Urban Company IPO totally booked hours after opening for bidding; ends with 3.13 instances subscription

The preliminary public supply of app-based magnificence and residential companies platform Urban Company Ltd obtained totally subscribed hours after opening for bidding on Wednesday (September 10, 2025) and later ended the day with 3.13 instances subscription.

The IPO acquired bids for 33,37,87,825 shares towards 10,67,73,244 shares on supply, translating into 3.13 instances subscription, as per NSE information.

Retail Individual Investors (RIIs) half obtained subscribed 7 instances, and the non-institutional buyers portion acquired 4.16 instances subscription.

The Qualified Institutional Buyers (QIBs) class fetched 1.31 instances subscription.

Urban Company on Tuesday raised ₹854 crore from anchor buyers.

The firm’s ₹1,900 crore Initial Public Offering (IPO) will stay open for subscription until September 12 within the value band of ₹98-103 per share.

At the higher finish of the worth band, the corporate’s valuation is pegged at ₹14,790 crore.

The Gurugram-based firm plans to boost ₹472 crore by way of promoting new shares, and current buyers plan to promote stakes value ₹1,428 crore.

Those promoting shares below the supply on the market (OFS) route are Accel India and Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte Ltd and VYC11 Ltd.

The firm plans to make use of funds raised by way of the contemporary issuance for brand spanking new expertise growth and cloud infrastructure, lease funds for its workplaces, advertising actions, and common company functions.

Urban Company operates a technology-driven, full-stack on-line market for quality-driven companies and options throughout varied residence and wonder classes. Apart from India, it has a presence within the United Arab Emirates, Singapore, and the Kingdom of Saudi Arabia.

Its platform permits shoppers to simply order companies, together with cleansing, pest management, electrical work, plumbing, carpentry, equipment servicing and restore, portray, skincare, hair grooming, and therapeutic massage remedy.

Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities and JM Financial are the book-running lead managers to the problem.