The Urban Company IPO will open for subscription on September 10, 2025 and close on September 12, 2025. This is a Book Built Issue, through which the company aims to raise approximately ₹1,900 crores. The offer comprises a fresh issue worth ₹472 crores and an offer for sale of up to 13,86,40,776 equity shares with a face value of ₹1 each.
The price band for the IPO has been fixed at ₹98 to ₹103 per share. The quota allocation is 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The shares are proposed to be listed on both BSE and NSE on September 17, 2025, with allotment expected on September 15, 2025.
Financially, Urban Company reported a revenue of ₹1,260.68 crores in FY2025, up from ₹927.99 crores in FY2024. The company also turned profitable, posting a net profit of ₹239.77 crores in FY2025 against a loss of ₹92.77 crores in FY2024.
Urban Company IPO Details
| IPO Open Date | September 10, 2025 |
| IPO Close Date | September 12, 2025 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹98 to ₹103 Per Share |
| Issue Size | Approx ₹1900 Crores |
| Fresh Issue | Approx ₹472 Crores |
| Offer for Sale | Approx 13,86,40,776 Equity Shares |
| Lot Size | 145 Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
Urban Company IPO Review & Key Highlights
Review
Based on the available data, valuations appear reasonable and the price band is attractive. However, despite strong revenue growth in the last quarter, profitability remains a key risk. Investors may consider applying with a neutral view.
Key Points
- Market Position: Urban Company is one of the largest tech-enabled home and beauty services marketplaces in India, with strong brand recall.
- Industry Opportunity: Demand for organized home services is rising in urban and semi-urban India, providing significant long-term growth potential.
- Investor Backing: The company is backed by reputed investors including Accel, Bessemer Venture Partners, Tiger Global, and Elevation Capital.
- Pricing: The IPO’s price band of ₹98–₹103 per share looks attractive compared to some previous tech IPOs.
- Business Model Risk: Urban Company relies heavily on local service providers, salons, and other aggregators. While the sector shows growth, it still carries uncertainty.
- Offer Structure: A major portion of the IPO—about ₹1,428 crore—is an Offer for Sale (OFS), while only ₹472 crore is a fresh issue. This means most of the proceeds will go to existing investors rather than to the company.
- Listing Volatility: Given the volatility observed in past tech IPO listings, investors should exercise caution and review carefully.
- Revenue Mix: Nearly 90% of revenues come from India, primarily metros and tier-1 cities. International operations are still at an early stage.
Urban Company IPO Market Lot
The Urban Company IPO minimum market lot is 145 shares with ₹14,935 application amount. The retail investors can apply up to 13 lots with 1,885 shares of ₹1,94,155 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 145 | ₹14,935 |
| Retail Maximum | 13 | 1,885 | ₹1,94,155 |
| S-HNI Minimum | 14 | 2,030 | ₹2,09,090 |
| B-HNI Minimum | 67 | 9,715 | ₹10,00,645 |
IPO Reservation
| Investor Category | Share Offered | % Shares |
| QIB Shares Offered | 13,81,67,476 Shares | 74.90% |
| Anchor Investor | 8,29,00,485 Shares | 44.94% |
| QIB (Ex. Anchor) | 5,52,66,991 Shares | 29.96% |
| NII Shares Offered | 2,76,33,495 Shares | 14.98% |
| bNII > ₹10L | 1,84,22,330 Shares | 9.99% |
| sNII < ₹10L | 92,11,165 Shares | 4.99% |
| Retail Shares Offered | 1,84,22,330 Shares | 9.99% |
| Employee Shares Offered | 2,42,718 Shares | 0.13% |
| Total Shares Offered | 18,44,66,019 Shares | 100% |
Urban Company IPO Dates
The Urban Company IPO date is September 10 and the close date is September 12. The Urban Company IPO allotment will be finalized on September 15 and the IPO listing on September 17.
| IPO Open Date: | September 10, 2025 |
| IPO Close Date: | September 12, 2025 |
| Basis of Allotment: | September 15, 2025 |
| Refunds: | September 16, 2025 |
| Credit to Demat Account: | September 16, 2025 |
| IPO Listing Date: | September 17, 2025 |
| IPO Bidding Cut-off Time: | September 12, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,39,00,53,450 | 21.09% |
| Promoter Holding Post Issue | 1,43,58,78,692 | 20.42% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores | % |
| Expenditure for new technology development and cloud infrastructure | 190 | 44.2% |
| Expenditure for lease payments for the offices | 75 | 15.88% |
| Expenditure towards marketing activities | 90 | 19.06% |
| General corporate purposes | 117.1 | 24.81% |
