India, Sept. 9 -- Update| September 9, 17:00 IST

Online furniture and appliance rental platform RentoMojo's Rs.1,256 Cr IPO was subscribed 1.42X on the first day of bidding, receiving bids for 3.08 Cr shares against the 2.18 Cr shares on offer.

Non-institutional investors (NIIs) led the demand, bidding for 1.14 Cr shares against the 46.54 Lakh shares reserved for them, translating into a subscription of 2.46X.

Within the NII category, the portion reserved for investors bidding between Rs.2 Lakh and Rs.10 Lakh was subscribed 3.23X, while the portion for bids exceeding Rs.10 Lakh was booked 2.08X.

Retail investors placed bids for 1.67 Cr shares against the 1.09 Cr shares reserved for them, resulting in a subscription of 1.54X. The emplo...