RENTOMOJO SHARES
Rentomojo shares rally 6% after Q1 revenue rises 51%, normalised PAT grows 72% YoY
Rentomojo shares rallied after the company's first earnings report since its listing last month, which showed revenue up 50% year-on-year to Rs 126 crore in Q1 FY27. EBITDA rose to Rs 51 crore from Rs 34 crore, with margins st
$14 billion worth of IPO shares set for lock-in expiry to hit Dalal Street by December
In the upcoming three months, a significant event will unfold as lock-ins will expire for shares in 91 companies, releasing approximately $14 billion worth of stocks. Notably, the Central Mine Planning & Design Institute will see a release of 464 million shares. As various companies unlock shares through November and December, investors should closely analyze potential shareholder actions in the post-lock-in landscape.
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
Nuvama expects NSE to enter the largecap category and SBI Funds Management to become a midcap in AMFI’s H1 CY27 reshuffle. Bosch, Siemens Energy India and others may be upgraded, while several largecaps could move down. The revised classification will take effect from February 1, 2027, after H2 CY26 market-cap rankings.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
70% IPOs in September gave a listing bounty for investors. Can NSE beat its weak GMP?
In September, the IPO landscape has treated many investors kindly, yielding remarkable returns, although a few have faltered by listing under their initial offering prices. ESDS Software Solution stands out with its impressive performance, positively influencing market confidence. The NSE IPO attracted strong interest from institutional investors, showcasing optimism. Yet, a decline in NSE's grey market premium suggests tempered expectations for its launch.
ETSA 2026: Emergent shifting focus from AI software to business automation, says CEO Mukund Jha
The company is testing agents that can remain active in the background, monitor business metrics and help with tasks such as cash-flow analysis, scheduling and social media management. More than half of its team is working on its core agent technology, he said.
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Government seeks long-term funds to boost infrastructure work
India is grappling with a funding shortfall as long-term liabilities are rapidly decreasing. With bank deposits and debts maturing in less than three years, crucial infrastructure projects requiring decades of support are at risk. To counter this issue, insurance and pension products are proposed to generate longer-term liabilities for investment, alongside tax incentives targeted at long-term savings.
Six companies debut on bourses; four deliver premium listings
On Thursday, six companies entered the stock market. LCC Projects and Karamtara Engineering opened with premiums over their respective issue prices. Meanwhile, Rentomojo and Steamhouse India experienced positive gains on the NSE. The Asset Reconstruction Company had a flat debut, while Manipal Payment and Identity Solutions slightly dipped at listing compared to its issue price.
ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
Happy Friday! Theranautilus is set to begin human trials of its nanorobot-based dental tech soon. This and more in today’s ETtech Morning Dispatch.
Rupee down nearly 6% in 2026, further weakening possible: Axis Bank
The rupee may need further depreciation to address trade shocks. Its real effective exchange rate has fallen to a 2013 taper tantrum level. Economists suggest a potential 10% weakening of the REER within a year. Global trends and domestic rates might be misaligned, causing currency pressure. The Reserve Bank of India has sold significant dollars to support the rupee.
NSE IPO subscribed 0.43 times on day 1, NII bids highest
The National Stock Exchange's large initial public offering saw limited subscription on its first day. Non-institutional investors placed the most bids, while retail and qualified institutional buyers showed less interest. This offer for sale involves existing shareholders selling their stakes, not raising new capital for the exchange. The subscription period remains open until September twenty-first, with shares expected to list soon after.
Accel-backed Rentomojo lists on Dalal Street at 19% premium
On Dalal Street, Rentomojo celebrated its debut with a robust nineteen percent premium on shares. The overwhelming demand for its initial public offering not only eclipsed forecasts but also provided early investors, including the founder, significant paper gains. With eyes set on the market, Rentomojo plans to amplify awareness of furniture and appliance rentals alongside expanding into fresh categories.
UPI MDR worries new-age brokers; India's semiconductor ambitions
India’s new MDR framework for UPI is raising concern among new-age stockbrokers, who are planning to take it up with Sebi. This and more in today’s ETtech Top 5.
Up to 152X return! Rentomojo IPO delivers eye-popping gains to Nitish Mittersain, other early backers
Rentomojo’s stock market debut has turned into a major windfall for early investors, with Nazara Technologies founder Nitish Mittersain set to clock a 152X return on his investment based on the IPO’s upper price band. Several other early backers, including Accel India, Madison India and Rajeev Chitrabhanu, are also poised to unlock multi-fold gains following the company’s listing on Thursday.
Rentomojo shares jump 9% after listing at 19% premium over IPO price. Can the debut-day mojo last?
Rentomojo shares surged 9% after a strong debut, taking gains to 30% above the IPO price. The stock listed at a 19% premium and rallied to Rs 526.70 within an hour. While analysts see long-term potential, they have flagged valuation concerns and advised caution after the sharp listing-day gains.
