supply, and regular trading starts at 10:00 AM. Under SEBI’s T+3 rule, in force since 1 December 2025, shares must list within three working days of the issue closing, which is why RentoMojo closed on 11 September and listed on 17 September.
Why this matters
RentoMojo is the first pure-play furniture and appliance rental company to list in India, so it effectively sets the benchmark valuation for the whole organised rental category. It is also a rare thing in new-age listings: a business that has been profitable for years rather than one still chasing its first rupee of profit. That makes its debut a useful reference point for how the market prices recurring, subscription style revenue.
The numbers: financials and valuation
RentoMojo has grown quickly while staying in profit, which is unusual for a consumer tech name. The table shows the three-year record from its offer document.
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue from operations | Rs 192.70 cr | Rs 265.96 cr | Rs 386.99 cr |
| EBITDA | Rs 78.15 cr | Rs 118.44 cr | Rs 163.46 cr |
| Profit after tax | Rs 22.41 cr | Rs 43.11 cr | Rs 104.30 cr |
| Live subscribers | 1,49,498 | 1,94,262 | 2,53,825 |
Revenue rose 45.51% in FY26 and reported profit jumped about 142%. One caveat matters, though. That FY26 profit of Rs 104.30 crore includes a one-off deferred tax credit of about Rs 36.64 crore, an accounting benefit rather than cash from the business. Strip it out and profit is nearer Rs 67.66 crore, which changes the valuation picture, as the next section shows.
Real-life examples
Example 1: A retail applicant. Sneha applied for one lot of 37 shares at the cutoff price. A UPI mandate blocked Rs 14,948 in her account until allotment. Because the issue was subscribed 72 times, allotment was by lottery, and many small applicants received nothing back but their blocked funds released.
Example 2: A subscriber, not a shareholder. Arjun rents a fridge and a washing machine from RentoMojo for about Rs 1,400 a month. His monthly payments are exactly the recurring revenue that makes the company’s numbers predictable, since roughly half of orders come from repeat customers.
Example 3: An exiting investor. An early venture backer used the offer for sale to sell part of its stake. This is why 88% of the issue was an OFS, similar to other IPOs where very little of the money reaches the company itself.
Calculations that put the price in context
| Calculation | Working | Result |
|---|---|---|
| Minimum application | 37 shares x Rs 404 | Rs 14,948 |
| Earnings per share (FY26) | Rs 104.30 cr / 10.51 cr shares | About Rs 9.92 |
| P/E at issue price | Rs 404 / Rs 9.92 | About 40.7x |
| P/E at listing price | Rs 482.45 / Rs 9.92 | About 48.6x |
| Adjusted P/E (ex tax credit) | Rs 482.45 / Rs 6.44 | About 74.9x |
| Listing gain | (482.45 – 404) / 404 | 19.42% |
The headline P/E of about 41 times at the issue price already looked full. On the listing price it is near 49 times, and on profit that excludes the one-off tax credit it climbs to roughly 75 times. Whichever lens you use, buyers are paying for years of future growth, not just last year’s results.
Expert analysis
Here is the contrarian point most listing-day coverage skips. RentoMojo is a genuinely good operator, with a return on equity above 40% and a business that turns older rented items into revenue across many cycles. Yet the excitement rests on a profit figure flattered by a tax credit, and on a debut that made an already demanding valuation more demanding still. A 19% pop is pleasant for those who were allotted shares, but it also means every new buyer pays more for the same underlying earnings.
The second nuance is the structure. Only Rs 150 crore of the Rs 1,255.57 crore raised actually reaches RentoMojo for growth. The rest went to selling shareholders. So the listing is more a liquidity event for early investors than a fundraise for expansion. That does not make it a poor business, but it changes what the money is really for.
What works in RentoMojo’s favour
The strengths are real. RentoMojo holds an estimated 42% to 47% of organised home furniture and appliance rental revenue, in a category expected to grow several times over by 2030. Its revenue is recurring and largely booked in advance, its occupancy sits above 83%, and it has stayed profitable since FY23. A founder led team with marquee backers rounds out a solid operating story.
