New Delhi, Sept. 15 -- Rentomojo IPO allotment is all set to be finalised today, 15 September. The mainboard IPO opened for bidding on 9 September and closed on 11 September.

The IPO received a strong response from investors, with the issue being subscribed 72.88 times on the third and final day of bidding. Qualified Institutional Buyers (QIBs) led the demand, with their portion subscribed 177.29 times, while the Non-Institutional Investors (NIIs) category was subscribed 67.93 times. The Retail Individual Investors (RIIs) portion also saw healthy interest, receiving 15.59 times subscription.

The shares of Rentomojo IPO is commanding a strong premium in the grey market ahead of allotment. The GMP of Rentomojo IPO is Rs.158, according to ...