Urban Company Shares Extend Gains After Strong Market Debut; Stock Trades Nearly 69% Above IPO Price
- 18th September 2025
- 01:00 PM
- 2 min read
Summary
Urban Company made a strong debut on Wednesday, listing at ₹162.25 on the NSE — a 57.5% premium over its issue price of ₹103. The ₹1,900-crore IPO, priced in the band of ₹98–103 per share, saw overwhelming investor demand and delivered nearly 58% returns on day one. On Thursday, the stock extended gains, rising over 4% intraday to ₹174 before settling around ₹169, nearly 69% above the IPO price.Mumbai | September 18 –
Day 2 Gains After Bumper Listing
Shares of Urban Company Ltd continued to rally on Thursday, climbing as much as 4.29% to ₹174 intraday before easing to ₹169.24 around 10:03 am, still 1.36% higher on the day. At current levels, the company commands a market capitalisation of ₹24,223.67 crore.
The stock had listed on Wednesday with a 57.52% premium at ₹162.25 on the NSE, before closing at ₹166.83, up nearly 62% over the issue price.
IPO Details and Subscription
The ₹1,900-crore IPO of Urban Company — comprising a fresh issue and an offer for sale (OFS) — received robust participation across investor categories and was subscribed 103.63 times overall.
– Qualified Institutional Buyers (QIBs): 140.20 times
– Non-Institutional Investors (NIIs): 74.04 times
– Retail Investors: 39.25 times
Ahead of the issue, the company mobilised ₹854 crore from anchor investors, including Government Pension Fund Global, Fidelity Funds, Nippon India MF, ICICI Prudential MF, SBI MF, Aditya Birla Sun Life MF, and Nomura Funds Ireland.
The proceeds from the IPO will be deployed towards technology and cloud infrastructure development, office lease obligations, marketing initiatives, and general corporate purposes. Early investors such as Elevation Capital, Accel India, Internet Fund V, and Bessemer India Capital trimmed their stakes via the OFS.
About Urban Company
Urban Company operates a tech-enabled marketplace for home and beauty services, offering customers access to verified professionals for cleaning, electrical and plumbing work, carpentry, appliance repair, pest control, painting, skincare, grooming, and wellness therapies.
While India remains its largest market, the platform has also expanded internationally with operations in the UAE, Singapore, and Saudi Arabia.
IPO Buzz
The stock’s robust debut places Urban Company among the top-performing IPOs of 2025, with gains of over 50% on listing day. Market participants attribute the strong investor appetite to the company’s leadership in the organised home-services segment, scalable technology-driven model, and expanding international footprint.
