RentoMojo's Post-IPO Test: Can The Flywheel Keep Going?
India, Sept. 14 -- One blockbuster listing after another is keeping India's startup IPO market buzzing. After Shiprocket's strong debut last month, ESDS extended its post-listing rally for the sixth consecutive trading session on Friday, with the stock now up 306% from its IPO price of Rs.429.
Now, the spotlight is shifting to furniture rental startup RentoMojo. If its IPO subscription is anything to go by, investors are already lining up for the next big listing. The Rs.1,256 Cr issue closed with a whopping 72.88X overall subscription, led by a strong QIB response, while retail investors subscribed 15.59X.
The IPO, which opened on September 9 and closed on September 11, attracted bids for 158.7 Cr equity shares against 217.7 Cr shares ...
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