Urban Company IPO

IPO Details

Bidding Dates

10 Sep '25 - 12 Sep '25

Minimum Investment

₹14,935/ 1 Lot (145 Shares)

Price Range

₹98 to ₹103

Maximum Investment

₹1,94,155/ 13 Lot (1,885 Shares)

Retail Discount

To be announced

Issue Size

₹1,900 Cr

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |

Urban Company IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 10, 25

IPO Closing Date

Sep 12, 25

Basis of Allotment

Sep 15, 25

Initiation of Refunds

Sep 16, 25

IPO Listing Date

Sep 17, 25

Urban Company IPO Details

Urban Company IPO is a book-built issue worth ₹1,900 crore. The issue comprises a fresh issue of 4.58 crore shares, raising up to ₹472.00 crore and an offer for sale of 13.86 crore shares aggregating to ₹1,428.00 crore. The IPO will open for subscription on September 10, 2025, and close on September 12, 2025.

The basis of allotment is expected to be finalised on September 15, 2025, with tentative listing scheduled on BSE and NSE for September 17, 2025. The price band for the Urban Company IPO has been fixed between ₹98 to ₹103 per share.

Investors can bid for Urban Company IPO with a minimum of 1 lot of 145 shares. For retail investors, the minimum investment required is ₹14,935. For small non-institutional investors (sNII), the lot size stands at 14 lots, equal to 2,030 shares, amounting to ₹2,09,090. For big non-institutional investors (bNII), the lot size is 67 lots, which translates to 9,715 shares, requiring an investment of ₹10,00,645.

Kotak Mahindra Capital Co.Ltd, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited and JM Financial Limited are the book running lead manager and MUFG Intime India Pvt. Ltd. is the registrar of the issue. Detailed information is available in the Urban Company IPO RHP.

Urban Company IPO Objectives

The company plans to allocate the net proceeds from the fresh issue portion for the following purposes:

For new technology development and cloud infrastructure
For lease payments for the offices.
Expenditure towards marketing activities
General corporate purposes.

About Urban Company Limited

Incorporated in 2014, Urban Company Ltd UCL is a technology-first, full-stack online marketplace offering high-quality, on-demand services across a wide range of home and beauty categories. As of June 30, 2025, UCL operates in 51 cities across India, the United Arab Emirates (UAE), and Singapore, excluding those covered by its joint venture in the Kingdom of Saudi Arabia (KSA), with 47 of these cities located in India.

Through its digital platform, UCL enables consumers to conveniently book services such as home cleaning, pest control, electrical work, plumbing, carpentry, appliance repair and maintenance, painting, skincare, hair grooming, massage therapy, and on-demand domestic assistance. These services are provided by a network of trained, independently contracted professionals, ensuring flexibility and convenience for customers.

During FY 2023 and 2024, UCL expanded its offerings in the home solutions segment by introducing water purifiers and electronic door locks under its proprietary brand, ‘Native’. Additionally, the company recently introduced ‘InstaHelp’, an on-demand home-help service, which is currently being scaled across select micro-markets in several Indian cities.

UCL is committed to delivering a standardized, high-quality, and dependable service experience. To uphold these standards, the company has built a curated network of background-verified service professionals.

These professionals are supported through a comprehensive ecosystem that includes in-house training, clearly defined standard operating procedures, access to digital tools and resources, branded consumables, third-party financing, insurance coverage, and marketing support.

This holistic enablement strategy not only elevates service quality but also enhances the professionals' skillsets and income opportunities. During the quarter ended June 30, 2025, UCL recorded an average of 54,347 active service professionals per month, defined as individuals who completed at least one service within a given month.

