Rentomojo IPO Price Band @ Rs384-404

Rentomojo’s Initial Public Offer to open on Wednesday, September 09, 2026

(L to R): Disha Doshi, Motilal Oswal Investment Advisors; Deepika Bhandiwad, Company Secretary and Compliance Officer, Rentomojo; Prabhat Verma, Head Engineering and Product, Rentomojo; Hakim Fakhruddin Ujjainwala, Chief Financial Officer, Rentomojo; Geetansh Bamania, Chairperson, Managing Director and Chief Executive Officer, Rentomojo; Ketan Krishna, Executive Director and Head- People & Governance, Rentomojo; Rohan Ajeet Kulkarni, VP Finance and Accounts, Rentomojo; Shantanu Chate, Axis Capit

FinTech BizNews Service 

Mumbai, 4 September, 2026: Rentomojo Limited  shall open the Bid/Offer in relation to its Initial Public Offer of Equity shares on Wednesday, September 09, 2026.

The Price Band of the Offer has been fixed at Rs 384 to Rs 404 per Equity Share. (“Price Band”).

• RHP Link: https://www.rentomojo.com/public/investor-relations/rhp/red-herring-prospectus.pdf 

Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter. (“Minimum Bid Lot”).

Geetansh Bamania, Chairperson, Managing Director and Chief Executive Officer, Rentomojo Limited  

The Anchor Investor Bidding Date shall be Tuesday, September 08, 2026. The Bid/Offer shall open on Wednesday, September 09, 2026.

The offer comprises of a fresh issue aggregating upto Rs1,500 million (Rs150 crores) (the “Fresh Issue”) and an offer for sale aggregating up to 27,365,529 Equity Shares (“Offer for Sale” and collectively with the Fresh Issue, the “Offer”). The face value of each Equity Share is Rs1.

The company proposes to utilise the net proceeds from the fresh issue towards:

1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company; 
2. Payment of lease rental/ license fee for the warehouses and experience stores of the Company (“Premises”); and   
3. General corporate purposes.  

Rentomojo offers a rental and subscription platform for furniture and appliances. Its operations involve performance marketing, branding activities. Rentomojo has over 70+ offline stores. As India's leading rental platform, it brings to you a wide range of products on rent.

The Equity Shares that will be offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges. For the purposes of the Offer, the Designated Stock Exchange shall be NSE.

Motilal Oswal Investment Advisors Limited, Axis Capital Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the book running lead managers to the Offer.