The firm plans to make use of funds raised via the contemporary issuance for brand spanking new expertise improvement and cloud infrastructure, lease funds for its workplaces, advertising actions, and common company functions. File. | Photo Credit: Reuters
The firm’s inventory began buying and selling at ₹161, a bounce of 56.31% from the problem value on the BSE. Later, it zoomed 73.78% to ₹179.
At the NSE, the inventory listed with a premium of 57.52% at ₹162.25.
The firm’s market valuation stood at ₹24,216.49 crore.
The preliminary public provide of Urban Company Ltd obtained overwhelming investor participation, with the problem getting an enormous 103.63 instances subscription on the ultimate day of bidding on Friday (September 12) final week.
The 1,900-crore IPO had a value band of ₹98-103 per share.
The firm plans to make use of funds raised via the contemporary issuance for brand spanking new expertise improvement 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 providers and options throughout varied house and sweetness classes. Apart from India, it has a presence within the United Arab Emirates, Singapore, and the Kingdom of Saudi Arabia.
Its platform allows shoppers to simply order providers, together with cleansing, pest management, electrical work, plumbing, carpentry, equipment servicing and restore, portray, skincare, hair grooming, and therapeutic massage remedy.
Published – September 17, 2025 11:30 am IST
