Urban Company lists at 58% premium in stock market debut

Home services marketplace Urban Company made a strong stock market debut today, listing at Rs 162.25 per share on the NSE, a 57.5% premium over its issue price of Rs 103. On the BSE, the stock opened at Rs 161.

Urban Company’s IPO was open for subscription from September 10 to 12, 2025, with a price band of Rs 98–103 and a minimum investment of Rs 14,935. 

The Rs 1,900 crore IPO was comprised with a fresh issue of shares worth Rs 429 crore and an offer for sale (OFS) of Rs 1,471 crore. According to exchange data, Urban Company’s IPO was oversubscribed 108.98 times, with the retail portion at 41.49x, QIBs (ex-anchors) at 147.35x, and NIIs at 77.82x.

During the process of the Initial public offering (IPO), the Gurugram-based company secured Rs 854 crore from anchor investors.

According to the company, net proceeds from the fresh issue will be used for technology and cloud infrastructure (Rs 190 crore), lease payments (Rs 75 crore), marketing activities (Rs 90 crore), and other general corporate purposes.

Urban Company’s share touched its high of Rs 179 per share in the morning and (as of 11:10 AM) is currently trading at Rs 168.3 with the total market capitalization of Rs 24,169.1 crore (around $2.7 billion)

For the fiscal year ending March 2025, the home service company reported a 38% surge in its operating revenue to Rs 1,144 crore. It also posted a profit before tax (PBT) of Rs 28.5 crore during the same period.