The initial public offering (IPO) of Urban Company is set to open on September 10, 2025, offering investors an opportunity to invest in the home services marketplace. The IPO aims to raise ₹1,900 crore through a combination of fresh equity issuance and an offer for sale (OFS) by existing shareholders. The subscription will be open from September 10 to September 12, with the anchor investor bidding window opening on September 9.
Price Band and Lot Size
Urban Company has fixed the price band for the IPO at ₹98 to ₹103 per share. Investors can bid in lots of 145 shares and in multiples thereof. At the upper end of the price band, the company's post-issue market capitalization is estimated to be between ₹14,095 crore and ₹14,790 crore. The face value of each equity share is ₹1.
Offer Details
The IPO comprises a fresh issue of shares aggregating up to ₹472 crore, while the remaining ₹1,428 crore will be raised through the offer for sale. The offer for sale will allow existing investors to liquidate some of their holdings.
Allocation
The IPO has reserved 75% of the issue for Qualified Institutional Buyers (QIBs), amounting to approximately ₹1,423 crore. Non-Institutional Investors (NIIs) will get 15% of the issue, translating to about ₹285 crore, while the remaining 10% is earmarked for Retail Individual Investors (RIIs).
Important Dates
The basis of allotment is expected to be finalized on or around September 15, 2025. Equity shares will be credited to the demat accounts of successful applicants on September 16, 2025. The listing of Urban Company's shares on the NSE and BSE is scheduled for on or around September 17, 2025.
About the Company
Founded in 2014, Urban Company (formerly known as UrbanClap) began as a tech-enabled platform connecting consumers with vetted home service professionals. Since then, it has expanded across India and into several international markets. It offers a comprehensive range of services delivered at the customer's doorstep, including beauty and grooming, spa and massage therapies, home cleaning, appliance repair, plumbing, electrical and carpentry work, as well as pest control and painting services.
Lead Managers
The IPO is being managed by a consortium of lead managers, including Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs (India), and JM Financial.
Potential Returns for Early Investors
Urban Company's IPO is set to give significant returns to its early investors. Accel is expected to earn 29X, Elevation Capital 19X, and Bessemer 14X. The IPO values the firm at approximately ₹15,000 crore. Major investors and founders will sell shares worth hundreds of crores through the offer-for-sale route.
