The Urban Company IPO will be open from September 10 to September 12, 2025. The company has set the price band at Rs 98-103 per share and plans to raise Rs 1,900 crore through this offering. The shares are trading at a Rs 35 premium in the grey market, indicating a potential listing gain of approximately 34%.
Urban Company IPO GMP: The IPO for Gurugram-based online service platform Urban Company is open for investors from September 10 to September 12, 2025. The company has set a price band of Rs 98-103 per share and aims to raise Rs 1,900 crore, which includes Rs 472 crore from fresh equity shares and Rs 1,428 crore from an Offer for Sale (OFS). The grey market has observed a premium of Rs 35 per share, suggesting a potential listing gain of about 34%. The listing is expected on September 17 on both BSE and NSE.
Price Band and Valuation
Gurugram-based Urban Company has set its IPO price band between Rs 98 and Rs 103 per share. Through this offering, the company plans to raise approximately Rs 1900 crore. The issue will remain open until September 12. Investors can apply for a minimum of 145 shares.
At the upper end of the price band, Rs 103 per share, the company's estimated valuation will be around Rs 14,790 crore. This highlights the significance of this rapidly growing platform in the domestic services sector.
Grey Market Premium
According to market experts, Urban Company's shares are trading at a premium of Rs 35 per share in the unofficial grey market. At this level, the issue could potentially offer a gain of about 34 percent. Such activity in the grey market before an IPO indicates b investor interest in the company.
IPO Structure
This public offering from Urban Company will consist of two parts. The first part comprises fresh equity shares worth Rs 472 crore. The second part is an Offer for Sale (OFS) of Rs 1,428 crore, through which existing investors will sell their stakes.
Among the investors selling their stakes through the OFS are prominent names like Exell India, Elevation Capital, Bessemer India Capital Holdings II Limited, Internet Fund V Private Limited, and VYC11 Limited.
Utilisation of Funds Raised
The company has clarified that the funds raised from the IPO will primarily be used for marketing campaigns and technology upgrades. Urban Company stated that it will implement further technological advancements on its platform in the future to provide better and faster services to its customers.
Company's Business Model
Urban Company was founded in 2014 under the name UrbanClap. A few years later, the company rebranded itself as Urban Company. Today, it has become one of India's largest home and beauty service providers.
The company's services include beauty treatments, massages, home cleaning, plumbing, electrical work, carpentry, and various other home services. Currently, the platform has over 48,000 active service professionals associated with it.
Allotment and Listing Dates
The bidding process for the Urban Company IPO will conclude on September 12. The allotment of shares is expected on September 15. The company's shares may list on BSE and NSE on September 17.
