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Rentomojo IPO

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LISTEDMAINBOARDEquity

Rentomojo

Price band
₹384 – ₹404
Lot size
37 shares
Min investment
₹14,948
Issue size
₹1,255.57 Cr

About the company

Rentomojo Limited was started in April 2012. It runs an online platform where people rent home furniture and appliances on a monthly subscription instead of buying them. The customer can rent, return, upgrade or shift the product to a new city without paying a large amount upfront or being stuck with ownership. Its range covers everyday home items such as beds, mattresses, washing machines, refrigerators, wardrobes, sofas, televisions and water purifiers. As on 31 March 2026 it had 851,184 items live with customers. The company handles the whole life of the asset itself, covering what to stock, product design, buying, refurbishing, servicing, taking the item back and putting it out again to the next customer. Because one item can be rented out over several cycles, this model decides how well the money invested in assets is recovered. It sells both online and through 82 experience stores across India. As on 31 March 2026 it had 253,825 live subscribers across 29 cities and ran 20 warehouses covering 538,933 square feet. In FY2026 its average delivery time was 2.35 days and its occupancy rate was 83.34%.

Rentomojo Limited runs a direct-to-consumer online rental and subscription platform for home furniture and appliances. As on 31 March 2026 it had 253,825 live subscribers across 29 cities, 851,184 live items on rent, 82 experience stores and 20 warehouses covering 538,933 square feet.

IPO details

Issue price
₹404
Price band
₹384 – ₹404
Face value
₹1
Lot size
37
Min investment
₹14,948
Issue size
₹1,255.57 Cr
Sale type
Fresh capital cum OFS
Listing on
BSE, NSE
BSE scrip code
7951
NSE symbol
RENTOMOJO.NS
Employee discount
Rs 20.00 per share

Lot size & investment by category

APPLICATIONLOTSSHARESAMOUNT
Retail (Min)137₹14,948
Retail (Max)13481₹1,94,324
S-HNI (Min)14518₹2,09,272
B-HNI (Min)672,479₹10,01,516

Investor reservation

CATEGORYRESERVED
QIBNot more than 50% of the Net Offer
RetailNot less than 35% of the Net Offer
NIINot less than 15% of the Net Offer

Objects of the issue

1Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by our Company70.00
2Payment of lease rental/ license fee for our warehouses and experience stores42.50
3General corporate purposes

Financials

Rs. Crore • restated
METRIC31 Mar 202631 Mar 202531 Mar 2024
Assets641.12449.87366.20
Total Income394.09271.96195.80
Profit After Tax104.3043.1122.41
EBITDA163.46118.4478.15
NET Worth295.81183.61139.61
Reserves and Surplus291.71182.94138.94
Total Borrowing187.59154.58147.22

Key performance indicators

P/E Ratio
40.73
EPS (₹)
9.92
RoE
43.51%
RoCE
25.34%
RoNW
43.51%
PAT Margin
26.95%
EBITDA Margin
41.48%
Debt / Equity
0.63
NAV (₹)
28.65

✓ Strengths

• Profit has grown very fast, from Rs 22.41 crore in FY2024 to Rs 43.11 crore in FY2025 and Rs 104.30 crore in FY2026.
• Sales have doubled in two years, from Rs 195.80 crore in FY2024 to Rs 394.09 crore in FY2026, a rise of 45% in the last year.
• EBITDA more than doubled over the same period, from Rs 78.15 crore to Rs 163.46 crore.
• Return ratios are good, with RoCE of 25.14% and RoNW of 26.67%, and a PAT margin of 16.21%.
• The subscriber base is large and spread out, at 253,825 live subscribers across 29 cities as on 31 March 2026.
• The company handles the full life of the asset itself, from buying and refurbishing to putting the item out again, so one item can earn over several rental cycles.
• Its occupancy rate was 83.34% in FY2026, which means most of the assets it owns were actually out on rent and earning.
• It has real infrastructure behind the service, with 82 experience stores, 20 warehouses of 538,933 square feet and an average delivery time of 2.35 days.

⚠ Risks

• The issue is priced high on earnings. At the upper band of Rs 404 the P/E is about 40.73 times on an EPS of Rs 9.92.
• There is no dominant promoter. Promoter holding is only 21.49% before the issue and falls to 19.94% after it, and the promoter names are not stated in the data available to us.
• This is a capital heavy business despite being called a platform. Furniture and appliances have to be bought upfront and the money comes back slowly over many rental cycles.
• Everything depends on occupancy. The 83.34% occupancy rate is what makes the model work, and a fall in it would hit returns quickly because the asset cost is already sunk.
• Borrowing has gone up every year, from Rs 147.22 crore in FY2024 to Rs 187.59 crore in FY2026.
• Rs 42.50 crore of the issue money goes towards lease rent and licence fees for warehouses and stores. That is a running cost, not an asset the company will own.
• Rented items come back used. Damage, repair and the fall in value of older stock are permanent costs in this business.
• Competition comes from cheap online buying options and from other rental platforms, and customers can simply choose to buy instead of rent.
• This is a fresh issue combined with an offer for sale, so a part of the money goes to the selling shareholders and not to the company.

Promoters & holding

Pre-issue promoter holding
21.49%
Post-issue promoter holding
19.94%

Data refreshed 07 Nov 2026, 04:59 pm IST. GMP is unofficial market sentiment, not investment advice.