Urban Company IPO Opens Today, GMP Surges Ahead Of Issue Opening - Check Key Details

Urban Company IPO GMP: Urban Company's much-awaited Rs 1,900-crore initial public offering (IPO) opened for public bidding today, September 10, 2025 at 10:00 AM. The issue will remain open till September 12.

In the grey market, the Urban Company IPO saw a strong surge in premiums ahead of the opening of the bidding window. According to several websites that track prices of IPO-bound unlisted shares in the grey market, Urban Company IPO is quoting a grey market premium (GMP) of Rs 36.5 as of 8:00 AM on September 10, up from Rs 27.5 three days ago. The GMP has climbed from around Rs 10 a week earlier.

Given the GMP of Rs 36.5 per share, Urban Company’s IPO shares are expected to list at Rs 139.5 per share, a premium of 35.44 per cent.

Urban Company IPO Subscription Status Day 1

As of 10:21 AM on the opening day of bidding, Urban Company’s IPO was subscribed 23 per cent of the total shares on offer. The retail portion was booked 70 per cent, followed by non-institutional investors (NIIs) at 35 per cent and the employee quota at 55 per cent. The qualified institutional buyer (QIB) segment was yet to see any bids.

Urban Company IPO Anchor Book

Ahead of the IPO, the home services marketplace raised Rs 854 crore from anchor investors by allocating 8.29 crore shares at Rs 103 apiece.

The anchor book saw strong participation from marquee global and domestic institutions. Major allocations included about Rs 360 crore each from Government Pension Fund Global, Nippon India Small Cap Fund, Aditya Birla Sun Life Digital India Fund, ICICI Prudential Life Insurance, SBI Life Insurance, and Nomura India Equity Fund. Other notable investors in the round were SBI Mutual Fund, HDFC Mutual Fund, Fidelity, and Amundi.

Urban Company IPO Key Details: Price Band, Listing Date

The Urban Company’s Rs 1,900-crore IPO is a combination of fresh issue of 45.8 million equity shares worth Rs 472 crore, and an offer for sale component of 138.6 million equity shares worth Rs 1,428 crore. The allotment of shares is expected to be finalised on September 15, and shares are set to debut on NSE and BSE on September 17.

The Urban Company IPO is being offered with a price band of Rs 98-103 per share. Retail investors can bid for a minimum of one lot comprising 145 shares, translating to a minimum investment of Rs 14,935. Kotak Mahindra Capital is the book-running lead manager for the issue, while MUFG Intime India is acting as the registrar.

About 75 per cent of the shares on offer are reserved for QIBs, 10 per cent for retail investors, and 15 per cent for NIIs.

Urban Company IPO Objectives

Urban Company plans to use the Rs 472 crore net proceeds from the IPO for technology development and cloud infrastructure, lease payments for offices, marketing activities, and general corporate purposes. Of this, the company plans to deploy Rs 190 crore for technology and cloud infrastructure, Rs 75 crore for office lease payments, and Rs 90 crore for marketing.