RentoMojo Makes Strong Market Debut, Lists At Nearly 19% Premium

by · Inc42

SUMMARY

  • RentoMojo’s shares listed at ₹482.45 on the NSE and ₹480 on the BSE, premiums of 19.42% and 18.81%, respectively, over the issue price of ₹404
  • The strong debut follows robust demand for the furniture and appliance rental startup’s IPO, which was subscribed nearly 73X
  • RentoMojo’s stock climbed to ₹500 on the BSE soon after listing, taking its market capitalisation to about ₹5,206 Cr ($543 Mn)