India’s rental economy is getting a new listed player.
Rentomojo, the Bengaluru-based furniture, appliance and electronics rental platform, has opened its IPO today, 9 September 2026.
The company is entering the market with strong revenue growth, sharply improving profitability and a business model built around the growing trend of renting instead of owning.
——>What Does Rentomojo Actually Do?
Rentomojo allows customers to rent products instead of purchasing them outright.
Its platform offers:
• Furniture
• Appliances
• Electronics
• Home & lifestyle products
Customers can rent products for the long term, upgrade them, return them or relocate them when required.
The model is particularly attractive for:
• Young professionals
• Millennials & Gen Z
• People relocating between cities
• Students
• Tenants
• Customers who prefer flexibility over ownership
Furniture remains the company’s largest revenue category, contributing roughly half of its revenue.
##Rentomojo IPO — Key Details
IPO Size: ₹1,255.57 crore
Price Band: ₹384–₹404/share
IPO Opens: 9 September 2026
IPO Closes: 11 September 2026
Lot Size: 37 shares
Minimum Investment: ₹14,948
Expected Listing: 17 September 2026
Listing: NSE & BSE
The IPO consists of:
Fresh Issue
₹150 crore
Offer for Sale
₹1,105.57 crore
That means nearly 88% of the IPO is an OFS, where existing shareholders are selling their shares.
$$IPO Scorecard
Growth: ⭐⭐⭐⭐⭐
Profitability: ⭐⭐⭐⭐
Business Model: ⭐⭐⭐⭐
Industry Opportunity: ⭐⭐⭐⭐
Valuation: ⭐⭐⭐
IPO Structure: ⭐⭐⭐
Risk: Medium–High
——>Financial Performance Is the Big Positive
Rentomojo’s growth has accelerated sharply.
Revenue
FY24: ₹192.70 crore
FY25: ₹265.96 crore
FY26: ₹386.98 crore
Revenue increased approximately 45% YoY in FY26.
Profit After Tax
FY24: ₹22.41 crore
FY25: ₹43.11 crore
FY26: ₹104.30 crore
That’s approximately 142% YoY profit growth in FY26.
@@KEY RISK
At around ₹4,246 crore valuation and ~39X FY26 earnings, the IPO is not cheap.