Bidding closedMainboardRENTOMOJO

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.

384 – 404
Price band
14,948
Minimum to apply (37 shares)
1,256 Cr
Issue size
11 Sept 2026
Bidding closes
73×Subscribed · all exchanges

72.9 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

What the prospectus says could go wrong

Read from the 436-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 696 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.

Severelitigationpage 36

NCLT petition seeks to block the IPO

A company petition under sections 241 to 244 and 246 read with 213 of the Companies Act, 2013 has been filed by Ajay Nain, erstwhile director... Petitioner has sought... directing our Company to not file the Draft Red Herring Prospectus with SEBI or Stock Exchanges and take any steps towards the proposed initial public offering
Severelitigationpage 34

Warehouse fire caused ₹110.20M loss with sub-lessor dispute

On June 10, 2026, a fire occurred at one of our warehouses located in Dhoom Manikpur, Dadri, Noida... The incident resulted in losses of approximately ₹ 110.20 million and has resulted in adverse publicity. The Sub-Lessor issued a legal notice dated June 15, 2026... seeking indemnification
Severefinancialpage 51

Negative working capital with asset-liability mismatch

we have negative working capital, with our current liabilities exceeding our current assets, and our current ratio is below 1.0... 38.52%, 45.16% and 50.95% of our current liabilities comprised of current maturities of our long-term borrowings. However, the proceeds from such borrowings are primarily deployed towards acquisition of rental assets, which are classified as non-current assets and generate revenue over their useful life. This results in an accounting mismatch between the classification of our liabilities and assets
Severefinancialpage 47

Declining occupancy and ROCE compression on rental base

resulting in a moderation of occupancy levels, Adjusted Return on Capital Employed and Return on Net Worth between Fiscals 2024 and 2026
Severeregulatorypage 39

April 2023 cyber-attack and subscriber PII theft

in April 2023, we suffered a cyber-attack and our team identified a security breach that involved unauthorised access to one of our databases... The breach resulted in theft of personally identifiable information of certain subscribers
Severeregulatorypage 62

BEE energy efficiency rules may shorten asset useful life

BEE star ratings for electrical appliances are generally updated by the relevant authorities every year or periodically to reflect improvements in technology and energy efficiency standards... Governments and regulatory bodies may introduce stricter environmental standards, including limitations on the sale, resale, rental or continued use of products with lower energy‑efficiency ratings
Severeregulatorypage 45

GST statutory dues delays aggregating ~₹170 million

Goods and services tax... 35 [instances] 169.72 [₹ million delayed in Fiscal 2026]
Highregulatorypage 38

DPDP Act penalties up to ₹2,500 million for breaches

penalties of up to ₹2,500 million can be levied, if we fail to implement reasonable security standards to prevent personal data breaches as prescribed under the DPDP Act
Highconcentrationpage 30

97.9% revenue concentration in furniture/appliance rentals

We derive most of our revenues by renting furniture and appliances (along with other recurring subscription revenue) (97.90%, 98.20% and 98.19% of our revenue from operations for Fiscals 2026, 2025 and 2024, respectively)
Highconcentrationpage 34

Revenue concentration in top tier-1 cities at 89.51%

A significant portion of our revenue is derived from certain tier-1 cities of India such as Bengaluru (Karnataka), Mumbai (Maharashtra) and Hyderabad... 3,463.82 ... 89.51% [of revenue from operations in Fiscal 2026]
Highfinancialpage 33

Negative retained earnings of ₹1,217M despite reported profit

we had negative retained earnings in the last three Fiscals, despite reporting profitability... Retained earnings (₹ million) (1,217.01) (2,263.62) (2,694.33)
Highoperationalpage 32

Dependence on Dixon for private label appliances

we expanded our portfolio and launched private label refrigerators and washing machines manufactured in partnership with Dixon Technologies (India) Limited ('Dixon')... For third-party contract manufacturers, we rely on a limited number of suppliers
Highlitigationpage 35

Promoter faces ₹372.5M aggregate litigation

Against the Promoter ... 1 ... 372.50 [Aggregate amount involved (₹ million)]
Highpromoterpage 72

Massive PE/VC exit via Offer for Sale

Up to 27,365,529 Equity Shares of face value of ₹1 each aggregating up to ₹[●] million

Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.

What’s in court

The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹40 Cr.

AgainstCriminalTaxOther materialAmount at stake
The company01522.3 Cr
Promoters10137 Cr
Directors2110.0 Cr
Subsidiaries000
Group companies000
case₹37 Crpage 344

Ajay Nain FIR dated 02-Jul-2026 against Promoter/MD/CEO, CFO and others under IPC §§418, 420, 120B alleging ₹372.50 million unlawful loss from share transfers; Karnataka HC granted interim stay on 17-Jul-2026

case₹2.3 Crpage 346

Company tax proceedings — 1 direct tax case (₹0.67M) and 14 indirect tax cases (₹22.64M) aggregating ₹23.31 million (as certified by N B T and Co, Chartered Accountants, certificate dated 03-Sep-2026)

casepage 343

Ajay Nain company petition before NCLT Bengaluru (filed 25-Mar-2026) against Company, Promoter, Directors, CFO, RM Employee Benefit Trust and Beacon Trusteeship, seeking removal of Promoter, declaring share sale to RM EBT void, restoration of shareholding and restraint on DRHP/IPO filing

casepage 343

MCD Office of Executive Engineer (Building)-II stoppage notice dated 03-Aug-2026 to Company for store at A-439 New Ashok Nagar, Delhi, alleging commercial misuse in contravention of Master Plan for Delhi-2021; Company to stop activity and pay misuse charges

casepage 344

PCR 393/2021 by Arun Goenka against T. Nagaraju, Independent Director Prashanth Prakash and 12 others before local police station alleging illegal sale of property; complainant yet to record sworn statement before magistrate

Amounts stated in text in ₹ million; converted to ₹ crore (1 crore = 10 million). Company tax total ₹23.31M = ₹2.331 crore (0.67 direct + 22.64 indirect). Directors tax ₹0.06M = ₹0.006 crore (excluding Promoter per footnote). Ajay Nain FIR ₹372.50M = ₹37.25 crore is the complainant's alleged financial loss (not adjudicated). Grand total of uniquely quantified amounts = ₹395.87M = ₹39.587 crore. No group companies. Ajay Nain FIR and NCLT petition counted against multiple parties (Company, Promoter, Directors, KMP, Senior Management); same case references not duplicated. Materiality Threshold for non-tax civil/arbitration: ₹28.30 million.. Outstanding means unresolved — a listed case is an exposure, not a verdict.

Source documents

What the issuer and the exchanges published. Everything else on this tab is read out of these.