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Rentomojo (Edunetwork Pvt. Ltd.) IPO

Listed

NSE, BSE · MAINBOARD · Registrar: Link Intime India

GMP Today

+86

~21.3% indicative

IPO Details

Price Band₹398 – ₹404
Lot Size37 shares
Min Investment₹14,948
Issue Size₹600 Cr
Open Date9 Sep 2026
Close Date11 Sep 2026
Listing Date18 Sep 2026
RegistrarLink Intime India
ExchangeNSE, BSE
Listing Price₹490
Listing Gain+21.29%

About Rentomojo (Edunetwork Pvt. Ltd.)

Rentomojo is India's leading subscription-based furniture and appliance rental platform, offering monthly rental plans for furniture, electronics, and home appliances to young professionals and students in major Indian cities. The company operates a full-stack model covering procurement, warehousing, delivery, installation, and maintenance. Rentomojo serves customers across 15+ cities with a technology-driven inventory management and logistics platform.

Lead Manager

Morgan Stanley India, Kotak Mahindra Capital

5-Point Technical Gauge

Institutional Quant Model
STRONG DEMAND SETUP

High indicative premium & strong institutional subscription

GMP Demand
+21.3% (₹86)
Gauge Score
92 / 100 Rating

Educational quantitative model based on indicative GMP and subscription data. Not investment advice or a trade recommendation.

Factors to Consider Before Applying in IPO

4 / 5 Passed

Valuation Attractiveness

P/E is in-line or attractive vs listed industry peers

GMP Listing Premium

Current GMP indicates healthy estimated listing gain

Institutional Demand

QIB & Anchor allocation well-subscribed by tier-1 funds

Financial Growth Record

Positive revenue growth; operating margins moderate

Regulatory DRHP Review

No promoter share pledging; clean statutory audit report

Educational due diligence checklist. Not investment advice or a trade recommendation. Always read the complete RHP filed with SEBI.

Subscription Status

Day-wise

Day 1
3.20x
Day 2
9.80x
Day 3
24.50x

Category-wise

QIBQualified Institutional
31.00x
NIINon-Institutional (HNI)
28.50x
RIIRetail Individual
14.20x

How to Apply

  1. Open your broker app

    Use Zerodha, Groww, Upstox, or Dhan. Go to the IPO section.

  2. Select this IPO

    Search for "Rentomojo (Edunetwork Pvt. Ltd.)" in the open IPOs list.

  3. Enter lot quantity

    Minimum 1 lot = 37 shares. Apply at cutoff price for best allotment chances.

  4. Enter your UPI ID

    Your UPI ID will receive a mandate request. The amount is blocked, not debited.

  5. Approve UPI mandate

    Open your bank UPI app and approve the mandate within 30 minutes.

  6. Wait for allotment

    Allotment happens within 6 business days. Check status on the registrar website.

Regulatory Notice & Non-Advisory Mandate

Zero-Advisory

The FinBasis — Institutional-style market intelligence and IPO analytics for Indian investors. For educational and informational purposes only. Not investment advice. We are NOT a SEBI-registered Investment Adviser or Research Analyst. No content published on this platform constitutes a recommendation, buy/sell call, or financial advice.

Grey Market Premium (GMP) Notice: Grey Market Premium (GMP) – unofficial market estimate. Indicative premium based on grey market data. Not regulated by SEBI. Grey market trades operate outside regulated stock exchanges (NSE/BSE) without clearing corporation protection. Always conduct independent due diligence using the official Red Herring Prospectus (RHP).

Securities investments are subject to market risks. Please read all scheme and offer documents carefully and consult a qualified, registered financial adviser before making any investment decision.