Urban Company IPO: Issue Opens For Subscription On September 10, Check GMP, Price Band, Lot Size And More

Urban Company IPO (Urban Company Ltd) subscription window is scheduled to open on September 10. Here’s a look at some key details of the public issue before it opens for subscription next week:

Urban Company IPO GMP

The grey market premium for Urban Company shares is Rs 19, according to the Investorgain website. Given the GMP of Rs 19, the stock is likely to make a strong debut with a premium of over 18 per cent at Rs 122 per share.

Urban Company IPO: Offer Size and Price Band

Urban Company IPO is worth Rs 1,900 crore. Urban Company IPO comprises a fresh issuance of 45.8 million shares consisting of Rs 472 crore the issue also has an offer-for-sale component of 138.6 million shares aggregating to Rs 1,428 crore. The price band for Urban Company IPO was set at Rs 98 to Rs 103 per share.

Urban Company IPO: Category Wise Reservation

As much as 75 per cent of the total issue size of Urban Company IPO has been reserved for the Qualified Institutional Buyer category. As much as 10 per cent of the issue size has been set aside for the retail category and 15 per cent of the issue size has been set aside for the Non-Institutional Investor category.

Urban Company IPO: Lot Size and Minimum Investment

Retail investors interested in applying for Urban Company IPO can place bids for a minimum of 145 shares, which aggregates to an investment of Rs 14,935.

Urban Company IPO: Subscription window, listing date, allotment date

Urban Company IPO bidding window opened on September 10. Urban Company IPO bidding window is scheduled to close on September 12. The basis of allotment of Urban Company IPO will be decided on September 15.

After the basis of allotment for Urban Company IPO is decided the home and beauty services provider will initiate refunds for unsuccessful applicants on September 16. Successful bidders will receive shares of Urban Company in their demat accounts on September 16 as well. Urban Company’s shares will make their D-street debut on the NSE and BSE. The tentative listing date for Urban Company Limited’s shares is September 17.

Urban Company: Key financials

Urban Company’s total income for FY25 stood at Rs 1260.68 crore, increasing by over 35 per cent from Rs 927.99 crore in FY24. The home and beauty services provider’s profit-after-tax increased stood at Rs 239.77 crore in FY25 growing from Rs 92.77 crore in the preceding fiscal. The home and beauty services provider’s net worth increased by nearly 38 per cent to Rs 1781.28 crore in FY25 compared to Rs 1292.64 crore in FY24.

Urban Company IPO: Registrar

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

Urban Company: Promoters

Promoters of Urban Company include Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan, the promoters collectively held 21.09 per cent stake in the company prior to the issue.

Urban Company IPO: Objective

Urban Company aims to use the money generated via the public issue for purchasing new technology development and cloud infrastructure, spending on lease payments for office premises, conducting marketing activities and other general corporate purposes.

About Urban Company Ltd

Urban Company Ltd is an online marketplace which provides services for home-care and beauty. The company is geographically present across 51 cities in India, United Arab Emirates and Singapore.