Rentomojo's ₹1,256-crore IPO fully subscribed on 1st day

Rentomojo's ₹1,256-crore initial public offering was fully subscribed on the first ​day of bidding on Wednesday. Rentomojo has set its IPO price band at ₹384-404 per share, as it seeks to become India's first ‌listed furniture rental company. Rentomojo's IPO comprises ₹150 crore in fresh shares and an offer for sale (OFS) of 2.74 crore shares.