- By Shreyansh Mangla
- Wed, 10 Sep 2025 01:29 PM (IST)
- Source:JND
Urban Company IPO: Urban Company Ltd is an Indian home service provider that connects individuals with professionals for various home services. Recently, the company's IPO was fully subscribed within 2 hours of its listing on Day 1. As per NSE data, Urban Company received Rs 1,900-crore bids by 12 PM for 10.81 crore shares against 10.67 crore shares on OFS (Offer For Sale).
Urban Company's IPO is witnessing huge demand because of its strong market position and significant revenue growth, increasing by 38 per cent to Rs 1,144.5 crore in FY25. A shift to profitability with a Rs 240 crore net profit in FY25 has contributed to a positive market sentiment, which is also indicated by its increasing GMP and a fully subscribed IPO on Day 1.
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Urban Company IPO GMP, Subscription Status, Other Details
In the grey market, Urban Company shares were trading 36.89 per cent above the price band of Rs 103 at 12.35 PM on Wednesday, September 10. With Urban Company IPO GMP at Rs 38, the listing price was estimated to be Rs 141.
Investors can bid for 145 shares and then in a multiple of 145 shares. The portion for different investors is as follows:
Non-Institutional Investors subscribed 1.29 times.
Retail Individual Investors (RIIs) subscribed 3.02 times.
Qualified Institutional Buyers (QIBs) received 20 per cent of the portion.
A day before its IPO, Urban Company raised Rs 854 crore by selling its shares to anchor investors (large-scale investors).
The price band set by the IPO is between Rs 98 and Rs 103 per share. The IPO, which opened for subscription on September 10, will conclude on September 12. At the upper end of the price band, the company's valuation is fixed at Rs 14,790 crore.
Some of Urban Company's original investors, Accel India and Elevation Capital, are cashing in big time with this IPO. Accel India is looking at a massive 28.5 times ROI, while Elevation Capital is expecting a 19 times bigger ROI.
The company aims to raise Rs 472 crore by selling new shares. A significant chunk of the IPO, Rs 1,428 crore, is going to existing investors who are selling these shares.
The shares are expected to be officially allotted to the investors by September 15, with the company listing on the NSE and BSE by September 17.
