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

Online furniture and appliance rental platform RentoMojo’s ₹1,256 Cr IPO was subscribed 69% by 12:57 IST on the first day of bidding today. The IPO received bids for 1.50 Cr shares against 2.18 Cr shares on offer, according to BSE data. The NII portion saw the highest demand, receiving bids for 42.05 Lakh shares against 46.54 Lakh shares on offer, translating into 90% subscription.