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

by · Inc42

SUMMARY

  • RentoMojo’s ₹1,256 Cr IPO was subscribed 2.82X by 12:33 IST on Day 2, compared with 1.42X at the end of the first day
  • The IPO approached 3X subscription ahead of the final day of bidding, driven by non-institutional and retail investors, even as QIB participation remained muted
  • The public issue received bids for 6.14 Cr shares against 2.18 Cr shares on offer, with the NII and retail portions subscribed 6.13X and 2.77X, respectively