Urban Company’s maiden public offering will be open for subscription during September 10-12, and the bidding for anchor investors will open for a day on September 9. | Photo: Screengrab via X/@urbancompany_UC
Urban Company, the mobile app-based beauty and home services platform, on Wednesday (September 3, 2025) fixed a price band of ₹98 to ₹103 per share for its upcoming ₹1,900 crore Initial Public Offering (IPO).
At the upper end of the price band, the company’s valuation is pegged at ₹14,790 crore.
Urban Company’s maiden public offering will be open for subscription during September 10-12, and the bidding for anchor investors will open for a day on September 9, the company announced.
The Gurugram-based company plans to raise ₹472 crore through selling new shares, and existing investors plan to sell stakes worth ₹1,428 crore.
Those selling shares under 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 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, electrician, plumbing, carpentry, appliance servicing and repair, painting, skincare, hair grooming and massage therapy.
These services are delivered by trained and independent service professionals at the consumers’ convenience.
The company said that 75% of the issue size has been reserved for qualified institutional buyers, 15% for non-institutional investors and the remaining 10% for retail investors.
Further, investors can bid for one lot of 145 shares and then 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 issue. Urban Company is expected to make its stock market debut on September 17.
On Tuesday (September 2, 2025), an update on SEBI’s website showed that the company had received the market regulator’s approval to launch its maiden public issue.
Published – September 03, 2025 11:15 am IST
