Urban Companys 1,900 crore IPO to open on September 10; units value band at 98-103 per share

Urban Company, the cell app-based magnificence and residential companies platform, on Wednesday (September 3, 2025) fastened a value band of ₹98 to ₹103 per share for its upcoming ₹1,900 crore Initial Public Offering (IPO).

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

Urban Company’s maiden public providing might be open for subscription throughout September 10-12, and the bidding for anchor traders will open for a day on September 9, the corporate introduced.

The Gurugram-based firm plans to lift ₹472 crore via promoting new shares, and present traders plan to promote stakes value ₹1,428 crore.

Those promoting shares below the Offer For Sale (OFS) route are Accel India and Elevation Capital, Bessemer India Capital Holdings II Limited, Internet Fund V Pte. Limited and VYC11 Limited.

The firm plans to make use of funds raised via the recent issuance for brand new expertise growth and cloud infrastructure, lease funds for its places of work, advertising and marketing actions, and normal company functions.

Urban Company operates a technology-driven, full-stack on-line market for quality-driven companies 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 permits shoppers to simply order companies, together with cleansing, pest management, electrician, plumbing, carpentry, equipment servicing and restore, portray, skincare, hair grooming and therapeutic massage remedy.

These companies are delivered by educated and impartial service professionals on the shoppers’ comfort.

The firm mentioned that 75% of the problem measurement has been reserved for certified institutional consumers, 15% for non-institutional traders and the remaining 10% for retail traders.

Further, traders can bid for one lot of 145 shares after which in multiples of 145 thereafter.

Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities and JM Financial are the book-running lead managers to the problem. Urban Company is predicted to make its inventory market debut on September 17.

On Tuesday (September 2, 2025), an replace on SEBI’s web site confirmed that the corporate had acquired the market regulator’s approval to launch its maiden public concern.