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The Economic Times
The Economic Times
Ritesh Presswala

Rentomojo IPO Day 3: GMP at 33%, subscription reaches 4.71 times. Should you subscribe?

Rentomojo GMP IPO SBI Securities OFS

The Rentomojo IPO has entered its third day of bidding, drawing strong interest from investors. In the grey market, the issue is commanding a grey market premium (GMP) of around 33% over its issue price, signalling positive market expectations ahead of its listing.

Investor interest strengthened on Day 2, with the IPO receiving an overall subscription of 4.71 times against the 2.17 crore shares on offer. The retail category was subscribed 4.19 times, with retail individual investors (RIIs) bidding for shares against the 1.08 crore shares reserved for them.

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