Risks and limitations
The checks are just as real. The FY26 profit leans on a one-off tax credit. Working capital was negative around Rs 91 crore at year-end, with more borrowings and lease payments due within a year than cash on hand. Consolidated borrowings stood near Rs 258 crore in June 2026. There is also a pending petition before the National Company Law Tribunal by a former director seeking, among other things, to restrain the IPO, against which the company has filed caveats. And when locked-in shareholders become free to sell, extra supply can weigh on the price.
Comparison: RentoMojo vs its closest rival
| Metric (FY26) | RentoMojo | Furlenco |
|---|---|---|
| Revenue | About Rs 387 cr | About Rs 370 cr |
| Profit | Rs 104 cr (Rs 68 cr adjusted) | About Rs 60 cr |
| Listed status | Listed 17 Sep 2026 | Unlisted (Sheela Foam owns 34.5%) |
| Category share | Estimated 42% to 47% | Second largest |
Future outlook
From here, the story turns on execution. The organised rental category is projected to grow from roughly Rs 1,550 crore in 2025 to about Rs 6,030 crore by 2030, which gives RentoMojo room to expand. The open questions are whether growth stays profitable rather than debt fuelled, whether margins hold, and how the share settles once early listing enthusiasm fades. Those answers will come in the quarterly results, not on debut day.
Action steps
Read the Red Herring Prospectus on the SEBI and exchange sites before forming any view, since it lists the financials and risks in full. Track the live price on the NSE and BSE rather than relying on a single quoted figure. If you were allotted shares, you can check allotment on KFin Technologies, BSE and NSE, and remember that gains from shares are taxable in India. For a wider view of this IPO season, see our coverage of the NSE IPO. Above all, weigh any decision against your own goals and speak to a SEBI-registered adviser.
Frequently asked questions
What is the RentoMojo stock price today?
RentoMojo trades live on the NSE and BSE, so the price changes through the day. It listed at Rs 482.45 on 17 September 2026; check the exchanges for the current figure.
At what price did RentoMojo list?
It listed at Rs 482.45 per share, a 19.42% premium over the Rs 404 issue price.
What time do IPO shares start trading?
Regular trading begins at 10:00 AM, after a special pre-open session from 9:00 to 9:45 AM where the opening price is discovered.
What was the RentoMojo IPO price band?
The price band was Rs 384 to Rs 404 per share, with a face value of Rs 1 and a lot size of 37 shares.
How many times was the RentoMojo IPO subscribed?
The issue was subscribed 72.47 times overall, reflecting strong demand across investor categories.
Is RentoMojo a profitable company?
Yes. It has reported a profit every year since FY23. Its FY26 profit was Rs 104.30 crore, though that included a one-off deferred tax credit of about Rs 36.64 crore.
What was the RentoMojo IPO GMP?
The unofficial grey market premium ranged from about Rs 30 to Rs 155 over the period. GMP is unregulated and does not forecast the actual listing price, which is set by the exchange.
Who is the promoter of RentoMojo?
Geetansh Bamania is the founder, Chairman, Managing Director and Chief Executive Officer of RentoMojo.
How do I check RentoMojo IPO allotment?
Use the registrar KFin Technologies, or the BSE and NSE websites, with your PAN, application number or DP client ID.
Was the RentoMojo IPO a fresh issue or OFS?
Both, but mostly an offer for sale. Only Rs 150 crore was a fresh issue for the company; the remaining Rs 1,105.57 crore went to selling shareholders.
What is RentoMojo’s market capitalisation?
At the listing price of Rs 482.45 the market value was about Rs 5,071 crore, up from roughly Rs 4,246 crore at the issue price.
Are RentoMojo listing gains taxable?
Yes. Gains on listed shares are taxable in India as capital gains, with the rate depending on how long the shares are held. Consult a tax professional for your case.
View this profile on Instagram
View this profile on Instagram
Want to understand IPOs, valuations and charts properly rather than chase listing-day noise? Start with the free trading course at Bimal Institute and learn to read the market for yourself.
Risk note: investing in shares carries a real risk of loss, and listing gains are never guaranteed. This article is for education only, is not investment advice, and is not a recommendation to buy, sell or hold any security. Grey market premium figures are unofficial and unregulated. Please read the offer document and consult a SEBI-registered adviser before investing.