Urban Company, India’s leading home services provider, made its stock market debut on Wednesday. Shares opened at Rs. 162.25 on the NSE, reflecting a 57% increase from the issue price of Rs. 103. On the BSE, shares commenced at Rs. 161 and peaked at Rs. 179. The company’s market capitalization now stands at Rs. 24,216 crore. The ₹1,900-crore IPO garnered significant interest, with an overall subscription rate of 103 times: Institutional investors subscribed at 147x, non-institutional investors at 77x, and retail investors at 41x. The Grey Market Premium (GMP) was ₹52 per share, indicating robust demand. Experts highlight Urban Company’s potential for growth in the home services sector.
Investors holding shares are advised to consider partial profit-taking while retaining some shares, and those who did not receive allocations can look for price reductions to invest. Established in 2014, Urban Company offers services in beauty, wellness, appliance repair, deep cleaning, and home maintenance.