Urban Company to launch Rs 1900 crore IPO as it gears up for stock market debut
- Urban Company to open its IPO from September 10 to 12 with a price band of Rs 98-103 per share.
- Rs 1,900 crore IPO includes Rs 472 crore fresh issue and Rs 1,428 crore Offer for Sale by existing investors.
- The listing could value the company at nearly Rs 15,000 crore.
Urban Company, the Gurugram based home services platform, is set to go public with its first Initial Public Offering (IPO) worth Rs 1,900 crore. The IPO will open for public subscription from September 10 to September 12, with anchor investors participating on September 9.
The issue comprises a fresh equity issue of Rs 472 crore and an Offer for Sale (OFS) of Rs 1,428 crore by existing shareholders. The IPO is priced in the range of Rs 98 to Rs 103 per share, which could take the company’s valuation close to Rs 15,000 crore.
The public issue will see 75% of shares reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Individual Investors (RIIs).
A group of major financial institutions including Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs India, and JM Financial are managing the IPO process.
Founded in 2014 as UrbanClap, Urban Company has grown into one of India’s leading platforms for at home services such as beauty and grooming, cleaning, appliance repair, plumbing, carpentry, pest control, and painting. The platform connects customers with trained professionals through its mobile app and website, and has expanded beyond India into global markets.
Also Read: Urban Company CEO Envisions Future of AI and Robotics in Home Services
The IPO arrives at a time when investor interest in Indian startups is surging. A recent wave of IPO approvals signals increasing market confidence, and Urban Company’s debut is expected to attract significant attention from both institutional and retail investors.
With strong fundamentals, growing demand for home services, and a solid tech driven model, Urban Company is positioning itself as a key player in India’s booming service tech landscape.
