The Urban Company IPO achieved full subscription on its second day, with a subscription rate of 3.13 times. The Grey Market Premium (GMP) stands at ₹39, indicating that shares are trading above the IPO price. Valued at ₹1,900 crore, the IPO remains open until September 12, with a price range of ₹98 to ₹103 per share, leading to a potential total valuation of up to ₹14,790 crore. The company aims to raise ₹472 crore through new shares, while existing investors plan to sell shares worth ₹1,428 crore. The raised funds will be allocated for technology enhancements, marketing efforts, office expenses, and operational costs.
Analysts have assigned a neutral rating, suggesting that the IPO is reasonably priced in comparison to other platform companies.
