Urban Company IPO Listing Live Updates: Grey market signals strong debut of shares on Dalal Street
Published on 17/09/2025 07:53 AM
– Expenditure for new technology development and cloud infrastructure;
– Expenditure for lease payments for the offices;
– Expenditure towards marketing activities;
– General corporate purposes.
The IPO of Urban Company is witnessing robust activity in the grey market. Shares of the company are quoting a grey market premium of ₹52, reflecting a premium of 49% over the issue price of ₹103.
– The company has reported net losses and negative operating cash flows in the past. Future profitability hinges on revenue growth, cost efficiency, and the successful scaling of new offerings, with no assurance of sustained profits.
– Competition from offline providers, niche online platforms, and new entrants, both in India and abroad, may pressure market share, pricing, and margins.
– Expansion into international markets exposes the company to currency, legal, regulatory, operational, and competitive risks.
– Expanding consumer base and market penetration
– Improving consumer retention and spending
– Launching new product and service offerings
– Investing in technology and infrastructure
At the upper end of the price band, the company is valuing at a P/E (price-to-earnings) of 65.7 times to its FY25 earnings with P/S of 12.9 and market cap of nearly Rs 14,790 crore post issue of equity shares.
Qualified institutional buyers subscribed 140.20 times their allotted quota, while non-institutional investors (high-net-worth individuals) subscribed 74.04 times. Retail investors bought 39.25 times their portion, and employees subscribed 36.79 times the reserved shares.
Kotak Mahindra Capital
Morgan Stanley India
Goldman Sachs (India) Securities
JM Financial
The three-day, ₹1,900 crore issue of Urban Company, received a healthy response from investors, particularly those from the institutional side. Retail investors’ portion was also over subscribed.
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