RentoMojo IPO Subscribed 69% So Far On Day 1, NII Portion Booked 90%

by · Inc42

SUMMARY

  • RentoMojo’s ₹1,256 Cr IPO was subscribed 69% by 12:57 IST on the first day of bidding, led by demand from NIIs
  • The issue was nearing full subscription within the first few hours of bidding, even as demand from QIBs remained relatively muted
  • The IPO received bids for 1.50 Cr shares against 2.18 Cr shares on offer, with the NII, retail, and employee portions subscribed 90%, 76%, and 75%, respectively