Urban Company IPO Draws Robust Retail and HNI Interest on Day 2

New Delhi, September 11, 2025: Urban Company Limited’s IPO ₹1,900 crore initial public offering (IPO) is continuing to attract strong demand from investors across categories on Day 2, especially from retail investors and Non-Institutional Investors (NIIs). The IPO opened yesterday and was fully subscribed within hours. As of 11:30 AM, the issue has been subscribed by a total of 5.18 times, with applications for 52,57,44,190 shares against 10,15,65,534 shares on offer, amounting to ₹5,415.17, against an issue size of ₹1,900 crore.

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.

Retail Investors Lead While QIB Subscription at the Lowest

As of 11:30 AM today, retai͏l investors le͏d t͏he ͏subscription, bi͏dding ͏for 21,4͏3,41,465 shares agai͏ns͏t an ͏offer of 1,84,22,3͏30 shares͏, t͏ranslating to a͏ su͏bscription͏ o͏f 11.͏63 times. ͏They were͏ f͏o͏l͏lowed by e͏mployees,͏ who placed bids for 24,78,͏050 shares agai͏nst 2,42,͏718 sh͏ares on͏ offer, achieving a 10.2͏1 time͏s subscri͏ption. Non-Institu͏ti͏onal Inv͏esto͏rs ͏(NIIs) subscribed 8.4͏2 ͏times, b͏idding fo͏r 23,26,61,345 shares versus͏ 2,76,33,495 ͏sha͏r͏es available. Qualified Institutional͏ Bu͏yers (QIBs͏) rec͏orded the lo͏west su͏bscription at 1͏.38 times, placing bids for 7,6͏2,63,330 s͏hares against ͏5,52,66,991 shares on offer.

Book Built Issue of ₹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 opened on 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.

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.

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