Urban Company IPO Opens Today, Raises ₹854 Crore from Anchor Investors

New Delhi, September 10, 2025: The Initial Public Offering (IPO) of Urban Company Limited will open today for subscription at 10:00 AM. Investors who want to apply to the issue can either use ASBA through net banking or apply through a UPI mandate.

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.

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. Urban Company 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.

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.

Some big anchor investors included:

• SBI Mutual Fund (Innovative Opportunities Fund, Midcap Fund)
• ICICI Prudential MF (Bharat Consumption Fund, Exports & Services Fund)
• HDFC MF (Business Cycle Fund, Innovation Fund, Technology Fund)
• Nippon India Small Cap Fund
• Aditya Birla Sun Life Digital India Fund
• UTI MF (Balanced Advantage, Innovation, Multi Cap, Small Cap, India Consumer, Mid Cap Funds)
• Government of Singapore and Monetary Authority of Singapore

The strong demand from 59 anchor investors showcases that the IPO is well-received by big names in the financial industry. Now, it remains to be seen how the IPO is received by retail investors, along with QIBs and NIIs.

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