Urban Company’s Initial Public Offering (IPO) will open from Wednesday. It is India’s largest home and beauty service platform. This IPO is the first public offer in the stock market. People will be able to invest in it till 12 September. Its shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 17 September.
The company will raise Rs 1900 crore from this offer. Out of this, Rs 472 crore will be given directly to the company. The remaining Rs 1428 crore will go to the old investors which is called Offer for Sale (OFS).The company has kept the price of one share at Rs 98 to Rs 103. Any investor can apply only by buying at least 145 shares.
The share price has increased in the unlisted market even before the IPO opens. Here one share is getting 28 rupees more expensive which is known Grey Market Premium (GMP). This means that investors can get a profit of about 28 percent on the day of listing.
Urban Company was earlier known as UrbanClap. This company delivers services to the home. Customers can avail services like cleaning, haircut, facial, plumbing and electrician from here.
“Since its inception in November 2014, UCL has completed over 97.45 million service orders in India, establishing a robust base for future growth. The Company’s scalable platform and integrated technology stack enable seamless expansion into new cities and service categories,” said an analyst.
The mobile app-based beauty and home services platform trains its professionals. It helps them with tools, technology and branding. This increases the quality of work. Currently more than 48000 professionals are associated with it. According to the report, their earnings are 30 to 40 percent more than ordinary workers.
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Financial performance has also improved. In the financial year 2025, the company’s income was Rs 1144 crore. This is 38 percent more than last year. Last year the company had a loss of Rs 93 crore. This time it made a profit of Rs 240 crore. About 26 percent of the company’s income comes from selling products. That is, it not only provides services but also earns by selling goods.
The result of the IPO can come by 13 or 15 September. The official registrar is MUFG Intime India Pvt. Ltd. Kotak Mahindra Capital, Morgan Stanley, Goldman Sachs and JM Financial are managing the issue. Most of Urban Company’s revenue comes from India. But it is also working abroad. It also has customers in countries like UAE, Saudi Arabia and Singapore.
Both the name and business of the company are growing rapidly. The enthusiasm of investors about this IPO is clearly visible from the grey market premium and strong results.
