8 Key Things to Know About the Urban Company IPO Before Its Launch on September 10

Urban Company IPO will finally open for subscription tomorrow, September 10, and anticipation is really high. Ahead of the opening of its bidding window, the Urban Company IPO GMP is soaring about 34%, which has attracted more investor interest.

Urban Company is one of India's largest tech-driven home and beauty services marketplaces and is finally entering Dalal Street with a high growth potential and rising demand in the market.

Here are the 8 key things you must know about the Urban Company IPO before applying:

1. IPO Size and Price Band

The Urban Company IPO size is Rs. 1,900 crore, which includes a fresh issue of Rs. 472 crore and an Offer for Sale (OFS) worth Rs. 1,428 crore. The price band is set at Rs. 98-103 per share, making it attractive for retail investors looking for listing gains.

2. Subscription Window Dates and Listing

The Urban Company IPO opens on September 10 and closes on September 12th. The basis of allotment will be finalised on September 15, and shares will be listed on the NSE and BSE on September 17th.

3. Urban Company IPO Grey Market Premium (GMP)

As per the latest data from the investors' Gan website, The Urban Company IPO GMP is around Rs. 35.5 per share above the upper price band of Rs. 103, which suggests potential listing gains of nearly 34.47%.

4. What is the minimum required investment?

For retail investors, the lot size is 145 shares, meaning the minimum investment should be around Rs. 14,935.

5. Who are the promoters and founders?

Urban Company was founded by Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra. Post-IPO, the promoter holding will be around 20.42%, with private equity investors reducing some stake.

6. Use of Proceeds From The IPO

The fresh issue money will be used for technology development, cloud infrastructure, office lease payments, marketing campaigns, and general corporate purposes. This will help Urban Company expand operations and strengthen its tech-driven platform.

7. Strong Financial Performance

In FY25, Urban Company reported a 38% jump in revenue and an impressive 358% rise in profit after tax (PAT). These numbers show strong execution, better margins, and operational scalability.

8. Key Investors and PE Returns

Early investors like Accel India, Elevation Capital, and Bessemer India are expected to make massive returns. For example, Accel India is set to gain nearly 28.5x on its investment.

About the Urban Company IPO

Urban Company is a leading platform for home services and beauty services, offering cleaning, pest control, electricians, plumbing, grooming, spa, and salon services. The company operates in 51 Indian cities and also has a presence in the UAE and Singapore.