Urban Company's Rs 1,900 Crore IPO Soars with 35% Premium

Urban Company, India's leading tech-enabled home services marketplace, is set to open its highly anticipated Rs 1,900 crore IPO today. The issue, priced at Rs 98-103 per share, comprises a fresh issue of Rs 472 crore and an offer-for-sale of Rs 1,428 crore by existing investors. The IPO is scheduled to close on September 12, with the company's shares expected to list on the BSE and NSE on September 17.

Interestingly, the grey market premium (GMP) for the IPO is around Rs 35, indicating a premium of 35% over the issue price. This strong demand reflects the market's confidence in Urban Company's growth potential. Founded in 2014, the company has emerged as the largest player in India's tech-enabled home services sector, connecting customers with trained professionals across categories like cleaning, beauty, appliance repair, and more.

In the fiscal year 2025, Urban Company reported a revenue of Rs 1,144.5 crore, a growth of 38% year-on-year. Notably, the company also turned profitable during this period, posting a net profit of Rs 240 crore, aided by a deferred tax credit of Rs 211 crore. This profitability milestone, coupled with the company's strong brand recall and trusted platform, positions Urban Company for continued success in the rapidly growing home services market.