Urban Company, India’s leading tech-enabled home services platform, made a remarkable debut on the stock market on September 17, 2025. Its shares opened at ₹162.25 on the National Stock Exchange, marking a 57.5% premium over the IPO price of ₹103. On the Bombay Stock Exchange, the shares listed at ₹161, reflecting a 56% increase. The company’s IPO, which raised ₹1,900 crore, was oversubscribed by 103.6 times, making it the most subscribed IPO in India for 2025 among large-scale offerings. The issue comprised a fresh issue of ₹472 crore and an offer-for-sale of ₹1,428 crore. The price band was set between ₹98 and ₹103 per share, valuing the company at approximately $1.7 billion. The strong grey-market premium suggested robust investor interest, and the subsequent listing validated that optimism.
Financial Growth and Future Prospects
Urban Company has demonstrated significant growth and profitability in recent years. In fiscal year 2025, it reported a net profit of ₹242 crore in the first nine months, reversing a ₹58 crore loss during the same period last year. Revenue grew by 38% to reach ₹1,145 crore. A major growth driver has been the launch of its ‘Native’ sub-brand, offering smart RO water purifiers. Since its introduction in 2023, Native has expanded over 30 times in revenue and now contributes over 10% of Urban Company’s top line. The company currently serves customers across 51 Indian cities and has expanded internationally to markets such as the UAE and Singapore.
This expansion has strengthened Urban Company’s position in the highly competitive home services sector. The positive listing reflects strong investor confidence in its business model and growth trajectory. Analysts, however, suggest that it remains essential to track how the company performs in sustaining growth and profitability amidst evolving market dynamics.
Urban Company’s successful IPO and debut underscore the rising investor interest in technology-driven service platforms in India. With its continuous innovation and expansion across regions, the company is well-positioned to meet the increasing demand for organized home services and build a sustainable, scalable business model for the future.
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