Today’s IPO GMP for Urban Company: According to market watchers, the company’s shares are currently trading on the grey market for ₹37 more.
Thank you for reading this post, don't forget to subscribe!Urban Company IPO day 1: Urban Company Limited’s initial public offering (IPO) debuted on the Indian primary market today. Subscriptions for the Urban Company IPO will be accepted until September 12, 2025. This indicates that Wednesday through Friday is the date of the Urban Company’s IPO. The Urban Company IPO price range has been set by the company at ₹98 to ₹103 per equity share. It is suggested that the public issue be listed on both the BSE and the NSE. With ₹472 crore going toward the issuance of new shares, the mainboard issue hopes to raise ₹1,900 crore from its initial offer. An offer for sale (OFS) is set aside for the remaining ₹1,428 crore. At 10:00 AM today, the mainboard IPO bidding will start.
Long before its subscription opened, Urban Company’s IPO generated a lot of buzz in the grey market. Stock market watchers report that the company’s shares are trading at a premium of ₹37 on the grey market today, ₹2 more than the premium of ₹35 yesterday. Accordingly, the Urban Company IPO GMP today is ₹37, meaning that prospective investors will see a listing gain of about 36%. According to market watchers, the IPO GMP for Urban Company has increased from ₹28 to ₹37 over the past two days. For the Indian primary market investor submitting an application for an IPO in an urban company, this implies a significant listing gain.
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Status of Urban Company’s IPO subscriptions
72% of the public issue had been booked by 11:10 AM on the first day of bidding. The book build issue’s retail section had received 2.09 subscriptions, and 86% of the Non Institutional Investors (NII) segment had been filled. Thus far, 20% of the Qualified Institutional Buyers (QIBs) category has been reserved.
Details of the Urban Company’s IPO
- Urban Company IPO GMP today: According to market watchers, the company’s shares are trading on the grey market today for a premium of ₹37.
- Urban Company IPO price: The engineering firm has set a fixed price range of ₹98 to ₹103 per equity share for this public offering.
- Date of Urban Company IPO: On September 10, 2025, the book build issue will go live, and it will stay open until September 12, 2025.
- The initial public offering (IPO) size of Urban Company is ₹1,900 crore, of which ₹472 crore will be used to issue new shares. For an offer for sale (OFS), the remaining ₹1,428 crore is set aside.
- Lot size for Urban Company IPO: Bidders may submit applications in lots, and a lot of the mainboard IPO includes 145 company shares.
- Date of Urban Company IPO allotment: September 13, 2025, is the anticipated date of share allocation. On the other hand, the allocation can be finalized on September 15, 2025, if there is a Saturday delay.
- Urban Company IPO registrar: The book build issue’s official registrar is MUFG Intime India Private Limited.
- Date of Urban Company IPO listing: The BSE and NSE are considering listing the public offering. The anticipated date of the share listing is September 17, 2025.
- Urban Company IPO lead managers: The public offering will be led by Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs (India), and JM Financial.
Should I apply for the Urban Company IPO?
Review of the Urban Company IPO: Gaurav Garg of Lemonn Markets Desk discussed the IPO valuations of the company and stated: “This is a high-risk, high-reward investment for investors, appropriate only for those with a long-term horizon who believe in the company’s ability to scale sustainably as online penetration deepens. Given the growth potential but stretched valuations, our position would be to “apply with caution.”
“The IPO values the company at a market capitalization of ₹14,790 Cr at the upper price band of ₹103 per share. This corresponds to a Market Cap-to-Sales multiple of roughly 10x based on projected FY2026 earnings. We think a premium might be warranted, even though this valuation seems higher. Urban Company’s superior unit economics, premium service mix, and deeper integration with its service providers are the reasons behind this. This valuation, however, is predicated on the company maintaining its rapid growth and margin expansion. Anshul Jain, Head of Research at Lakshmishree Investment, stated that there isn’t much opportunity for a short-term re-rating.
“We recommend that risk-tolerant investors seeking exposure to the rapidly growing home services sector ‘SUBSCRIBE WITH RISK’ to the Urban Company Ltd IPO, but only with a long-term investment horizon,” stated Anshul Jain in response to a question about whether or not to apply.
Disclaimer: Mint does not endorse the opinions or suggestions expressed above; rather, they are the opinions of individual analysts or brokerage firms. Before making any investment decisions, we encourage investors to consult with qualified professionals.