RentoMojo IPO Subscription Hits 17.18X On Final Day, NIIs Lead Demand

by · Inc42

SUMMARY

  • RentoMojo’s IPO was subscribed 17.18X by 13:27 IST on the final day of bidding, receiving bids for 37.41 Cr shares.
  • NIIs continued to drive demand, subscribing to 42.54X the shares reserved for them, while QIB participation rose sharply to 10.41X.
  • The retail and employee portions were subscribed 10.21X and 11.82X, respectively, according to BSE data.