The preliminary public supply of app-based magnificence and residential companies platform Urban Company Ltd acquired fully subscribed hours after opening for bidding on Wednesday (September 10, 2025) and later ended the day with 3.13 times subscription.
The IPO obtained bids for 33,37,87,825 shares in opposition to 10,67,73,244 shares on supply, translating into 3.13 times subscription, as per NSE information.
Retail Individual Investors (RIIs) half acquired subscribed 7 times, and the non-institutional traders portion obtained 4.16 times subscription.
The Qualified Institutional Buyers (QIBs) class fetched 1.31 times subscription.
Urban Company on Tuesday raised ₹854 crore from anchor traders.
The firm’s ₹1,900 crore Initial Public Offering (IPO) will stay open for subscription until September 12 within the value band of ₹98-103 per share.
At the higher finish of the value band, the corporate’s valuation is pegged at ₹14,790 crore.
The Gurugram-based firm plans to boost ₹472 crore by means of promoting new shares, and current traders plan to promote stakes price ₹1,428 crore.
Those promoting shares below the supply for sale (OFS) route are Accel India and Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte Ltd and VYC11 Ltd.
The firm plans to make use of funds raised by means of the contemporary issuance for new expertise improvement and cloud infrastructure, lease funds for its workplaces, advertising actions, and basic company functions.
Urban Company operates a technology-driven, full-stack on-line market for quality-driven companies and options throughout numerous residence and sweetness classes. Apart from India, it has a presence within the United Arab Emirates, Singapore, and the Kingdom of Saudi Arabia.
Its platform allows shoppers to simply order companies, together with cleansing, pest management, electrical work, plumbing, carpentry, equipment servicing and restore, portray, skincare, hair grooming, and therapeutic massage remedy.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities and JM Financial are the book-running lead managers to the difficulty.
