Urban Company, a home services marketplace, made a successful stock market debut today, listing on the NSE at a price of Rs 162.25 per share, which is 57.5% higher than its issue price of Rs 103. The stock opened at Rs 161 on the BSE.
Key Highlights
- Urban Company IPO subscribed -103-109×; shares listed at -57.5% premium over Rs 103 issue price.
- Strong demand from QIBs, NIIs, retail; IPO raised Rs 1,900 crore; listing surges -58%.
The IPO of Urban Company, which had a price range of Rs 98–103 and a minimum investment of Rs 14,935, was available for subscription from September 10–12, 2025.
An offer for sale (OFS) of Rs 1,471 crore and a new issue of shares valued at Rs 429 crore made up the Rs 1,900 crore IPO. Exchange data indicates that Urban Company's initial public offering (IPO) was oversubscribed 108.98 times, with NIIs at 77.82x, QIBs (ex-anchors) at 147.35x, and the retail portion at 41.49x.
Anchor investors contributed Rs 854 crore to the Gurugram-based company's initial public offering (IPO).
The company claims that the net proceeds from the new issue will be used for marketing initiatives (Rs 90 crore), lease payments (Rs 75 crore), technology and cloud infrastructure (Rs 190 crore), and other general business needs.
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With a market valuation of Rs 24,169.1 crore (roughly $2.7 billion), Urban Company's share reached its peak of Rs 179 per share in the morning and is now trading at Rs 168.3.
The home service provider reported a 38% increase in operating revenue to Rs 1,144 crore for the fiscal year that ended in March 2025. In the same time frame, it reported a profit before tax (PBT) of Rs 28.5 crore.
