Urban Company IPO: Strong Demand Signals Promising Debut

Urban Company’s Initial Public Offering (IPO), valued at ₹1,900 crore, has garnered significant investor interest, with the issue being oversubscribed by 5.53 times by the second day of bidding. The grey market premium (GMP) has surged to ₹39, indicating a potential listing gain of approximately 37.86% from the upper price band of ₹103 per share.

Subscription Overview

The IPO, which opened on September 10, 2025, received robust participation across all investor categories. Retail investors led the demand, with their segment subscribed 3.24 times, followed by non-institutional investors at 1.39 times, and qualified institutional buyers at 20%. The issue is scheduled to close on September 12, with shares expected to list on September 17.

Grey Market Premium Insights

The GMP for Urban Company’s IPO has experienced a notable increase, reflecting strong investor confidence in the company’s prospects. A GMP of ₹39 suggests that the shares are trading at a premium in the unlisted market, indicating positive sentiment ahead of the listing.

Company Profile

Urban Company is a leading tech-enabled home services platform in India, offering a range of services from beauty treatments to appliance repairs. The company has recently achieved profitability and posted a 38% revenue increase to ₹1,144 crore in the last financial year. The IPO includes a fresh issue of ₹472 crore and an offer for sale of ₹1,428 crore by existing investors.

Conclusion

The overwhelming response to Urban Company’s IPO, coupled with the rising GMP, indicates strong investor confidence and sets the stage for a potentially successful debut on the stock exchanges. Investors are advised to consider the company’s financial performance and market position when evaluating this investment opportunity.