Rentomojo Limited has announced the opening of its initial public offering on September 9, 2026, with a price band fixed at ₹384 to ₹404 per equity share. The offer will remain open for bidding until September 11, 2026, while anchor investor bidding is scheduled for September 8, 2026.
The IPO comprises a fresh issue of equity shares aggregating up to ₹1,500 million (₹150 crore) and an offer for sale of up to 2,73,65,529 equity shares. Each equity share carries a face value of ₹1. Bidders must apply for a minimum lot of 37 equity shares and in multiples of 37 thereafter. At the cap price of ₹404, the minimum application amount works out to approximately ₹14,948.
The company intends to deploy proceeds from the fresh issue toward repayment or prepayment of outstanding borrowings, payment of lease rentals and licence fees for its warehouses and experience stores, and general corporate purposes. The offer-for-sale component will not generate any proceeds for the company.
The equity shares are proposed to be listed on the National Stock Exchange, which is the designated stock exchange for the offer. Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services are the book running lead managers to the issue.
The offer follows the book-building process under SEBI’s ICDR Regulations. Not more than 50 per cent of the net offer is reserved for qualified institutional buyers, at least 15 per cent for non-institutional bidders, and not less than 35 per cent for retail individual bidders. Employees are also eligible to apply under a reserved portion.
All bidders, except anchor investors, must participate through the ASBA process. The red herring prospectus, filed with the Registrar of Companies, Karnataka, is available on the SEBI website and the websites of the book running lead managers and the company.