Urban Company IPO: Urban Company’s initial public offering (IPO) is a book-built issue, offering stock market investors a combination of fresh issue of equity shares along with an offer for sale (OFS) component. The Indian home services firm’s public issue opened for bidding on Wednesday, 10 September 2025.
Stock market investors subscribed 3.13 times to the Urban Company IPO as of the first day of public bidding. The IPO witnessed a subscription of 33,39,12,815 or more than 33.39 crore shares, compared to the 10,67,73,244 shares on offer.
Urban Company IPO details
Urban Company is offering a book-built issue combining a fresh issue of shares amounting to ₹472 crore with an offer for sale (OFS) component of ₹1,428 crore. The company seeks to raise ₹1,900 crore from the initial public offering (IPO).
The company fixed the price band for the public issue in the range of ₹98 to ₹103 per equity share, with a lot size of 145 shares per lot.
The company plans to use the net proceeds from its IPO for developing new technology and enhancing its cloud infrastructure, covering lease payments for office spaces, funding marketing activities, and supporting general corporate purposes.
Kotak Mahindra Capital Co. Ltd. is the book-running lead manager for the public issue, while MUFG Intime India Private Limited is the registrar of the offer.
(This is a developing story. Please check back for updates)
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