Urban Company IPO opens for subscription

New Delhi, September 10, 2025: Urban Company highly anticipated Initial Public Offering (IPO) has been made available for public subscription, marking a significant event in the Indian tech sector. The issue, which is valued at ₹1,900 crore, is set to be subscribed to by investors between September 10 and September 12, 2025. This public offering is considered one of the most awaited listings of the year and has been approved by the market regulator, the Securities and Exchange Board of India (SEBI).

The IPO is composed of two parts: a fresh issue of shares worth ₹472 crore and an Offer-for-Sale (OFS) of up to ₹1,428 crore by existing shareholders. This offer is expected to be used for various purposes, including the development of new technology and cloud infrastructure, marketing activities, and general corporate purposes. It has also been reported that a portion of the funds will be used for office lease payments.

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The price band for the public issue has been established at ₹98 to ₹103 per share. A minimum of 145 shares must be applied for by retail investors, which translates to a minimum investment of ₹14,935. A discount of ₹9 per share will be offered to employees who apply under the reserved portion.

Urban Company, which was founded in 2014 as UrbanClap, has developed into a leading full-stack online services marketplace for home and beauty services. It has been reported that the company’s business model is centered on a two-sided marketplace that connects customers with verified service professionals. This platform is utilized to book a wide range of services, including cleaning, beauty treatments, appliance repair, and more.

The company’s financial performance has been under scrutiny, with a reported operating revenue increase of 38% for FY25 to ₹1,144 crore. A net profit of ₹240 crore was also reported for the same period, which was aided by a deferred tax credit. However, even on a pre-tax basis, a profit of ₹28 crore was achieved. It has also been noted that the company turned profitable in the June 2025 quarter.

The IPO allotment is scheduled to be finalized on September 15, and the shares are expected to be listed on both the BSE and NSE on September 17. The issue is considered by some analysts to be fully priced, leaving little room for near-term upside, and is therefore believed to be more suitable for aggressive long-term investors.