Urban Company IPO Sees Robust Demand on Day 1
The retail portion was fully subscribed in less than an hour, reflecting strong demand from individual investors.
10 September 2025
Urban Company’s ₹1,900 crore initial public offering (IPO) opened for subscription on September 10, 2025, and has already attracted significant investor interest.
By 11:30 a.m. on the first day, the issue was subscribed 83%, with bids received for 8.85 crore shares against 10.67 crore shares on offer, according to NSE data. The IPO comprises a fresh issue of ₹472 crore and an offer for sale (OFS) of ₹1,428 crore.
The retail portion was fully subscribed in less than an hour, reflecting strong demand from individual investors. The non-institutional investor (NII) category was subscribed 1 time, while the qualified institutional buyer (QIB) portion had received 20% subscription by mid-morning. Investors can bid for one lot of 145 shares and in multiples thereafter.
The IPO is priced in the band of ₹98 to ₹103 per share, with a face value of ₹1 per share. At the upper end of the price band, the company’s valuation is pegged at ₹14,790 crore. The issue will remain open for subscription until September 12, with share allotment expected by September 15 and listing on the BSE and NSE scheduled for September 17.
Urban Company, founded in 2014 as UrbanClap, offers a range of home and beauty services through its app, including cleaning, plumbing, appliance repair, beauty treatments, and massage therapy. The company has shown strong financial growth, with revenue from operations rising to ₹1,144.5 crore in FY25, up from ₹828 crore in FY24. Profit before tax for FY25 stood at ₹205.6 crore, with adjusted EBITDA turning positive.
The IPO has attracted interest from marquee investors, including Goldman Sachs, GIC, and Norges Bank, who participated in the anchor investor round, raising ₹854 crore ahead of the public subscription.