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  3. Rentomojo Limited’s Initial Public Offer to open on Wednesday, September 09, 2026
Business

Rentomojo Limited’s Initial Public Offer to open on Wednesday, September 09, 2026

 Rentomojo Limited’s Initial Public Offer to open on Wednesday, September 09, 2026

Rentomojo Limited (The “Company”), shall open the Bid/Offer in relation to its Initial Public Offer of Equity shares on Wednesday, September 09, 2026.

The Price Band of the Offer has been fixed at ₹ 384 to ₹ 404 per Equity Share. (“Price Band”).

Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter. (“Minimum Bid Lot”).

The Anchor Investor Bidding Date shall be Tuesday, September 08, 2026. The Bid/Offer shall open on Wednesday, September 09, 2026.

The offer comprises of a fresh issue aggregating upto ₹1,500 million (₹150 crores) (the “Fresh Issue”) and an offer for sale aggregating up to 27,365,529 Equity Shares (“Offer for Sale” and collectively with the Fresh Issue, the “Offer”). The face value of each Equity Share is ₹1.

The company proposes to utilise the net proceeds from the fresh issue towards:

  1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company;
  2. Payment of lease rental/ license fee for the warehouses and experience stores of the Company (“Premises”); and 
  3. General corporate purposes.

The Equity Shares that will be offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges. For the purposes of the Offer, the Designated Stock Exchange shall be NSE.

Motilal Oswal Investment Advisors Limited, Axis Capital Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the book running lead managers to the Offer.

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 32(1) of the SEBI ICDR Regulations. This Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion the “QIB Portion”) provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which, up to 40% of the Anchor Investor Portion shall be reserved in the following manner: (a) up to 33.33% shall be reserved for domestic Mutual Funds; and (b) up to 6.67% shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the price at which Equity Shares will be allocated to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Net Offer shall be available for allocation to NIBs in accordance with the SEBI ICDR Regulations of which (a) one third portion shall be reserved for Bidders with application size of more than ₹0.20 million and up to ₹1.00 million; and (b) two-thirds of the portion shall be reserved for Bidders with application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in other sub-category of the NIBs in accordance with SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price.

All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts (including UPI ID  in case of UPI Bidders using the UPI Mechanism), in which case the corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Bank(s), as the case may be, or under the UPI Mechanism, as applicable to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Offer through the ASBA process.

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