From mint · Dhanya Nagasundaram · · 1m
Rentomojo Shares Surge 38% Post IPO
Rentomojo shares jumped 38% above IPO price in nearly a month after strong Q1 results.
In brief
Rentomojo shares jumped 38% above IPO price in nearly a month after strong Q1 results. Rentomojo shares rose 38% from IPO price following Q1 FY27 results showing 51% revenue growth and improved profitability. Originally reported by mint.
Share Price Surge
Rentomojo shares rose 38% above their IPO issue price of ₹ 404 in nearly a month.
Q1 FY27 Results
Strong Q1 FY27 results showed 51% revenue growth and improved profitability.
Customer Demand
Customer demand increased 45.8% year-on-year to 3.29 lakh items ordered.
Inventory Utilisation
Inventory utilisation improved with average occupancy rising to 85.7%.
Monetisation Boost
Average revenue per item rose 6.8% to ₹ 1,663 with stable user engagement.
Cash Generation
Rentomojo generated ₹ 173 crore operating cash flow exceeding capital expenditure.
Expansion Plans
Company expanded to 89 experience stores and entered new product categories.
Market Impact
Market capitalisation rose 8% to ₹ 5,800 crore following Q1 results.
The key point
Rentomojo shares rose 38% from IPO price following Q1 FY27 results showing 51% revenue growth and improved profitability.
