Rentomojo IPO Day 3: GMP at 33%, subscription reaches 4.71 times. Should you subscribe?

Rentomojo IPO Day 3: GMP at 33%, subscription reaches 4.71 times. Should you subscribe?

Rentomojo IPO achieved 4.71x subscription with 33% GMP, India's largest organised furniture rental platform. The 38-40x P/E valuation signals investor appetite for subscription models with recurring revenue and capital efficiency in emerging markets.