Furniture rental company RentoMojo will open its Rs 1,256 crore IPO on September 9, 2026, with a price band of Rs 384–404 per share. While the company reports revenue growth, investors should weigh the high proportion of shareholder exits against the limited capital infusion for business operations.
Furniture rental startup RentoMojo is set to launch its initial public offering (IPO) on September 9, 2026. The company has fixed its price band at Rs 384 to Rs 404 per share. The subscription window will remain open until September 11, 2026, with anchor investor bidding scheduled for September 8, 2026. Shares are expected to list on the NSE and BSE on September 17, 2026.
The total issue size is approximately Rs 1,256 crore. However, a significant portion of this is an offer-for-sale (OFS), where existing investors sell their stakes to the public. Out of the total amount, only Rs 150 crore is a fresh issue, which the company intends to use for debt repayment and operational expenses. The remaining Rs 1,106 crore will go to early backers, including Accel India IV, Chiratae Trust, and Edelweiss Discovery Fund, rather than into the company’s treasury for expansion.
Investors looking at the company’s financial health may want to examine the quality of its reported earnings for the fiscal year 2026. While the company reported a net profit of Rs 104.3 crore on an operating revenue of Rs 387 crore, a closer look at the filings shows that Rs 36.6 crore of this profit came from deferred tax credits. This means that a substantial part of the bottom line was not generated from core business operations but from accounting adjustments. When these non-operational gains are removed, the underlying profit figure is lower, which is a detail investors often track to understand true business profitability.
The company operates an asset-heavy business model, which involves purchasing, maintaining, and refurbishing furniture and appliances. Because the firm manages its own inventory and logistics, it requires a steady flow of cash for procurement and store-level operations. Maintaining high occupancy rates for its assets—recorded at 83.3% in the latest fiscal year—is essential for business sustainability. The company, which has partnered with firms like Dixon Technologies to source private-label goods, faces pressure from the unorganized rental sector and seasonal changes in demand for appliances.
For those tracking the company, the primary areas of focus will be the company’s ability to turn core operating revenue into consistent profit without relying on tax or accounting benefits, and how effectively it manages the high cost of maintaining physical assets. The next significant milestones for investors will be the anchor investor allocation details, the subscription numbers during the bidding period, and the subsequent trading performance upon listing.