Rentomojo Sets Rs 384-404 Price Band for Rs 1,256 Crore IPO
· Business · Economic Times, LiveMint
Furniture and appliance rental platform Rentomojo has fixed its IPO price band at Rs 384-404 per share for its Rs 1,255.57 crore public issue. The subscription window opens on September 9 and closes on September 11, with anchor investor bidding on September 8 and allotment expected by September 15. The issue comprises a Rs 150 crore fresh issue and an offer for sale of Rs 1,105.57 crore, with shares proposed to list on both NSE and BSE on September 17. Based on FY26 diluted EPS, the company is seeking a P/E of 38-40 times, and retail investors will need Rs 14,208-Rs 14,948 for a minimum lot of 37 shares.
Why it matters
The pricing gives Indian retail investors their first opportunity to buy into the asset-rental model pioneered by Rentomojo, while the Rs 1,105.57 crore OFS signals significant partial exit for early backers and tests whether the rental-economy thesis can sustain a 40x earnings multiple on Dalal Street.
Read the original report — Economic Times
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