RentoMojo Makes Strong Market Debut, Lists At Nearly 19% Premium

Furniture and appliance rental startup RentoMojo made a strong stock market debut, with its shares listing at a premium of nearly 19% over the IPO issue price.

The stock listed at ₹482.45 on the NSE, a premium of 19.42% over its issue price of ₹404. On the BSE, RentoMojo opened at ₹480, up 18.81% from the issue price.

The shares gained further following the listing and touched a high of ₹500 on the BSE. At 10:10 IST, the stock was trading at ₹500, up 23.76% over the issue price and 4.15% from its BSE opening price. The company’s market capitalisation stood at ₹5,205.74 Cr ($543 Mn).

This was about 30% higher than the valuation of approximately ₹4,006 Cr sought by the startup at the upper end of its IPO price band of ₹384-₹404.

The strong listing followed robust demand for RentoMojo’s ₹1,256 Cr IPO, which closed with an overall subscription of 72.88X.

Ahead of the public issue, RentoMojo raised ₹376.1 Cr from 41 anchor investors by allotting 93.1 Lakh shares at ₹404 apiece.

RentoMojo’s public issue comprised a fresh issue worth ₹150 Cr and an OFS of up to 2.74 Cr shares worth ₹1,105.6 Cr.

The OFS delivered sizeable cash-outs for RentoMojo’s early investors. Accel India pocketed around ₹317 Cr by selling 78.47 Lakh shares, clocking an 8.6X gross return.

Cofounder and CEO Geetansh Bamania received ₹34.31 Cr from selling 8.49 Lakh shares. Meanwhile, Rajeev Chitrabhanu HUF and Nazara Technologies founder Nitish Mittersain recorded gross returns of 265.97X and 152.45X, respectively, on the shares they sold through the OFS.

Accel, Edelweiss and ValueQuest retained substantial stakes in RentoMojo following the IPO, while IDG Ventures India Fund III, GMO Payment Gateway, GMO GFF and some other shareholders exited the startup completely.

Founded in 2014 by Bamania and Ajay Nain, RentoMojo operates a subscription-based platform for renting furniture, appliances and other household products.

As of March 2026, the startup had about 2.5 Lakh live subscribers and 8.5 Lakh live items across its furniture and appliance portfolio.

RentoMojo’s operating revenue jumped 45.5% to ₹387 Cr in FY26 from ₹266 Cr in the previous fiscal year. Its profit after tax surged nearly 142% YoY to ₹104.3 Cr, although this included a tax credit of ₹36.6 Cr.

The company’s EBITDA rose 38% YoY to ₹163.5 Cr in FY26, while its EBITDA margin narrowed to 41.5% from 43.6%. It generated around ₹170 Cr in operating cash flow during the year, while incremental capital expenditure stood at about ₹175 Cr as the startup expanded its rental inventory.

RentoMojo competes with the likes of Furlenco, Rentickle and Cityfurnish.

With its market debut, RentoMojo has become India’s first listed furniture and appliance rental startup.

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