Urban Company IPO Day 1: Retail Bids Power Full Subscription Within Hours

New Delhi, September 10, 2025: Urban Company Limited’s ₹1,900 crore initial public offering (IPO) opened today and was fully subscribed within hours. Right after the IPO opened, it saw a strong demand from retail investors. By 12:06 PM, cumulative bids crossed the total number of shares offered by the company, reflecting robust demand across all the investor categories.

Urban Company Limited (formerly UrbanClap) is an Indian home services marketplace that connects customers with service professionals for a wide range of needs, including beauty, wellness, home repairs, and cleaning. The company was founded in 2014 and is headquartered in Gurgaon, Haryana, India.

Overall Subscription At 1.32 Times While Retail Investors Lead

Urban Company IPO has been subscribed by 1.32 times overall, with bids for 13.46 crore shares against 10.16 crore shares offered, amounting to ₹1,386.08 crore. Retail investors led the subscription at 4.01 times with 7.40 crore shares against 1.84 crore, amounting to ₹761.71 crore.

Anchor investors fully subscribed to their portion with 8.29 crore shares, amounting to ₹853.88 crore. However, until now, QIBs have shown weak demand at just 0.21 times, bidding for 1.15 crore shares worth ₹118.99 crore against 5.53 crore on offer. Non-institutional buyers subscribed 1.74 times, bidding for 4.81 crore shares against 2.76 crore, amounting to ₹495.12 crore. Within this, bNII (bids above ₹10 lakh) subscribed 1.46 times with 2.69 crore shares worth ₹276.90 crore, while sNII (bids below ₹10 lakh) subscribed 2.30 times with 2.12 crore shares worth ₹218.22 crore. Employees also showed strong interest with 4.10 times subscription, bidding for 9.96 lakh shares worth ₹10.26 crore against 2.43 lakh shares on offer.

Strong Anchor Book Response as ₹853.9 Crore Raised

Urban Company Limited received a strong investor response from anchor investors ahead of the IPO opening. The company raised ₹853.9 crore from anchor investors by allocating them a total of 8,29,00,485 shares at ₹103 per share. A significant number of anchor investors, totalling 59, purchased the shares. Out of the total, ₹315.6 crore (36.96% of anchor allocation) was invested by 13 domestic mutual funds through 29 different schemes.

Company Looking to Raise ₹1,900.00 Crores

Urban Company is looking to raise ₹1,900.00 crores through the IPO, which includes a fresh issue of ₹472.00 crores and an offer for sale of ₹1,428.00 crores. The IPO will open today, 10 September 2025 and will close on September 12, 2025. The company has set the price band at ₹98.00 to ₹103.00 per share, with a lot size of 145 shares, amounting to a minimum investment by a retail investor of ₹14,935 (145 shares), at the upper price band. Kotak Mahindra Capital Co. Ltd. is the book-running lead manager, while MUFG Intime India Pvt.Ltd is the registrar of the issue. The shares are expected to list on NSE and BSE on September 17, 2025.

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