Rentomojo: Accel-backed Rentomojo lists on Dalal Street at 19% premium

Rentomojo: Accel-backed Rentomojo lists on Dalal Street at 19% premium



Furniture and appliance rental platform Rentomojo made a strong debut on Dalal Street on Thursday, with its shares listing at a nearly 19% premium over the IPO price of Rs 404. The stock rose as much as 25% over the issue price during early trade.The shares opened at Rs 482.45 on the NSE, a 19.42% premium, while they debuted at Rs 480 on the BSE, up 18.81%.The debut follows strong demand for Rentomojo’s Rs 1,256 crore initial public offering



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