Urban Company, India’s leading tech-enabled home and beauty services platform, launched its highly anticipated Initial Public Offering (IPO) in September 2025. The IPO opened for subscription on September 10 and closed on September 12, drawing an overwhelming response from investors across categories. With a total issue size of ₹1,900 crore, the IPO included a fresh share sale worth ₹472 crore and an offer-for-sale (OFS) of ₹1,428 crore.
The company set its IPO price band between ₹98 and ₹103 per equity share, with a lot size of 145 shares. At the upper end of the price band, the minimum investment for retail investors amounted to ₹14,935. The IPO was structured as a book-built issue and saw massive oversubscription—103.63 times overall—with the Qualified Institutional Buyers (QIBs) segment subscribed 140.20 times, Non-Institutional Investors (NIIs) 74.04 times, and retail investors 39.25 times.
Urban Company finalized the basis of allotment on September 15, 2025. Investors who applied for shares received allotment confirmations via SMS, email, or through their broker platforms. Refunds for unsuccessful applicants and credit of shares to successful bidders’ demat accounts were scheduled for September 16. The company’s shares are set to be listed on both BSE and NSE on September 172.
The IPO’s strong demand was further reflected in the grey market premium (GMP), which surged to ₹68.5 per share ahead of listing, indicating a potential listing price of ₹171.5—nearly 66.5% above the issue price. Urban Company’s robust brand presence, expanding footprint across 51 cities in India, UAE, and Singapore, and improving profitability have made it one of the most watched IPOs of the year.