RentoMojo IPO Subscribed 2.82X On Day 2 So Far, NII Portion Booked 6.13X

Furniture and appliance rental startup RentoMojo’s IPO was subscribed 2.82X on the second day of bidding, with investors placing bids for 6.14 Cr shares against the 2.18 Cr shares on offer as of 12:33 IST. Non-institutional investors (NIIs) continued to lead the demand, with their portion subscribed 6.13X. The category received bids for 2.85 Cr shares against the 46.54 Lakh shares reserved for it.