Urban Company IPO Details

Urban Co. is coming up with a Rs. 1,900 crore Mainboard IPO, comprising a fresh issue of 4.58 crore shares worth Rs. 472 crore and an Offer for Sale of 13.86 crore shares aggregating to Rs. 1,428 crore. The IPO opens on 10 September 2025 and closes on 12 September 2025, with allotment scheduled for 15 September and listing on BSE & NSE tentatively fixed for 17 September 2025.

For investors, the price band is Rs. 98 to Rs. 103 per share with a lot size of 145 shares. The minimum application amount for retail investors is Rs. 14,935 (145 shares). For sNII, the lot size is 14 lots (2,030 shares) amounting to Rs. 2,09,090, while for bNII it is 67 lots (9,715 shares) requiring Rs. 10,00,645. Kotak Mahindra Capital Co. Ltd. is the BRLM and MUFG Intime India Pvt. Ltd. is the registrar.

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Urban Co. IPO latest updates

Grey market premium has been live at various centers

 

Urban Co. IPO Key Dates

Anchor portion
IPO opens on 10 Sept 2025
IPO Closes on 12 Sept 2025
IPO Allotment on 15 Sept 2025
Unblocking of Asba 16 Sept 2025
Credit of Shares 16 Sept 2025
Listing of Shares 17 Sept 2025

Who are the promoters of Urban Co. IPO? 

The promoters of the company are Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan.

The promoters hold 21.09% shares in the post IPO capital of the company.

What are the Objects of Urban Co. IPO?

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

The net proceeds of the Offer are proposed to be utilised in the following manner:

✔ Expenditure for new technology development and cloud infrastructure Rs. 190 Crore
✔ Expenditure for lease payments for the offices Rs. 75 Crore
✔ Expenditure towards marketing activities Rs. 90
✔ General Corporate Purposes

What is the business of Urban Co.?

Incorporated in December 2014, Urban Company is a technology-driven, full-stack online marketplace for home and beauty services. The company has a presence across 51 cities in India, UAE and Singapore (excluding its JV operations in Saudi Arabia as of June 30, 2025).

Through its platform, consumers can book cleaning, plumbing, electrical work, appliance repair, beauty treatments, and massage therapy — all delivered by trained and background-verified professionals. The company has also forayed into home solutions with products like water purifiers and electronic door locks under the ‘Native’ brand.

Urban Company provides strong support to its service partners in the form of training, tools, financing, insurance and branding, thereby enhancing service quality and improving earning potential. By net transaction value, it is the largest online full-stack home and beauty services platform in India for the nine months ended December 2024.

The Indian home services market stood at USD 59.2 billion in 2024 and is expected to expand to USD 97.4 billion by 2029, with online penetration still below 1%, highlighting the massive growth opportunity.

In the three months ended June 30, 2025, Urban Company had an average of 54,347 active service professionals per month, operating across more than 12,000 service micro-markets. The company generates revenue from:

  1. Platform services to consumers

  2. Sale of products to service professionals

  3. Sale of Native products to consumers

Urban Co. IPO Details

 
IPO opens on  10 September, 2025
IPO closes on  12 September, 2025 
Issue Type Book Built Issue IPO
Issue Size 18,44,66,018 Shares /
Rs 1900 Crore
* Fresh Issue Rs 472 Crore
* Offer for Sale  Rs 1428 Crore
   
Face Value per share: Rs. 1.00
Price Band  Rs. 98-103
Retail Discount  Rs 0 per share
Employee discount  Rs. 9 per share
Retail Lot Size  145 Shares
Listing will at  BSE, NSE

How are the shares offered in Urban Co IPO?

Investor Category Shares Offered
QIB Shares Offered Not less than 75% of the Net Offer
Retail Shares Offered Not more than 10% of the Net Offer
NII Shares Offered Not more than 15% of the Net Offer

 How can the shares be applied in X IPO?

Application Lots Shares Amount
Rs.
Retail (Min) 1 145 14,935
Retail (Max) 13 1,885 1,94,155
S-HNI (Min) 14 2,030 2,09,090
S-HNI (Max) 66 9,570 9,85,710
B-HNI (Min) 67 9,715 10,00,645

 

Urban Co. IPO allotment Status

Allotment of this IPO will be announced on 
 https://linkintime.co.in/Initial_Offer/public-issues.html

Registered Office of the company
Urban Co.Ltd.
Unit No. 8, Ground Floor,
Rectangle 1,
D-4 Saket District Centre
Delhi, New Delhi, 110017

Email: cs@urbancompany.com

Who are the Lead Managers of
Urban Co. IPO?

Kotak Mahindra Capital Co.Ltd
Morgan Stanley India Co.Pvt.Ltd
Goldman Sachs (India) Securities Pvt.Ltd
JM Financial Ltd. 

Registrar to IPO
Mufg Intime India Pvt Limited

Urban Co. IPO Financial Snapshot

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
Assets 2,200.64 1,638.65 1,631.22
Total Income 1,260.68 927.99 726.24
Profit After Tax 239.77 -92.77 -312.48
Net Worth 1,781.28 1,292.64 1,339.46
Reserves and Surplus 2,646.12 2,404.69 2,402.82
Amount in Rs. Crore

Key Performance Indicators

KPI Values
RoNW 13.35%
Price to Book Value 8.27
EPS 1.72
PE R 59.71

 

How Urban Co. IPO compares with the Peers?
Peer Comparison.
There is no other listed company as having business similar to The Urban Company.

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Urban Co. IPO Condensed Review by Paresh Gordhandas, CA & Research Analyst

Urban Company enjoys leadership in India’s online home-services market, backed by strong growth visibility and improving financials. The shift towards digital services, expansion into consumer products, and low online penetration provide a multi-year growth runway. On valuation, the IPO appears attractive for long-term investors, though near-term listing gains may depend on subscription momentum and grey-market activity.

 

What is the business model of Urban Company?

Urban Company earns from service booking fees, sale of products to service professionals, and sale of its own Native brand products to consumers.

Is Urban Company profitable?

Yes, the company turned profitable in FY23 and doubled PAT in FY25 to Rs. 61.11 crore, showing scale benefits.

How big is the Indian home services market?

The market was USD 59.2 bn in 2024 and is expected to reach USD 97.4 bn by 2029, with online penetration still below 1%.

What is the minimum investment in the IPO?

Retail investors can apply with 1 lot (145 shares) requiring Rs. 14,935 at the upper band.

Should investors apply for listing gains or long-term?

While listing gains depend on subscription and GMP trends, Chanakya believes the IPO offers a long-term growth story with attractive positioning.

Urban Company IPO dates

Urban Company IPO price lot

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