Urban Company IPO to Open on September 10: Key Details

New Delhi, September 3, 2025: Urban Company, the app-based beauty and home services firm, will open its ₹1,900 crore initial public offering (IPO) on Wednesday, September 10. The three-day offering will close on Friday, September 12, and anchor investor bidding will be held on Tuesday, September 9, according to the firm’s red herring prospectus (RHP).

The IPO will include a fresh issue of shares aggregating ₹472 crore and an offer for sale (OFS) of ₹1,428 crore by present investors, comprising Accel India, Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd, and VYC11 Ltd.

IPO Snapshot

Urban Company’s IPO will open on September 10, 2025, and close on September 12, 2025, with the anchor book on September 9, 2025. The issue size is set at ₹1,900 crore, consisting of a fresh issue of ₹472 crore and an offer for sale (OFS) of ₹1,428 crore. Book-running lead managers (BRLMs) on the issue include Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs (India), and JM Financial.

Fund Utilisation

The corporation will use proceeds from the new issue for:

• Development of technology and cloud infrastructure
• Payment of lease rentals for office premises
• Marketing expenses
• General corporate objectives

Lead Managers

Book-running lead managers (BRLMs) to the IPO are Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities, and JM Financial. The issue is likely to attract robust interest from institutional and retail investors, considering the company’s size and increasing demand in the organised services sector.

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