Urban Company’s ₹1,900 Crore IPO to Open on September 10 with Price Band at ₹98-103 Per Share; Valuation to Go upto ₹14,790 Cr

Urban Company, the app-based Indian platform for beauty and home services, has recently announced that it has set the price band for its upcoming ₹1,900 crore Initial Public Offering (IPO) at ₹98 to ₹103 per share.

Urban Company has announced that its debut public offering will be open for subscription from September 10 to 12, while bidding for anchor investors will be conducted on September 9.

The company revealed that in Urban Company’s upcoming IPO, 75% of the shares are allocated to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs), and the remaining 10% to retail investors. Additionally, up to ₹2.5 crore worth of shares is reserved for eligible company employees.

At the upper end of the price band, the company’s valuation is pegged at ₹14,790 crore.

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Fundraising Details of Urban Company's IPO

The Gurugram-based company aims to raise ₹472 crore through the issuance of fresh shares, while existing investors are set to offload shares worth ₹1,428 crore.

Additionally, investors can place bids starting from one lot of 145 shares, followed by multiples of 145 shares thereafter.

The entities disinvesting their shareholdings through the Offer for Sale (OFS) route include Accel India, Elevation Capital, Bessemer India Capital Holdings II Limited, Internet Fund V Pte. Limited, and VYC11 Limited.

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Urban Company’s Chief Aim of Issuing Fresh Shares

The company intends to utilize the funds raised from the fresh share issuance for developing new technology and cloud infrastructure, covering lease payments for its offices, funding marketing activities, and supporting general corporate purposes.

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

Urban Company is anticipated to debut on the stock market on September 17.

On Tuesday, September 2, 2025, an update on SEBI’s website confirmed that the company had obtained the market regulator’s approval to proceed with its maiden public offering.

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