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Urban Company is set to launch its Rs 1,900-crore initial public offering on Wednesday, which will be closed on September 12.
Urban Company IPO.
Urban Company IPO: Urban Company, the mobile app-based beauty and home services platform, is set to launch its Rs 1,900-crore initial public offering on Wednesday, September 10. The IPO, whose price band has been fixed in the range of Rs 98 to Rs 103 per share, will be closed on September 12.
Urban Company IPO Key Dates
The IPO will be opened for public subscription on September 10 and closed on September 12. Its allotment will take place on September 15, while its listing is scheduled to take place on September 17 on both the BSE and the NSE.
Urban Company IPO Price & Lot Size
The price band of the IPO has been fixed in the range of Rs 98 and Rs 103 per share. Its lot size has been fixed at 145 shares. It means that investors will have to apply for a minimum 145 shares and in multiple thereof.
Urban Company IPO GMP
According to market observers, unlisted shares of Urban Company Ltd are currently trading at Rs 130.5 against the upper IPO price of Rs 103. It means a grey market premium or GMP of Rs 27.5, which is nearly 26.70% over its IPO price, indicating a strong listing for the issue.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Urban Company IPO More Details
Gurugram-based Urban Company plans to raise Rs 472 crore through selling new shares, and existing investors plan to sell stakes worth Rs 1,428 crore.
At the upper end of the price band, the company’s valuation is pegged at Rs 14,790 crore.
Those selling shares under the Offer For Sale (OFS) route are — Accel India and Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd and VYC11 Ltd.
The company plans to use funds raised through the fresh issuance for new technology development and cloud infrastructure, lease payments for its offices, marketing activities, and general corporate purposes.
Urban Company operates a technology-driven, full-stack online marketplace for quality-driven services and solutions across various home and beauty categories. Apart from India, it has a presence in the United Arab Emirates, Singapore, and the Kingdom of Saudi Arabia.
Its platform enables consumers to easily order services, including cleaning, pest control, electrician, plumbing, carpentry, appliance servicing and repair, painting, skincare, hair grooming and massage therapy.
These services are delivered by trained and independent service professionals at the consumers’ convenience.
The company said that 75 per cent of the issue size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.
Further, investors can bid for one lot of 145 shares and then in multiples of 145 thereafter.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities and JM Financial are the book-running lead managers to the issue. Urban Company is expected to make its stock market debut on September 17.
On Tuesday, an update on Sebi’s website showed that the company had received the markets regulator’s approval to launch its maiden public issue.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 08, 2025, 10:06 IST
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