[Update] RentoMojo IPO Subscribed 1.42X On Day 1

by · Inc42

SUMMARY

  • RentoMojo’s ₹1,256 Cr IPO was subscribed 1.42X on the first day of bidding, receiving bids for 3.08 Cr shares against 2.18 Cr shares on offer.
  • The issue crossed full subscription on Day 1, led by NIIs and retail investors, even as demand from QIBs remained subdued
  • The NII portion was subscribed 2.46X, followed by the employee and retail portions at 1.72X and 1.54X, respectively