RentoMojo’s IPO was subscribed 17.18X by 13:27 IST on the final day of bidding, receiving bids for 37.41 Cr shares.
NIIs continued to drive demand, subscribing to 42.54X the shares reserved for them, while QIB participation rose sharply to 10.41X.
The retail and employee portions were subscribed 10.21X and 11.82X, respectively, according to BSE data.
The IPO received bids for 37.41 Cr shares against 2.18 Cr shares on offer, according to BSE data.
The portion reserved for non-institutional investors (NIIs) saw the strongest demand, receiving bids for 19.80 Cr shares against 46.54 Lakh shares on offer. The category was subscribed 42.54X.
Within the NII category, the portion for bids exceeding ₹10 Lakh was subscribed 45.41X. Meanwhile, the portion for bids of more than ₹2 Lakh and up to ₹10 Lakh was subscribed 36.81X.
Retail investors placed bids for 11.09 Cr shares against the 1.09 Cr shares reserved for them, translating into a subscription of 10.21X.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 10.41X, receiving bids for 6.46 Cr shares against 62.06 Lakh shares on offer.
The employee portion was subscribed 11.82X, getting bids for 6.16 Lakh shares against 52,083 shares reserved for the category.
The ₹1,255.57 Cr public issue comprises a fresh issue of shares worth ₹150 Cr and an OFS of up to 2.73 Cr shares worth ₹1,105.57 Cr. The IPO will close today, while the company’s shares are tentatively scheduled to list on the stock exchanges on Thursday (September 17).
RentoMojo
earlier raised around ₹376.1 Cr from anchor investors by allotting 93.1 Lakh equity shares to 41 investors at ₹404 apiece.
The company plans to use around ₹70 Cr of the fresh proceeds to repay or prepay certain borrowings, while ₹42.5 Cr will be deployed towards rental or licence payments for its offline stores and warehouses. The remaining capital will be used for general corporate purposes.
Founded in 2014 by Geetansh Bamania and Ajay Nain, RentoMojo operates a subscription-based platform for renting furniture, appliances, and other home essentials. It claims to operate 20 warehouses and 82 offline stores across 29 cities.
RentoMojo’s operating revenue rose 45.5% to ₹387 Cr in FY26 from ₹266 Cr in the previous fiscal year. Its profit after tax jumped nearly 142% to ₹104.3 Cr from ₹43.1 Cr in FY25, aided by a tax credit of ₹36.6 Cr.