India, Sept. 17 -- Furniture and appliance rental startup RentoMojo made a strong stock market debut, with its shares listing at a premium of nearly 19% over the IPO issue price.

The stock listed at Rs.482.45 on the NSE, a premium of 19.42% over its issue price of Rs.404. On the BSE, RentoMojo opened at Rs.480, up 18.81% from the issue price.

The shares gained further following the listing and touched a high of Rs.500 on the BSE. At 10:10 IST, the stock was trading at Rs.500, up 23.76% over the issue price and 4.15% from its BSE opening price. The company's market capitalisation stood at Rs.5,205.74 Cr ($543 Mn).

This was about 30% higher than the valuation of approximately Rs.4,006 Cr sought by the startup at the upper end of its IPO ...