At the current GMP, the estimated listing price is around Rs 547 per share. GMP Note: The grey market premium is an unofficial indicator of market sentiment and does not guarantee the actual listing price or returns.

GMP can fluctuate before listing based on investor demand, broader market conditions and overall market sentiment. Rentomojo IPO: Issue ObjectivesThe proceeds from the Rentomojo IPO will be used for several key corporate purposes.

A portion of the funds will go towards the repayment or prepayment, either in full or in part, of certain outstanding borrowings, along with the accrued interest on these loans. The company also plans to use part of the IPO proceeds to pay lease rentals and licence fees for its warehouses and experience stores.

The remaining funds will be utilised for general corporate purposes. About RentomojoRentomojo is an India-based D2C rental and subscription platform offering flexible access to furniture and appliances without upfront ownership costs.

The company manages the end-to-end asset lifecycle, including procurement, refurbishment, servicing, reverse logistics and redeployment, helping improve asset utilisation and capital efficiency. Rentomojo has maintained occupancy levels above 80% in recent financial years.

As of September 30, 2025, it had 728,773 live products and 227,511 subscribers across 22 cities, with offerings spanning furniture and appliances from brands such as Haier, Wakefit, Livpure and Duroflex, alongside its growing private-label portfolio. The company follows an omnichannel model with 67 experience stores and 21 warehouses covering 444,486 sq.

, supporting inventory management, fulfilment and asset lifecycle operations. Should You Subscribe to the Rentomojo IPO?

SBI Securities has given the Rentomojo IPO a “Subscribe” rating, citing the company’s market leadership, strong growth, improving profitability and favourable long-term industry outlook. According to the brokerage, Rentomojo is India’s largest organised furniture and appliance rental platform, backed by a recurring subscription-based business model and a growing subscriber base.

Its integrated operations across procurement, refurbishment, logistics and asset redeployment also help the company maximise the utilisation of its rental assets. 4%, respectively, between FY24 and FY26.

The brokerage believes the rising live subscriber base and unrecognised contracted revenue provide healthy revenue visibility, while strong asset occupancy and the ability to refurbish and redeploy products across multiple rental cycles support asset-level returns. Rentomojo is also positioned to benefit from broader structural trends, including increasing urban mobility, a growing share of unfurnished rental housing and rising consumer preference for flexible, asset-light consumption models.

However, SBI Securities has flagged several risks. The business remains capital intensive and is exposed to subscriber defaults, fluctuations in rental demand, geographic concentration and execution challenges related to maintaining asset utilisation and service quality.

4x based on FY26 earnings. Despite the relatively high valuation, SBI Securities believes the company’s market leadership, robust growth trajectory, improving profitability and favourable industry opportunity justify the premium.

The brokerage has therefore assigned a “SUBSCRIBE” rating to the Rentomojo IPO.

Terrence O' Brien is the Verge’s weekend editor. He’s covered the tech industry for over 18 years and knows a thing or two about synths. We don’t know a ton abo...