- By Shreyansh Mangla
- Mon, 08 Sep 2025 05:08 PM (IST)
- Source:JND
Urban Company IPO GMP: Urban Company is scheduled to open bidding on Wednesday, September 10. The Grey Market Premium (GMP) for Urban Company is Rs 31 per share, which indicates strong investor interest and positive sentiment. The GMP is an unofficial indicator of the expected listing performance.
Urban Company IPO GMP
Based on the upper price band of Rs 103 and a GMP of Rs 31.5, the expected listing price is around Rs 134.5. This suggests a premium of 30.58 per cent over the IPO price.
Urban Company IPO Details
The company aims to raise Rs 1,900 crore through a price band of shares listed between Rs 98 and Rs 103 per share.
It is a mix of a fresh issue and an Offer for Sale (OFS). The fresh issue is for 4.58 crore shares, raising Rs 472 crore. The OFS is for 13.86 crore shares, raising Rs 14.28 crore.
Allocation to Investors
Retail investors can buy 145 shares, with a total investment of Rs 14,935.
1. sNIIs have a minimum application of 14 lots (2,030 shares), totalling Rs 2 lakh.
2. Big Non-Institutional Investors (bNII)
3. They have a minimum application of 67 lots (9,715 shares), totalling Rs 10 lakh.
Use of Proceeds
The funds from the IPO will be used for technological developments, such as improving cloud infrastructure. Money will also be allocated for office lease payments, marketing activities and general corporate purposes.
About Urban Company
Urban Company is an e-commerce platform that integrates the end-to-end management of its value chain, going beyond the traditional marketplace model of simply connecting buyers and sellers. It connects service professionals for home and beauty categories. The platform offers a variety of services, including cleaning, pest control, electrical, plumbing and carpentry, etc. As of December 31, 2024, Urban Company operates in 59 cities across India, the UAE, Singapore and the Kingdom of Saudi Arabia.
Minimum Investment
For a retail application, the lot size is 145 shares, requiring a minimum investment of Rs 14,935.
Financials
The company has recently achieved profitability, with a consolidated net profit of Rs 239.8 crore in FY25. This is a stark reversal from a net loss of Rs 92.7 crore in FY24.
The Urban Company IPO comes at a time when there is strong momentum in the Indian IPO market. 53 mainboard IPOs have already launched this year, along with 84 companies having SEBI approval and waiting for their IPO launch.
