Rentomojo IPO allotment today: GMP nears 40%; check status on BSE, NSE and registrar

New business data points to the fact that The allotment of shares in Rentomojo's Rs 1,255.57-crore initial public offering (IPO) is set to be finalised today, September 15, after the rental platform's public offering was subscribed nearly 73 times by the close of bidding.

The IPO received bids for 158.68 crore equity shares against 2.18 crore shares on offer, translating into an overall subscription of 72.88 times, according to NSE data. Qualified institutional buyers (QIBs) subscribed 177.29 times, while the non-institutional investor (NII) category was subscribed 67.93 times and the retail portion 15.59 times.

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The IPO opened on September 9 and closed on September 11. The price range was set at Rs 384-404 per share, with a minimum lot size of 37 shares. At the upper price range, a retail investor needed to invest Rs 14,948 for one lot. The shares are scheduled to list on the BSE and NSE on September 17.

Rentomojo shares keep command a premium in the grey market ahead of the allotment. According to InvestorGain, the latest GMP was around Rs 158 per share, implying an estimated stock-exchange debut price of Rs 562 at the upper end of the Rs 404 offering price. That translates into a potential stock-exchange debut premium of around 39.11 percent.

GMP is an unofficial indicator based on transactions in the unregulated grey market. It does not guarantee the actual stock-exchange debut price or returns and should not be viewed as a measure of Rentomojo's financial performance.

How to check Rentomojo IPO allotment status

Market participants can check their Rentomojo IPO allotment status through KFin Technologies, the registrar to the offering, as well as the BSE and NSE websites. The basis of allotment is scheduled for September 15, while refunds and demat credit are anticipated on September 16.

Rentomojo IPO allotment status via KFin Technologies

Step 1. Visit KFin Technologies IPO allotment status at https://ipostatus.kfintech.com/

Step 2. Select Rentomojo from the list of IPOs.

Step 3. Choose the relevant search option, such as PAN, application number or DP/Client ID.

Step 4. Enter the required details.

Step 5. Submit the form to view your allotment status.

Rentomojo IPO allotment status via BSE

1. Visit the BSE IPO application status at https://www.bseindia.com/market participants/appli_check

2. Select Equity as the offering type.

3. Choose Rentomojo from the offering list.

4. Enter your PAN or application number.

5. Submit the details to check the allotment status.

Rentomojo IPO allotment status via NSE

Step 1. Visit the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Step 2. Select the relevant IPO/bid details option.

Step 3. Choose Rentomojo from the available offering list.

Step 4. Enter the required PAN or application details.

Step 5. Submit the information to view the bid/allotment status.

The Rs 1,255.57-crore IPO consists of a fresh offering of Rs 150 crore and an offer-for-sale (OFS) of up to 2.73 crore shares worth around Rs 1,105.57 crore. The OFS will allow existing shareholders to sell part of their holdings.

The fresh offering proceeds will primarily be used to reduce the firm's debt and meet lease-related obligations. Rentomojo plans to use Rs 70 crore to repay or prepay borrowings and accrued interest, while another Rs 42.5 crore is earmarked for lease rentals or licence fees for warehouses and experience stores. The balance will go towards general corporate purposes.

Ahead of the IPO, Rentomojo boosted Rs 376.07 crore from anchor market participants on September 8. The firm allotted 93.08 lakh shares to anchor market participants at Rs 404 apiece.

The anchor book included global market participants such as BlackRock, Goldman Sachs and Theleme Partners. Domestic mutual funds accounted for a substantial portion of the allocation, with participation from fund houses including Kotak Mahindra AMC, ICICI Prudential AMC, HDFC AMC, Aditya Birla Sun Life AMC, Mirae Asset, Edelweiss, HSBC Mutual Fund, Motilal Oswal AMC and Invesco.

Rentomojo noted a 142 percent year-on-year gain in earnings to Rs 104.2 crore in FY26, compared with Rs 43.1 crore in FY25. Topline increased 45.5 percent to Rs 387 crore from Rs 266 crore during the same period.

The firm operates a subscription-based rental platform for furniture and appliances, combining online ordering with physical experience stores. Rentomojo is backed by market participants including Accel India and ValueQuest and operates across multiple Indian cities.

The IPO opened for subscription on September 9 and closed on September 11. The basis of allotment is scheduled for September 15, followed by refunds and demat credit on September 16. The stock is anticipated to make its market debut on September 17 on both BSE and NSE.

Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services are the merchant bankers managing the offering, while KFin Technologies is the registrar.