Rentomojo’s stock market debut is turning into a potential windfall for its early backers, with the founder of Nazara Technologies, Nitish Mittersain, set to clock a staggering 152X return on his investment. As the company finally lists on the exchanges, several other early investors are also poised to unlock multi-fold gains.
Nazara Technologies founder Nitish Mittersain stands out, with his investment in the rental platform potentially delivering a 152X return based on the acquisition cost disclosed in the company’s offer documents and the upper IPO price band of Rs 404 per share.
