Urban Company shares make stellar debut on Indian stock market, list at 58% premium

Urban Company share price made strong debut on the Indian stock market on Wednesday, September 17. Urban Company shares were listed at ₹161 on BSE and ₹162.25 on NSE.

“Urban Company Ltd. made a remarkable debut on the Indian stock exchanges today, The stock opened at ₹162.25 on the NSE, reflecting a 57.5% premium over its IPO issue price of ₹103. Urban Company, formerly known as UrbanClap, is a leading tech-enabled home services platform offering a wide range of services, including beauty and wellness, appliance repair, cleaning, and maintenance. In FY25, Urban Company reported Revenue ₹1,144 crore (38% YoY growth) and ₹240 crore (a significant turnaround from a ₹93 crore loss in FY24). For those who received allotment, consider book partial profit and hold rest for long-term gains with sl of 120,” said Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

Urban Company IPO had received a strong demand from investors across all segments. The issue was oversubscribed 103.63 times overall. The retail investor portion was subscribed 39.25 times, while the Non-Institutional Investors (NII) segment saw 74.04 times subscription. The Qualified Institutional Buyers (QIB) category recorded the highest demand with 140.20 times subscription.

Ahead of listing, the shares of Urban Company IPO were commanding a premium of ₹51 in the grey market, according to investorgain.com.

Urban Company IPO had opened on Wednesday, September 10, and concluded on Friday, September 12, with the IPO allotment finalized on September 16.

Urban Company IPO received an overwhelming response from investors with subscriptions exceeding 100 times. As per a Bloomberg report, it stands as the most heavily subscribed share sale in India this year.

The ₹1,900 crore IPO comprised a fresh issue of 4.58 crore equity shares valued at ₹472 crore, along with an offer-for-sale (OFS) of 13.86 crore shares worth ₹1,428 crore. The price band for the IPO was fixed at ₹98 to ₹103 per share.

Kotak Mahindra Capital Co. Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the Urban Company IPO registrar.

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