Rentomojo IPO
Rentomojo IPO is a mainboard IPO raising ₹1,256 Cr at ₹384 – ₹404 a share. The smallest application you can make is 37 shares, costing ₹14,948 at the top of the band. Bidding has closed; the shares list on 17 Sept 2026. So far it has been subscribed 73× in total.
72.9 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
88% of this issue is existing shareholders cashing out. Only ₹150 Cr reaches the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs404. Checked: exchange issue size Rs1256 Cr vs derived Rs1255.6 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
The issuer names no comparable listed companies: “There are no listed companies in India or globally whose business model is comparable with that of our Company's business and comparable to our Company's scale of operations. Currently, there are no listed companies in India or globally that operate under a comparable business model and accordingly, there are no directly comparable industry peers for KPI benchmarking. Therefore, no industry comparison has been provided in relation to the Company.”
derived: cut-off price Rs404 / stated EPS Rs10.1 (FY26 (year ended March 31, 2026) diluted EPS, derived from Restated Financial Information per Ind AS 33). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.