Rentomojo IPO Subscription Update: Issue Subscribed 1.42x on Day 1
On the first day, Rentomojo received bids for 3,08,14,969 shares against 2,17,72,311 shares available for subscription, according to NSE data. The retail investor category was subscribed 1.54x, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 2.46 and 0.41 bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| Sr. No. | Category | No. of Times of Total Meant for the Category |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.41x |
| 2. | Non-Institutional Investors | 2.46x |
| 3. | Retail Individual Investors (RIIs) | 1.54x |
| 4. | Employees | 1.72x |
| - | Total | 1.42x |
Overview & Purpose
Rentomojo is offering approximately 3.11 crore equity shares, comprising a fresh issue of 37.15 lakh shares aggregating to Rs150 crore and an Offer for Sale (OFS) of up to 2.74 crore shares aggregating to Rs. 1,105.57 crore by existing shareholders.
The company plans to utilise the fresh issue proceeds towards repayment/prepayment of certain borrowings, payment of lease rentals and licence fees for its warehouses and experience stores, and general corporate purposes. The proceeds from the OFS will be received by the respective selling shareholders.
| Price | Cumulative Quantity |
|---|---|
| Cut-Off | 1,42,96,430 |
| 404 | 3,08,20,408 |
| 403 | 3,08,25,514 |
| 402 | 3,08,28,474 |
| 401 | 3,08,31,656 |
| 400 | 3,08,38,020 |
| 399 | 3,08,38,353 |
| 398 | 3,08,38,538 |
| 397 | 3,08,38,575 |
| 396 | 3,08,39,278 |
| 395 | 3,08,41,128 |
| 394 | 3,08,42,571 |
| 393 | 3,08,42,682 |
| 392 | 3,08,42,830 |
| 391 | 3,08,43,126 |
| 390 | 3,08,46,900 |
| 389 | 3,08,47,122 |
| 388 | 3,08,47,307 |
| 387 | 3,08,47,381 |
| 386 | 3,08,47,603 |
| 385 | 3,08,49,157 |
| 384 | 3,08,62,477 |
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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