Urban Company Raises ₹1,900 Crore in Oversubscribed IPO; Shares to List September 17
Urban Company, a leading platform for home and beauty services, launched its IPO from September 10 to 12, 2025, raising ₹1,900 crore. The issue was highly popular, subscribed nearly 109 times, showing strong investor interest. Shares will be listed on September 17, 2025, and the company plans to use the funds for technology upgrades, marketing, and office expenses. The grey market indicates a good potential listing gain, reflecting positive market sentiment for Urban Company's fast-growing business in India and abroad.
MARKET NEWS
9/15/20251 min read
The first public offering (IPO) of Urban Company, a prominent tech-enabled marketplace for home and beauty services, took place between September 10 and September 12, 2025. With a price range of ₹98 to ₹103 per share, the IPO was a book-built issuance worth ₹1,900 crore. It included an offer to sell 13.86 crore shares totaling ₹1,428 crore and a new issue of 4.58 crore shares totaling ₹472 crore. A minimum lot size of 145 shares, or around ₹14,935 at the higher price band, was available to retail investors.
Demand for the offering was so great that it was subscribed to about 109 times across all investor groups. With a subscription of 147.35 times their quota, Qualified Institutional Buyers (QIBs) dominated the field, followed by Non-Institutional Investors (77.82 times) and Retail Individual Investors (41.5 times). This robust subscription demonstrated the high level of investor trust in Urban Company's expandable business plan.
The shares will list on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 17, 2025, after the allocation of shares was finalized on September 15, 2025, with credits and refunds planned for September 16. With a grey market premium of roughly ₹68–70 per share, Urban Company is anticipated to list for ₹170–173 per share, suggesting a possible gain of roughly 68% over the higher price range.
The company intends to support office lease payments, improve cloud infrastructure, increase brand marketing, invest in technology and product development, and pay for other corporate expenses with the proceeds from the new issue. Urban Company serves a rapidly expanding market niche by providing a broad range of services, such as cleaning, repairs, beauty, and wellness, in 59 cities in India and abroad. An important turning point for the organized home and beauty services sector in India, the IPO attracted a lot of interest from investors interested in the industry's prospects for expansion.