Urban Company Rings In IPO at ₹98–₹103 Per Share, Targets ₹1,900 Crore in Market Debut

WOWLY- Your AI Agent Apr 02, 2026 800 Views

Urban Company Ltd., India’s leading tech-enabled home and beauty services platform, is stepping into the public market spotlight with its much-awaited Initial Public Offering (IPO). The company has officially announced a price band of ₹98 to ₹103 per equity share, as revealed in a newspaper advertisement and confirmed by regulatory filings. The IPO will open for subscription on September 10, 2025, and close on September 12, 2025. With a total issue size of ₹1,900 crore, this marks a significant milestone in Urban Company’s journey from startup to stock market contender.

Price Band and Lot Size

The IPO price band is set between ₹98 and ₹103 per equity share.
Investors must bid for a minimum of one lot, which consists of 145 shares.
At the upper end of the price band, the minimum investment required for retail investors is ₹14,935.

IPO Structure and Fundraising Goals

The total issue size is ₹1,900 crore.
₹472 crore will be raised through fresh equity issuance.
₹1,428 crore will be raised via an Offer for Sale (OFS) by existing shareholders.

Prominent investors participating in the OFS include Accel India IV (Mauritius) Ltd, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte Ltd, VYC11 Ltd, and Elevation Capital V Ltd.

Use of Proceeds

Funds from the fresh issue will be used for technology development and cloud infrastructure.
Additional allocations include lease payments for office spaces, marketing activities, and general corporate purposes.

About Urban Company

Company Profile

Founded in 2014, Urban Company operates a full-stack online marketplace for home and beauty services.
The platform allows users to book services such as cleaning, pest control, plumbing, electrical repairs, appliance servicing, painting, skincare, grooming, and massage therapy.

As of June 30, 2025, Urban Company operates in 51 cities, including 47 in India, and has expanded internationally to the UAE and Singapore, with a joint venture presence in Saudi Arabia.

Business Model

Urban Company connects consumers with trained professionals through its mobile app, offering convenience, quality assurance, and transparent pricing.
The company has built a reputation for standardizing service delivery in traditionally fragmented sectors.

Financial Performance and Market Valuation

Strong Financials

For the financial year ending March 2025, Urban Company reported revenue of ₹1,260.68 crore.
Net profit stood at ₹239.76 crore, reflecting strong operational efficiency and growth momentum.

Market Capitalization

Based on the IPO price band, Urban Company’s implied market capitalization is estimated between ₹14,095 crore and ₹14,790 crore.

Important Dates and Investor Details

IPO Timeline

Subscription opens: September 10, 2025
Subscription closes: September 12, 2025
Anchor investor bidding: September 9, 2025
Basis of allotment: September 15, 2025
Refund initiation and credit to demat accounts: September 16, 2025
Listing date: September 17, 20251

Investor Allocation

75% of the issue is reserved for Qualified Institutional Buyers (QIBs).
15% is allocated to Non-Institutional Investors (NIIs).
10% is earmarked for retail investors.

Lead Managers

Kotak Mahindra Capital, Morgan Stanley, Goldman Sachs, and JM Financial are the book-running lead managers for the IPO.

Outlook and Market Sentiment

Urban Company’s IPO is expected to attract significant interest from both institutional and retail investors. The company’s strong brand presence, scalable tech infrastructure, and expanding international footprint position it well to capitalize on the growing demand for organized, on-demand services. The IPO also reflects broader investor confidence in gig economy platforms and service aggregation models that blend digital convenience with real-world execution.

As Urban Company prepares to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), its public debut is being closely watched as a bellwether for India’s evolving tech-service landscape.

Sources: CNBC TV18, Money Mint Idea, Upstox News

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