Urban Company IPO Opens on September 10 with Price Band of ₹98–₹103
Urban Company will launch its ₹1,900 crore IPO on September 10. With a price band of ₹98–₹103, the firm aims to fund technology and growth.
Urban Company will launch its ₹1,900 crore Initial Public Offering (IPO) on September 10. The subscription will run until September 12, while anchor investors can bid a day earlier on September 9. The company fixed the price band at ₹98 to ₹103 per share, which values the firm at nearly ₹14,790 crore at the upper end.
This debut in the capital market comes at a time when investors are actively looking for consumer-focused digital growth stories.
Fundraising Plan
The IPO combines a fresh issue of shares worth ₹472 crore with an Offer for Sale (OFS) of ₹1,428 crore by existing investors. Accel India, Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd, and VYC11 Ltd will dilute part of their stakes through the OFS route.
Urban Company plans to channel the proceeds from the fresh issue into technology development, cloud infrastructure, and office lease payments. It will also allocate funds to strengthen marketing campaigns and other corporate activities. As a result, the company aims to scale faster while keeping compliance and efficiency intact.
Expanding Footprint
The company operates as a tech-driven services marketplace that connects customers with skilled professionals. Users can book services such as home cleaning, pest control, plumbing, carpentry, and appliance repairs directly through its mobile app. In addition, the platform offers beauty and grooming solutions including skincare, hair treatments, and massage therapy.
Although Urban Company began in India, it has steadily pushed into international markets. It now runs operations in the United Arab Emirates, Singapore, and Saudi Arabia. This global expansion gives it wider brand visibility and diversifies its revenue streams.
Investor Allocation
Urban Company designed the IPO to attract a mix of investors. It reserved 75 percent of the issue size for Qualified Institutional Buyers, 15 percent for Non-Institutional Investors, and 10 percent for Retail Investors. Investors can place bids for one lot of 145 shares and in multiples of 145 thereafter.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities, and JM Financial will manage the issue as lead book-runners. Their involvement signals strong institutional support for the offering.
Listing Timeline
The Securities and Exchange Board of India (SEBI) cleared the IPO earlier this week, which allows Urban Company to move ahead with its public listing. The stock will list on the exchanges on September 17, just a few days after the subscription closes.
Market analysts expect healthy demand because the Urban Company IPO combines a large consumer base, solid international presence, and growing brand trust. Furthermore, the push for organized, reliable home and beauty services continues to rise, especially in urban centers.
Growth Outlook
Urban Company will use the IPO proceeds to build stronger technology infrastructure and expand its service categories. By investing in marketing and operations, the company expects to attract more users and deepen engagement with existing customers.
The launch of the Urban Company IPO also reflects the growing maturity of India’s digital services market. With a large valuation, a solid customer base, and global expansion underway, the company aims to position itself as the go-to brand for on-demand services.
