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The Economic Times
The Economic Times
Business
Ritesh Presswala

Rentomojo shares list at 19% premium over IPO price

Rentomojo GMP IPO NSE

Shares of Rentomojo made a modest Dalal Street debut on Thursday, listing at 19% premium over IPO price. The stock opened at Rs 482.45 on the NSE and Rs 480 on the BSE, as compared to its issue price of Rs 404.

The Rs 1,255.57 crore IPO was priced at Rs 404 per share and included both a fresh issue and an offer for sale (OFS). The fresh issue comprised 37.15 lakh equity shares worth Rs 150 crore, while the OFS component consisted of 2.73 crore shares valued at Rs 1,105.57 crore.

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