Urban Company’s IPO received an overwhelming response on its opening day. The ₹1,900-crore IPO was fully subscribed within just two hours, with investors applying for 19.59 crore shares against an availability of only 10.67 crore shares. Retail investors were particularly active, with their segment subscribed 4.52 times. Non-institutional investors subscribed 2.04 times, while institutional buyers accounted for 20%. Prior to the public offering, the company secured ₹854 crore from anchor investors. The IPO commenced on September 10 and is set to close on September 12, with a price range of ₹98–103 per share. At the upper limit, Urban Company is valued at ₹14,790 crore.
The company aims to raise ₹472 crore through new shares, and existing shareholders will sell shares worth ₹1,428 crore. Allotment of shares is expected by September 15, with listings on BSE and NSE scheduled for September 17. Urban Company, known for its app-based beauty and home services, is gaining significant traction among investors.