Rentomojo shares list at 19% premium over IPO price
The Rs 1,255.57 crore IPO was priced at Rs 404 per share and included both a fresh issue and an offer for sale (OFS). The fresh issue comprised 37.15 lakh equity shares worth Rs 150 crore, while the OFS component consisted of 2.73 crore shares valued at Rs 1,105.57 crore.
Steamhouse shares debut at 17% premium over IPO price on NSE
The Rs 414 crore IPO comprised a fresh issue of Rs 353 crore and an Offer for Sale (OFS) of Rs 61 crore. The company had set the IPO price band at Rs 77–Rs 81 per equity share.
Karamtara Engineering shares make strong debut, list at 26% premium over IPO price
The IPO, which opened for subscription on September 9, 2026, and closed on September 11, 2026, received an overwhelming response, with the issue subscribed 66.01 times overall.
Rentomojo IPO allotment likely today: GMP signals 39% listing gain. Here’s how to check status
Rentomojo’s Rs 1,255.57-crore IPO allotment is expected to be finalised after the issue drew nearly 73 times subscription. A Rs 158 grey market premium indicates a potential 39% listing gain, with shares scheduled to debut on the NSE and BSE on September 17, 2026.
Final call for IPO investors: 6 mainboard issues including Karamtara Engineering, Steamhouse India, LCC Projects & others close today; check GMP, subscription data
The six IPOs currently open for subscription include Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, and Asset Reconstruction.
Rentomojo IPO Day 3: GMP at 33%, subscription reaches 4.71 times. Should you subscribe?
Rentomojo IPO entered its final bidding day after being subscribed 4.71 times by Day 2. A 33% grey market premium and SBI Securities’ ‘Subscribe’ rating have boosted investor interest.
6 mainboard IPOs enter Day 2: Karamtara Engineering, Steamhouse India, LCC Projects & more; check GMP, subscription status
Six mainboard IPOs are in their second day of bidding, with subscriptions closing on September 11. The issues include Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, and Asset Reconstruction. Rentomojo is the largest, aiming to raise Rs 1,255.57 crore.
Habuild CEO on user loyalty; Flipkart Minutes gets its own app
Happy Thursday! Habuild CEO Saurabh Bothra said repeat users are helping the company drive growth. This and more in today’s ETtech Morning Dispatch.
Rentomojo IPO day 2; GMP signals 35% potential listing gains. Should you subscribe?
Rentomojo is currently in the second day of its initial public offering, displaying an impressive grey market premium of thirty-five percent. Retail investors have eagerly subscribed, exceeding their quota by one point fifty-four times. The company plans to allocate the IPO funds towards debt repayment and essential operational costs. Analysts recommend subscription due to Rentomojo's strong market position and promising growth potential.
Rentomojo’s Rs 1,256 crore IPO sails through on launch day; anchors invest Rs 376 crore
Rentomojo’s initial public offering (IPO) received 1.42 times the shares on offer on day one, led by non-institutional investors. The Bengaluru-based furniture and home appliances rental startup is seeking Rs 150 crore in fresh capital, while existing investors are selling shares worth Rs 1,106 crore through an offer for sale (OFS).
Rentomojo IPO Day 1: Issue fully subscribed at 1.42 times, GMP signals 32% potential listing gains. Should you subscribe?
Rentomojo IPO GMP: The Rentomojo IPO opens for subscription on September ninth, drawing significant investor attention. The stock currently commands a substantial grey market premium, indicating strong listing expectations. The issue comprises both fresh equity and an offer for sale, with proceeds allocated to debt repayment and general purposes. Anchor investors have already committed funds, and share allotment is expected by mid-September.
Rentomojo, Karamtara Engineering, 4 other mainboard IPOs open for bidding. Check GMP & other key details
Six mainboard IPOs, including Rentomojo, Karamtara Engineering and LCC Projects, opened for subscription on September 9. With a combined issue size of over Rs 4,500 crore, investors have multiple offerings to choose from. Here’s a look at the issue sizes, price bands, lot sizes, GMPs and key dates
Rentomojo IPO: BlackRock among investors in Rs 376 crore anchor round
Rentomojo has raised Rs 376 crore from anchor investors ahead of its IPO, which opens on September 9. The company allotted 93 lakh shares to 41 investors at Rs 404 apiece. BlackRock, Goldman Sachs, ICICI Prudential Mutual Fund, HDFC Mutual Fund and other institutional investors participated in the anchor book.
Rentomojo IPO may unlock 152x gain for Nazara Tech founder Nitish Mittersain
Rentomojo, the furniture and appliance rental company, is gearing up for a significant IPO, poised to raise over one thousand crore rupees. Nitish Mittersain stands to gain immensely, potentially realizing a staggering 152-fold return on his investment through the sale of some shares. The firm intends to utilize the proceeds from the fresh issue for debt clearance and boosting operational capacities.
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