Urban Company Makes a Strong Market Debut with Nearly 60% Listing Gains

On September 17, 2025, Urban Company made a remarkable entry into the stock market on Wednesday, listing at ₹162.25 per share on NSE, well above its issue price of ₹103. Urban Company shares were listed at ₹161 on the BSE. This translates to an impressive gain of nearly 60% on debut, offering substantial returns to early investors.

Urban Company IPO Details

Urban Company had set the price band for its initial public offering (IPO) at ₹98–103 per share, placing its valuation at approximately ₹14,790 crore at the upper end. Prior to the public issue, Urban Company raised ₹854 crore through anchor investors, attracting interest from major institutional players such as SBI Funds, Monetary Authority of Singapore, HDFC Mutual Fund, Fidelity Securities, Nomura, ICICI Prudential Life, SBI Life, Citigroup, and Goldman Sachs.

The IPO comprised a fresh issue of ₹472 crore and an offer for sale (OFS) worth ₹1,428 crore by existing shareholders. Key investors who offloaded partial stakes in the OFS include Accel India, Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd, and VYC11 Ltd. The listing has enabled partial exits for early backers like Accel, Elevation, and Tiger Global.

According to the company’s prospectus, the capital raised from the fresh issue will be used to boost marketing efforts and fund technology upgrades, supporting Urban Company’s continued growth and innovation.

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About Urban Company

Urban Company is a leading technology-enabled, full-stack services marketplace that connects consumers with trained professionals for a wide range of home and personal services. Operating across 51 cities in India, the UAE, and Singapore, the company also serves Saudi Arabia through a strategic joint venture.

The platform allows users to conveniently book services such as home cleaning, pest control, plumbing, electrical repairs, carpentry, appliance servicing, painting, skincare, grooming, massage therapy, and more. By leveraging technology and focusing on quality, Urban Company delivers reliable and efficient services through a network of verified, independent service partners.

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