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

Online furniture and appliance rental platform RentoMojo’s IPO was subscribed 17.18X by 13:27 IST on the final day of bidding today. The IPO received bids for 37.41 Cr shares against 2.18 Cr shares on offer, according to BSE data. The portion reserved for non-institutional investors (NIIs) saw the strongest demand, receiving bids for 19.80 Cr shares against 46.54 Lakh shares on offer.