Rentomojo IPO (Image: Rentomojo.com)
\n\nRentomojo is set to make its debut in India’s primary market with a Rs 1,255.57 crore initial public offering (IPO), allowing investors to participate in the rental and subscription-based furniture and appliance business. The company has fixed the IPO price band at Rs 384-Rs 404 per equity share. The issue will open for subscription on September 9, 2026, and remain available for bidding until September 11.
\n\nAt the upper end of the price range, Rentomojo will command an implied market capitalisation of approximately Rs 4,006.2 crore.
\n\nThe IPO timeline begins with the anchor investor bidding window on September 8. After the three-day public subscription period, the basis of allotment is expected to be completed on September 15. Rentomojo is scheduled to make its stock market debut on both the NSE and BSE on September 17, subject to the proposed timetable.
\n\nRentomojo IPO: Fresh Issue, OFS And Shareholder Sale
\n\nThe public issue combines a fresh equity issue with an offer for sale (OFS). Under the fresh issue, the company will issue 37.15 lakh shares to raise Rs 150 crore. The comparatively larger portion of the IPO will come from the OFS, through which existing shareholders will sell…
Original source: https://www.timesnownews.com/business-economy
