RentoMojo Sets IPO Price Band as ESDS Software Lists at a 76% Premium
RentoMojo has fixed the price band for its public issue while ESDS Software listed at a 76% premium, extending a strong run for new-age listings after Shiprocket’s August debut.
Key Facts
| Detail | Value |
|---|---|
| Deal size | ₹8,010 crore |
| Stage | IPO |
| Sector | Rentomojo |
| Coverage | Startup News |
RentoMojo has fixed the price band for its initial public offering, and ESDS Software listed at a 76% premium to its issue price — the second sharp new-age debut in three weeks after Shiprocket's 35% pop in August.
Key Takeaways
What Listed and What Is Coming
| Company | Event | Detail |
| --- | --- | --- |
| ESDS Software | Listing | 76% premium to issue price |
| RentoMojo | Price band fixed | Public issue opens after band announcement |
| Shiprocket | Listed Aug 19 | 35% listing premium |
| Zepto | SEBI approval, UDRHP filed | ₹8,010 crore fresh issue |
| PhonePe | SEBI approval received | Confidentially filed |
Why the Pops Keep Happening
Issuers spent 2026 cutting size rather than chasing peak valuation. A smaller issue priced with room left on the table produces a well-covered book and a first day that works — and each successful debut makes the next book easier to build. The risk is the mirror image: pricing conservatively transfers value from the company to day-one buyers.
RentoMojo's Case
Furniture and appliance rental is a working-capital business: assets sit on the balance sheet and earn over years. Public investors will judge it on utilisation rates, asset recovery and how much of the fleet is already paid for, more than on subscriber growth.
Questions Readers Ask
At what premium did ESDS Software list?
76% above its issue price, on September 4, 2026.
Has RentoMojo opened its IPO?
RentoMojo announced its price band on September 4, 2026, the final step before the issue opens for subscription.
How many Indian startups have filed for IPOs in 2026?
Twenty-nine startups have filed DRHPs with SEBI, with more than 25 others preparing filings.
Every filing, approval, price band and listing is logged on our continuously updated [India Startup IPO Tracker](/article/india-startup-ipo-tracker).
Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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