The much-awaited IPO of Urban Company is set to open for bidding on September 10, 2025. Investors will get a chance to apply for the shares till September 12, 2025.
Urban Company is looking to raise a total of Rs 1,900.00 crores through this public offer, which includes both a fresh issue of shares and an offer for sale by existing shareholders.
PRICE BAND, LOT SIZE AND INVESTMENT DETAILS
The price band for the Urban Company IPO is fixed between Rs 98.00 and Rs 103.00 per share. Investors must apply in lots of 145 shares.
This means that a retail investor will need to invest a minimum of Rs 14,935, calculated at the upper price of Rs 103 per share.
Qualified institutional investors will have a larger minimum investment. The small non-institutional investors (sNII) need to apply for at least 14 lots (2,030 shares), which will amount to Rs 2,09,090. For big non-institutional investors (bNII), the lot size is 67 lots (9,715 shares), totaling Rs 10,00,645.
Kotak Mahindra Capital Co. Ltd. is managing the issue as the book running lead manager, while MUFG Intime India Pvt. Ltd. is acting as the registrar.
ABOUT URBAN COMPANY
Incorporated in December 2014, Urban Company is a technology-driven platform that offers home and beauty services through a full-stack online marketplace. Consumers can book a range of services such as cleaning, plumbing, electrical work, appliance repair, beauty treatments, and massage therapy. The services are provided by trained and background-verified professionals.
As of June 30, 2025, Urban Company operates in 51 cities across India, United Arab Emirates, and Singapore. Cities served by its joint venture in the Kingdom of Saudi Arabia are not included. The company has also launched home solutions like water purifiers and electronic door locks under its own brand called ‘Native’.
Urban Company supports service professionals by providing training, tools, financing, insurance, and branding assistance. This helps improve service quality and the earning potential of workers.
The company reported a 36% growth in revenue and a 358% increase in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025. The promoters of Urban Company are Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan.
OBJECTS OF THE ISSUE
The funds raised through the IPO will be used for several purposes, including:
Rs 190.00 crores for developing new technology and improving cloud infrastructure.
Rs 75.00 crores for lease payments of office spaces.
Rs 90.00 crores for marketing activities.
The rest will be used for general corporate purposes.
GREY MARKET PREMIUM AND EXPECTED LISTING
The grey market premium (GMP) for Urban Company IPO has shown strong activity in recent days.
The last GMP recorded was Rs 27.5, updated on September 8, 2025, at 7:58 AM. Based on this GMP and the upper price band of Rs 103, the expected listing price is estimated at Rs 130.5 per share. This suggests a potential listing gain of about 26.70%.
The allotment of shares is expected to be finalised on September 15, 2025. Urban Company shares are likely to be listed on both BSE and NSE on September 17, 2025.
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