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Urban Company shares surge 14% after SBI MF increase stake with ₹600 crore purchaseUrban Company saw a large block on Tuesday, where three entities offloaded nearly 4.6% of the company's outstanding equity.By Hormaz Fatakia   March 18, 2026, 9:50:54 AM IST (Updated)2 Min ReadShares of recently listed Urban Company Ltd. surged as much as 14% on Wednesday, March 18, after SBI Mutual Fund increased its stake in the company by buying shares in the block deal that took place on Tuesday,

SBI MF purchased shares worth ₹632.2 crore in Urban Company, amounting to nearly 4% of its outstanding equity.

As of December 31, SBI MF already had a 1.89% stake in the company.

Urban Company saw a large block on Tuesday, where three entities offloaded nearly 4.6% of the company's outstanding equity.

Existing shareholders DF International II Fund, and Wellington Hadley Harbor, sold their entire stake, marking an exit from the company, while ABG Capital, which had a 1.36% stake as of December, offloaded 1.2% stake or 1.74 crore shares.

The block in Urban Company took place as soon as the six-month lock-in for shareholders ended on Tuesday, which freed up 940.9 million shares of the company, or 66% of the total outstanding, according to Nuvama Alternative & Quantitative Research.

Shares of Urban Company had made their stock market debut in September last year, having priced their IPO at ₹103 apiece. The stock nearly doubled within a few days of going public, making a post-listing high of ₹201.

However, concerns over profitability and increased investments in its new Instahelp service, led to the stock reversing all of those gains, even slipping below the issue price for a brief period.

Shares of Urban Company are trading 13.9% higher on Wednesday at ₹125.42. The stock is down 8% in the last one month.Continue ReadingFirst Published: Mar 18, 2026 7:20 AM ISTTagsblock dealSBI MFshare market todayUrban Company