The company plans to use funds raised through the fresh issuance for new technology development and cloud infrastructure, lease payments for its offices, marketing activities, and general corporate purposes. File.
| Photo Credit: Reuters
Shares of app-based beauty and home services platform Urban Company Ltd on Wednesday (September 17, 2025) listed with a premium of 57.52% over the issue price of ₹103.
The company’s stock started trading at ₹161, a jump of 56.31% from the issue price on the BSE. Later, it zoomed 73.78% to ₹179.
At the NSE, the stock listed with a premium of 57.52% at ₹162.25.
The company’s market valuation stood at ₹24,216.49 crore.
The initial public offer of Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the final day of bidding on Friday (September 12) last week.
The 1,900-crore IPO had a price band of ₹98-103 per share.
The company plans to use funds raised through the fresh issuance for new technology development and cloud infrastructure, lease payments for its offices, marketing activities, and general corporate purposes.
Urban Company operates a technology-driven, full-stack online marketplace for quality-driven services and solutions across various home and beauty categories. Apart from India, it has a presence in the United Arab Emirates, Singapore, and the Kingdom of Saudi Arabia.
Its platform enables consumers to easily order services, including cleaning, pest control, electrical work, plumbing, carpentry, appliance servicing and repair, painting, skincare, hair grooming, and massage therapy.
Published – September 17, 2025 11:30 am IST
