The initial public offering (IPO) of Urban Company witnessed an overwhelming response from investors, with bids received for 11,06,46,08,960 shares against 10,67,73,244 shares on offer, translating to a subscription of 103.63 times.
Investor enthusiasm was led by institutional players, with the Qualified Institutional Buyers (QIBs) category subscribed 140.20 times, followed by Non-Institutional Investors (NIIs) at 74.04 times and Retail Individual Investors (RIIs) at 39.25 times. The IPO opened on 10 September 2025 and closed on 12 September 2025, with a price band fixed between Rs 98 and Rs 103 per share.
The issue comprised a fresh issue of shares aggregating Rs 472 crore and an offer for sale worth Rs 1,428 crore by investor selling shareholders (ISSH). Post-issue, shareholding will see Accel India (Mauritius) holding about 7.5%, Bessemer India Capital 5.43%, Elevation Capital V 8.73%, Internet Fund V 2.19%, and VYC11 7.91%.
Urban Company has earmarked the net proceeds from the fresh issue for strategic growth initiatives — Rs 190 crore for technology development and cloud infrastructure, Rs 75 crore for lease payments, Rs 90 crore for marketing activities, with the remainder allocated to general corporate purposes.
Ahead of the IPO, on 9 September 2025, Urban Company raised Rs 853.87 crore from 59 anchor investors, allotting 8.29 crore shares at Rs 103 per share.
Urban Company operates as a tech-enabled marketplace for home, beauty, and wellness services and has expanded into selling products under its ‘Native’ brand and offering ‘InstaHelp’ for everyday household needs. As of June 2025, the company was present in 51 cities, had 54,000 active service professionals, and catered to 14.6 million consumers.
For the six months ending 30 June 2025, Urban Company reported a consolidated net profit of Rs 6.94 crore and total income of Rs 367.27 crore. Notably, 77% of its FY25 revenue came from India services, followed by 12.8% from international operations and 10.1% from product sales.
The stellar subscription numbers reflect strong market confidence in Urban Company’s growth story and its ambition to scale its platform-driven model globally.
 of Urban Company witnessed an overwhelming response from investors, with bids received for 11,06,46,08,960.){kind=link}