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Rentomojo sets ₹384-404 IPO price band
The Hindu BusinessLine··4 Sept
Accel-backed Rentomojo set a price band of ₹384 to ₹404 per share for its $133 million IPO opening September 9, a filing showed. At the top end, the Bengaluru firm targets a valuation of about ₹4,200 crore. It is selling new shares worth up to ₹150 crore. Profit jumped 142% to ₹104 crore in the year ended March 31.
Prism
What It Means For You
- Anchor investors bid a day before the three-day share sale opens.
- Rentomojo had 253,825 live subscribers across 29 Indian cities as of March 31, 2026.
- IPO proceeds will repay debt and pay warehouse and experience store fees.
What's Happening
- Revenue climbed 45.5% to ₹387 crore in the same financial year.
- The company rents furniture, appliances and household products on a subscription model.
- Rentomojo has no listed peers, the filing noted.
Rentomojo IPO Price Band
- Founder and Accel are among existing investors selling shares in the offer.
- The price band equals $4.06 to $4.28 per share at the stated range.
- The IPO targets a valuation of about $444.52 million at the top end.
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