Urban Company IPO: Shares Make Strong Debut, Lists With Nearly 60% Premium

Urban Company IPO: Urban Company share price made a strong debut on Dalal Street on September 17, listing with a premium of nearly 60 per cent over its issue price.

Urban Company share price listed at Rs 162.25 per share on the NSE, with a premium of 57.52 per cent. On the BSE, the stock debuted at Rs 161 apiece, a premium of 56.31 per cent.

Urban Company issued its stocks at Rs 103 after a three-day bidding process which saw a strong demand from investors. The issue was oversubscribed by 103.63 times by the end of the final day of bidding, turning out to be the most subscribed IPO of 2025.

Ahead of its listing, Urban Company shares were trading at a grey market premium (GMP) of Rs 51, according to multiple websites that track unlisted shares of IPO-bound companies in the grey market.

Urban Company runs an online platform that connects customers with quality services in home and beauty categories. Besides India, it also operates in the United Arab Emirates, Singapore, and Saudi Arabia.

Urban Company Share Price

Soon after listing, Urban Company’s share price climbed to Rs 179 on both the NSE and BSE within the first few minutes of trade, delivering a 73.78% return over the issue price.

From its listing price of Rs 162.25 on the NSE, the stock rose 10.32% to hit the intraday high. On the BSE, it advanced 11.18% from the listing price of Rs 161.

Urban Company IPO Details

The Urban Company IPO opened for public bidding on September 10, and closed on September 12. The allotment of shares was finalised on September 16.

The Rs 1,900-crore IPO included a fresh issue of 45.80 ,million equity shares worth Rs 472 crore and an offer-for-sale (OFS) of 138.60 million shares amounting to Rs 1,428 crore. The price band for the issue was set at Rs 98 to Rs 103 per share.

Kotak Mahindra Capital is the book-running lead manager, and MUFG Intime India is the registrar for the Urban Company IPO.

Urban Company Financials

In FY25, Urban Company’s revenue jumped 38 per cent to Rs 1,144.5 crore, turning profitable with a net profit of Rs 240 crore as against a loss of Rs 93 crore last year.

About 26 per cent of its revenue came from product sales, supported by strong growth in both India and overseas markets. The profit also came in due to the recognition of deferred tax assets worth Rs 211 crore.

The company’s adjusted EBITDA increased to Rs 11.1 crore from a loss of Rs 119 crore in FY24.