Rentomojo IPO fully subscribed on first day of bidding
Rentomojo’s 12.56 billion-rupee ($133 million) IPO was fully subscribed on Wednesday’s first day of bidding, supported by investor demand for the debut of India’s furniture and appliance rental platform.
56 billion-rupee ($133 million) initial public offering was fully subscribed on the first day of bidding on Wednesday, as investors backed the public-market debut of India's first furniture and appliance rental platform.