Urban Co. IPO
Bookbuilding IPO | ₹1,900.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Sep 10, 2025
IPO Close
Fri, Sep 12, 2025
Price Band
₹98.00 to ₹103.00
Market Cap (Pre-IPO)
₹14,789.55 Cr
IPO Details
| IPO Date | Sep 10, 2025 to Sep 12, 2025 |
| Listing Date | Tentative: Sep 17, 2025 |
| Face Value | ₹1.00 per share |
| Price Band | ₹98.00 to ₹103.00 |
| Lot Size | 145 Shares (Minimum: ₹14,935.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹1,900.00 Crores |
| Total Shares Offered | 184,489,255 shares |
| Fresh Issue | 45,848,481 shares |
| Offer For Sale | 138,640,774 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 147.35x |
| NII | 77.82x |
| RII | 41.49x |
| Total | 108.98x |
Urban Co. IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 13,81,67,475 (74.89%) |
| Retail Shares Offered | 1,84,22,329 (9.99%) |
| NII Shares Offered | 2,76,33,494 (14.98%) |
Urban Co. IPO Lot Size
Investors can bid for a minimum of 145 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 145 | ₹14,935 |
| Retail (Max) | 13 | 1,885 | ₹194,155 |
| S-HNI (Min) | 14 | 2,030 | ₹209,090 |
| S-HNI (Max) | 66 | 9,570 | ₹985,710 |
| B-HNI (Min) | 67 | 9,715 | ₹1,000,645 |
Urban Co. Financial Information (Restated Consolidated)
Urban Co.Ltd.'s revenue increased by 36% and profit after tax (PAT) rose by 358% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,200.64 | 1,638.65 | 1,631.22 |
| Total Income | 1,260.68 | 927.99 | 726.24 |
| Profit After Tax | 239.77 | -92.77 | -312.48 |
| EBITDA | 0.00 | 0.00 | 0.00 |
| NET Worth | 1,781.28 | 1,292.64 | 1,339.46 |
| Reserves and Surplus | 2,646.12 | 2,404.69 | 2,402.82 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 0.00% |
| Debt/Equity | 0.00 |
| RoNW (Return on Net Worth) | 13.35% |
| PAT Margin (Profit After Tax Margin) | 0.00% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 8.27 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.72 | 1.67 |
| P/E (x) | 59.71 | 61.68 |
| Promoter Holding | 21.09% | 20.40% |
Company Promoters
- The promoters of the company are Abhiraj Singh Bhal
- Raghav Chandra and Varun Khaitan.
Company Overview
Incorporated in December 2014, Urban Company is a technology-driven, full-stack online marketplace offering home and beauty services.
The company has presence across 51 cities across India, United Arab Emirates and Singapore, excluding cities served by the company's Kingdom of Saudi Arabia joint venture, as of June 30, 2025.
The company's platform enables consumers to book services such as cleaning, plumbing, electrical work, appliance repair, beauty treatments, and massage therapy, delivered by trained, background-verified professionals.
The company has also ventured into home solutions with the launch of water purifiers and electronic door locks under its brand ‘Native’. It supports service professionals with training, tools, financing, insurance, and branding, helping improve service quality and earning potential.
Urban Company is an online full-stack home and beauty services platform by net transaction value in the nine months ended December 2024. The Indian home services market, valued at USD 59.2 billion in 2024, is projected to reach USD 97.4 billion by 2029, despite online penetration remaining below 1%, indicating strong growth potential.
In three months ended June 30, 2025, the company had 54,347 average monthly active service professionals on our platform, i.e., a service professional who has delivered at least one service during a given month.
When aggregated across the platform, the company operate in over 12,000 service micro-markets as at June 30, 2025.
The company earns revenue through
- Platform services for consumers;
- Sales of products to service professionals for use during service delivery; and
- Sales of the Native products to consumers.
Company Strengths
- The multi-category, hyperlocal, home services marketplace benefits from network effects.
- Established brand trusted by consumers.
- Improved quality of service professionals through in-house training and access to tools and consumables.
- Robust technology platform powering service fulfilment, consumer growth and service professional empowerment.
Use of Proceeds
| 1) | Expenditure for new technology development and cloud infrastructure | 190.00 |
| 2) | Expenditure for lease payments for the offices | 75.00 |
| 3) | Expenditure towards marketing activities | 90.00 |
| 4) | General corporate purposes | 90.09 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Professional Services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹14,789.55 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Sep 10, 2025 |
| IPO Close | Sep 12, 2025 |
| Allotment Date | Sep 15, 2025 |
| Credit to Demat | Sep 16, 2025 |
| Listing Date | Tentative: Sep 17, 2025 |
Lead Manager(s)
Kotak Mahindra Capital Co.Ltd.
Registrar
Description
- Urban Company IPO is a book build issue of ₹1,900.24 crores. The issue is a combination of fresh issue of 4.58 crore shares aggregating to ₹472.24 crores and offer for sale of 13.86 crore shares aggregating to ₹1,428.00 crores.
- Urban Company IPO bidding started from Sep 10, 2025 and ended on Sep 12, 2025. The allotment for Urban Company IPO was finalized on Sep 15, 2025. The shares got listed on BSE, NSE on Sep 17, 2025.
- Urban Company IPO price band is set at ₹103.00 per share . The lot size for an application is 145. The minimum amount of investment required by an retail is ₹14,935 (145 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,030 shares), amounting to ₹2,09,090, and for bNII, it is 67 lots (9,715 shares), amounting to ₹10,00,645.
- The issue includes a reservation of up to 2,65,957 shares for employees offered at a discount of ₹9.00 to the issue price.