Rentomojo IPO: Early Investors Set to Earn Up to 152X Returns
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Khushi Jain
- September 11, 2026
Rentomojo’s upcoming IPO is set to generate multi-fold returns for several of its early investors, with one shareholder expected to clock a 152X return on its investment. Existing shareholders are also looking to offload shares worth Rs 1,106 crore through the offer for sale (OFS).
According to Entrackr’s analysis, at the upper price band of Rs 404 per share, Accel India is set to generate around 8.63X returns on its Rs 317 crore OFS.
Madison India could clock around 7.22X returns on its Rs 96.9 crore share sale, while ValueQuest and Edelweiss are expected to earn around 5.4X on their respective OFS shares worth Rs 109.6 crore and Rs 116.5 crore.
Chiratae Ventures is likely to generate around 4.93X returns on its Rs 194.1 crore OFS, while GMO could earn around 4.24X on its Rs 95.1 crore share sale.
Individual Investors Stand to Gain
Among individual shareholders, Nitish Mittersain, founder of Nazara Technologies, is set to emerge as one of the biggest beneficiaries.
Mittersain’s investment in Rentomojo was his first startup investment. He is selling shares worth around Rs 6 crore through the OFS, which could fetch him around 152X returns based on the acquisition cost disclosed in the company’s offer documents and the upper IPO price band of Rs 404 per share.
Rajeev Chitrabhanu HUF is another notable early shareholder, with its Rs 12.4 crore OFS potentially generating around 26.6X returns.
Rentomojo founder Geetansh Bamania is set to offload shares worth Rs 34.3 crore. Other OFS participants include Japan-based Mitsui Sumitomo Insurance Venture Capital (MSIVC), Pratithi Investment Trust, Renaud Laplanche and others.
Rentomojo IPO Details
The returns are based on the weighted average acquisition cost disclosed in Rentomojo’s offer documents and the upper IPO price band of Rs 404 per share.
The IPO comprises a fresh issue of Rs 150 crore and an OFS of around Rs 1,105.6 crore, giving the company a valuation of around Rs 4,200 crore at the upper band.
Rentomojo’s IPO is scheduled to open for subscription on September 9 and close on September 11.
Financial Performance
Rentomojo has continued to grow while remaining profitable.
Its revenue from operations rose 45.5% year-on-year to Rs 387 crore in FY26, compared with Rs 266 crore in FY25.
Profit after tax jumped 142% to Rs 104.2 crore from Rs 43.1 crore in the previous fiscal.
FAQs
1. What returns could Accel India generate from Rentomojo’s IPO?
Accel India could generate around 8.63X returns on its Rs 317 crore OFS at the upper price band of Rs 404 per share.
2. How much could Nitish Mittersain earn from his Rentomojo investment?
Nitish Mittersain’s Rs 6 crore OFS could generate around 152X returns based on the disclosed acquisition cost and the upper IPO price band of Rs 404 per share.
3. What is the size of Rentomojo’s IPO?
The IPO comprises a fresh issue of Rs 150 crore and an OFS of around Rs 1,105.6 crore.
4. What is Rentomojo’s valuation at the upper IPO price band?
Rentomojo’s valuation is around Rs 4,200 crore at the upper price band.
5. When will Rentomojo’s IPO open for subscription?
The IPO is scheduled to open on September 9 and close on September 11.
