Urban Company, the country’s top tech-enabled home services platform, has opened its Initial Public Offering (IPO) in with an issue size of ₹1,900 crore. The IPO is open for subscription from yesterday i.e September 10 to tomorrow i.e. September 12, aiming to list by September 17 on both NSE and BSE stock exchanges. Price band has been kept at ₹98 to ₹103 per share with minimum lot size of 145 shares, so minimum investment stays approximately ₹14,935.
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Robust Market Response on Day 2
By Day 2, the IPO subscription has surged significantly, with overall demand hitting nearly 6.93 times the issue size. The retail investor segment has eagerly subscribed over 14.56 times, while qualified institutional buyers (QIBs) accounts for about 1.36 times subscription. Non-institutional investors also showed notable interest with over 12.91 times subscription. This strong oversubscription on the second day cemented Urban Company’s IPO as one of the most sought-after issues of 2025.
Grey Market Premium Hints at Optimism
Grey Market Premium (GMP) for Urban Company stocks increased significantly to approximately ₹38-40 over the upper price band, indicating a strong listing gain of almost 38% expected. The premium shows strong investor optimism and a positive market mood prior to the IPO allotment and listing.
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Planned Use of IPO Proceeds
Urban Company intends to use the proceeds from the money raised for scaling geographic operations, investing in cutting-edge technology infrastructure, promotion, and general corporate purposes. A portion of the shares is also being sold by existing shareholders, giving liquidity with a value while complementing business growth.
About Urban Company
Urban Company is a tech-enabled platform business founded in 2014 and based in Gurgaon. The company has a network of customers connected to trained professionals in more than 59 Indian cities and global markets such as UAE, Singapore, and Saudi Arabia. Services include home repair and cleaning and beauty and wellness. Urban Company has a monthly active professional customer base in excess of 54,000 and is a market leader in India’s growing online home services market.
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Investor Outlook
Day 2’s strong subscription figures and a good GMP display significant investor enthusiasm for Urban Company’s IPO amid growing demand for organised home services. Experts believe this puts Urban Company well for a successful listing, though long-term growth will depend on execution and market expansion. The IPO would be closely watched as a benchmark for tech-driven service startups entering public capital markets.
