RentoMojo’s Post-IPO Test: Can The Flywheel Keep Going?

RentoMojo’s blockbuster IPO reflects investor confidence in its asset-heavy rental model, but the bigger test is whether utilisation and redeployment can sustain profitable growth

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One blockbuster listing after another is keeping India’s startup IPO market buzzing. After Shiprocket’s strong debut last month, ESDS extended its post-listing rally for the sixth consecutive trading session on Friday, with the stock now up 306% from its IPO price of ₹429. 

Now, the spotlight is shifting to furniture rental startup RentoMojo. If its IPO subscription is anything to go by, investors are already lining up for the next big listing. The ₹1,256 Cr issue closed with a whopping 72.88X overall subscription, led by a strong QIB response, while retail investors subscribed 15.59X. The IPO, which opened on September 9 and closed on September 11, attracted bids for 158.7 Cr equity shares against 217.7 Cr........

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