Industry Outlook

The Indian home services market spans a wide array of offerings—from beauty and wellness to home repairs and renovations, with demand patterns largely shaped by household income levels, lifestyle preferences, and the growing need for convenience.
As of FY2025, the market was valued between ₹5,100–5,210 billion (approximately US$60 billion) and is expected to expand at a compound annual growth rate (CAGR) of 10–11% through FY2030P.
The overall beauty and wellness services market in India was estimated at ₹575–600 billion (approximately US$7 billion) in FY2025 and is projected to grow at a 9–10% CAGR through FY2030P.
The growth in beauty and wellness market reflects India’s broader cultural and economic shift toward professionalized self-care and wellness, with digital service platforms playing a key role in making these offerings more accessible and consistent.

How To Apply for the Urban Company IPO Online?

Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Urban Company IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Urban Company IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Urban Company IPO

Unit No. 8, Ground Floor, Rectangle 1, D-4 Saket District Centre, New Delhi 110 017, Delhi, India.

Phone: +91 124 405 8254

E-mail: cs@urbancompany.com

Urban Company IPO Reservation

Application Category	Maximum Bidding Limits	Bidding at Cut-off Price Allowed
Only RII	Up to Rs 2 Lakhs	Yes
Only sNII	Rs 2 Lakhs to Rs 10 Lakhs	No
Only bNII	Rs 10 Lakhs to NII Reservation Portion	No

Urban Company IPO Lot Size Details

Application	Lots	Shares	Amount
Retail (Min)	1	145	₹14,935
Retail (Max)	13	1,885	₹1,94,155
S-HNI (Min)	14	2,030	₹2,09,090
S-HNI (Max)	66	9,570	₹9,85,710
B-HNI (Min)	67	9,715	₹10,00,645

Urban Company IPO Promoter Holding

The promoters of the company are Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan.

Share Holding Pre-Issue	21.09%
Share Holding Post Issue&nbsp	-

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Urban Company IPO

KPI	Value
RONW (%)	13.35
Adjusted EBITDA Margin (%)	0.37
Contribution Margin (%)	19.53

Urban Company IPO Prospectus

Urban Company IPO Registrar and Lead Managers

Urban Company IPO Lead Managers

Kotak Mahindra Capital Co.Ltd.
Morgan Stanley India Company Private Limited
Goldman Sachs (India) Securities Private Limited
JM Financial Limited

Registrar for Urban Company IPO

MUFG Intime India Pvt.Ltd

Contact Number: +91 81 0811 4949

Email Address: urbancompany.ipo@in.mpms.mufg.com

Financial Performance of Urban Company Limited

Financial year	Total Income	Total Expense	Profit After Tax
Revenue from Operation (in ₹ millions)	11,444.65	8,280.18	6,365.97
Profit/loss After Tax (in ₹ million)	2,397.65	(927.72)	(3,124.84)
Adjusted EBITDA (in ₹ million)	120.91	(1,190.12)	(2,976.92)
Adjusted EBITDA Margin (%)	0.37	-4.64	-14.33
Net Worth (in ₹ million)	17,958.21	12,926.41	13,394.62
Annual Transacting Consumers (in million)	6.78	5.75	4.93
Active Service Professional	47,833	46,012	42,523

Know before investing

Strengths

Operates a multi-category, hyperlocal marketplace benefitting from strong network effects across home and beauty services.
Commands high consumer trust with an established and recognisable brand in key markets.
Enhances service quality through in-house training, tool provision, and process standardisation.
Demonstrates strong innovation capabilities with continuous investment in product and service development.
Seeks to grow the consumer base further in both existing and new geographies, building on 14.59 million lifetime transacting users as of June 30, 2025.

Risks

The company has historically incurred net losses and negative operating cash flows, which may continue if revenue growth and cost-efficiency targets are not met.
Failure to consistently deliver satisfactory consumer experiences could materially harm the company’s reputation and business performance.
Intense competition from traditional offline providers and low online penetration may reduce platform demand and service professional sign-ups.
The company’s growth depends heavily on attracting and retaining a large network of service professionals; any decline could reduce platform appeal.
Rapid expansion and scaling challenges may strain operational capabilities, adversely affecting business and financial conditions.