Politics · India Bureau
Rentomojo IPO enters Day 2 with modest 1.42x subscription so far
The rental platform's initial public offering continues subscription on its second day after securing 1.42 times the offered shares on Day 1. Investors can track allotment status and grey market premiums as the issue moves toward listing.
LSN India ·
Subscription windows for Rentomojo's IPO reopened at 10 am on Day 2, following a measured start to the issue on its opening day. The rental and asset-sharing platform had attracted subscriptions equivalent to 1.42 times the total offer size by market close on Day 1, indicating moderate investor appetite.
The subscription level, while representing initial interest, suggests cautious sentiment among retail and institutional investors. Market participants are closely monitoring the grey market premium (GMP) to gauge investor confidence in the listing. The GMP reflects the expected price at which shares are anticipated to trade when listed on exchanges.
Investors monitoring the IPO can check their subscription status through the official registrar portal and the platforms of participating brokers. The allotment of shares is expected following the closure of the subscription period, with listing details to be announced subsequently by stock exchange authorities.
Rentomojo, which operates a digital platform for renting consumer durables and appliances, is seeking to raise capital through this public market debut. The company joins a growing list of Indian fintech and platform-based businesses tapping the capital markets in recent months.