MUMBAI, 3rd SEPTEMBER, 2025 (GPN): Gurugram-headquartered Urban Company Limited Initial Public Offering (IPO) will open for subscription on Wednesday 10 September 2025. The anchor book will open a day prior on Tuesday 9 September 2025.The IPO will close on Friday 12 September 2025.
Urban Company Limited IPO price band is set at Rs. 98 to Rs. 103 per share. The company is looking to raise Rs. 1,900 crore at the upper price band of the issue.
Urban Company Limited IPO is a mix of a fresh issue of Rs. 472 crore and an offer for sale of Rs. 1,428 crore. Investors can apply for the Urban Company IPO in lots of 145 shares and its multiples thereof.
The minimum bid lot price for the Retail investors is Rs. 14,935 to apply for a single lot of 145 shares of the IPO. In terms of allocation, 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for the non-institutional investors (NIIs) translating to about Rs. 285 crore, and the remaining 10% for the retail investors. Up to Rs. 2.5 crore of the offer is also reserved for the eligible employees of the Company.
The Urban Company Limited plans to utilise the funds raised from the IPO out of the fresh share sale Rs.190 crore for funding new technological developments and cloud infrastructure, Rs. 75 crore for lease payments for the offices, Rs. 90 crore for marketing activities, and the remaining for general corporate purposes.
Promoters Abhiraj Singh Bhal, Chairperson, Managing Director and Chief Executive Officer, Raghav Chandra, Executive Director and Chief Technology and Product Officer and Varun Khaitan, Executive Director and Chief Operating Officer, each hold around 9.77 crore shares acquired at negligible cost. The value of their individual stakes has soared more than 10,000 times to a little over Rs 1,000 crore each.
As per the latest data from investorgain.com, Urban Company IPO GMP (grey market premium) was Rs.10. This means that the shares of the company are trading Rs. 10 higher than its issue price in the grey market.
Marquee investors such as Accel India, Elevation Capital, Bessemer India, VY Capital and Tiger Global, along with the promoters of Urban Company have witnessed a sharp rise in the value of their holdings after the company announced the price band for its public issue.
Urban Company had posted a net profit of Rs 6.9 crore during the quarter ended June 2025, a decline of 45 percent from Rs 12.6 crore in the corresponding quarter last year. The drop was due to a Rs 8.6 crore loss in a joint venture, weak operating metrics and higher costs. Revenue rose 30.8 percent year-on-year to Rs 367.3 crore from Rs 280.9 crore, while EBITDA loss widened to Rs 4.8 crore from Rs 3.36 crore.
The IPO is being managed by a consortium of lead managers, including Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs (India), and JM Financial.
Founded in 2014, the Gurugram-based Urban Company Limited (formerly known as UrbanClap) is India’s largest tech-enabled home services marketplace.The Company’s portfolio spans across cleaning, pest control, plumbing, electrical work, beauty and wellness services, and appliance repairs.Urban Company is a full-stack online services marketplace for quality-driven services and solutions across various home and beauty categories.
It operates in 51 cities across India, the United Arab Emirates and Singapore. Urban Company’s platform enables consumers to easily order services, including cleaning, pest control, electrician, plumbing, carpentry, appliance servicing and repair, on-demand home-help assistance, painting, skincare, hair grooming and massage therapy.
These services are delivered by trained and independent service professionals at the consumers’ convenience.Over the past two years, the company has diversified into home solutions under its ‘Native’ brand, introducing products such as water purifiers and electronic door locks.
RHP Link: https://www.morganstanley.com/
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