Rentomojo Limited IPO to Raise Up to ₹150 Crore Through Fresh Issue

Rentomojo Limited will open its Initial Public Offer (Rentomojo Limited IPO) for subscription on Wednesday, September 9, 2026, with the price band fixed at ₹384 to ₹404 per Equity Share. The Rentomojo Limited IPO will remain open until Friday, September 11, 2026.

The Anchor Investor bidding period for the Rentomojo Limited IPO will take place on Tuesday, September 8, 2026. Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter.

The floor price of the Rentomojo Limited IPO is ₹384 per Equity Share, while the cap price is ₹404 per Equity Share. The face value of each Equity Share is ₹1.

Rentomojo Limited IPO Details

Rentomojo Limited, referred to as the “Company” in the offer documents, will launch the Bid/Offer for its Initial Public Offer of Equity Shares on September 9, 2026.

The Rentomojo Limited IPO comprises a fresh issue aggregating up to ₹1,500 million, or ₹150 crore, and an Offer for Sale of up to 27,365,529 Equity Shares. The fresh issue and Offer for Sale together constitute the Offer.

The Equity Shares being offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges. The National Stock Exchange of India (NSE) has been designated as the Designated Stock Exchange for the Rentomojo Limited IPO.

Use of Fresh Issue Proceeds

Rentomojo Limited has proposed to utilise the net proceeds from the fresh issue for several purposes.

The proceeds will be used towards:

• Repayment or prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company;
• Payment of lease rental or license fee for the Company’s warehouses and experience stores, referred to as “Premises”; and
• General corporate purposes.

The fresh issue component of the Rentomojo Limited IPO is capped at ₹1,500 million, while the Offer for Sale comprises up to 27,365,529 Equity Shares.

Rentomojo Limited IPO Price Band and Bid Lot

The price band for the Rentomojo Limited IPO has been fixed at ₹384 to ₹404 per Equity Share.

Investors can place bids for a minimum of 37 Equity Shares. Thereafter, bids can be made in multiples of 37 Equity Shares.

Based on the price band, the minimum bid will therefore comprise 37 Equity Shares. The Rentomojo Limited IPO will follow the Book Building Process in accordance with the applicable Securities and Exchange Board of India (SEBI) regulations.

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Rentomojo Limited IPO Anchor Investor Bidding

The Anchor Investor bidding period for the Rentomojo Limited IPO is scheduled for Tuesday, September 8, 2026, a day before the IPO opens for other investors.

Under the offer structure, not more than 50% of the Net Offer will be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs).

The Company, in consultation with the Book Running Lead Managers (BRLMs), may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations.

Of the Anchor Investor Portion, up to 40% will be reserved in the prescribed manner. Up to 33.33% of the Anchor Investor Portion will be reserved for domestic Mutual Funds, while up to 6.67% will be reserved for Life Insurance Companies and Pension Funds.

The allocation to domestic Mutual Funds, Life Insurance Companies and Pension Funds will be subject to valid bids being received at or above the price at which Equity Shares are allocated to Anchor Investors, referred to as the Anchor Investor Allocation Price.

In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares will be added to the QIB Portion, excluding the Anchor Investor Portion, which will constitute the Net QIB Portion.

QIB Allocation in Rentomojo Limited IPO

Under the Rentomojo Limited IPO structure, 5% of the Net QIB Portion will be available for allocation on a proportionate basis to Mutual Funds only.

The remaining Net QIB Portion will be available for allocation on a proportionate basis to all QIBs other than Anchor Investors, including Mutual Funds, subject to valid bids being received at or above the Offer Price.

If aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available under the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

NIB and Retail Investor Allocation

Not less than 15% of the Net Offer under the Rentomojo Limited IPO will be available for allocation to Non-Institutional Bidders (NIBs), in accordance with the SEBI ICDR Regulations.

Of this portion, one-third will be reserved for bidders with an application size of more than ₹0.20 million and up to ₹1.00 million. Two-thirds will be reserved for bidders with an application size of more than ₹1.00 million.

Any unsubscribed portion in either of these sub-categories may be allocated to bidders in the other NIB sub-category in accordance with the SEBI ICDR Regulations, subject to valid bids being received at or above the Offer Price.

For retail investors, not less than 35% of the Net Offer will be available for allocation to Retail Individual Bidders (RIBs), subject to valid bids being received from them at or above the Offer Price.

The Rentomojo Limited IPO will also provide for an Employee Reservation Portion. Equity Shares under this portion will be allocated on a proportionate basis to Eligible Employees, subject to valid bids being received from them at or above the Offer Price.

ASBA and UPI Participation

All bidders, except Anchor Investors, will be required to participate in the Rentomojo Limited IPO through the Application Supported by Blocked Amount (ASBA) process.

Bidders will have to provide details of their respective ASBA accounts. This includes the UPI ID in the case of UPI bidders using the UPI mechanism.

Under the ASBA or UPI mechanism, the corresponding bid amounts will be blocked by the Self-Certified Syndicate Banks (SCSBs), Sponsor Bank(s), or through the UPI mechanism, as applicable.

Anchor Investors will not be permitted to participate in the Anchor Investor Portion of the Rentomojo Limited IPO through the ASBA process.

Rentomojo Limited IPO Book Running Lead Managers

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 Rentomojo Limited IPO.

The offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules (SCRR), read with Regulation 32(1) of the SEBI ICDR Regulations.

The Rentomojo Limited IPO is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations.

Rentomojo Limited IPO Key Dates