Urban Company IPO to open on September 10, seeks Rs 1,900 crore

Bengaluru: Home services platform Urban Company is set to launch its initial public offering (IPO) next week, in what is among the most closely tracked issues of 2025. Market regulator Sebi cleared the company’s proposal earlier this week, paving the way for the public float.

The IPO, scheduled between September 10 and 12, will comprise a fresh issue of Rs 472 crore and an offer for sale of shares worth Rs 1,428 crore by existing investors. Prominent shareholders participating in the offer for sale include Accel, Bessemer, Elevation Capital, Internet Fund V and VYC11.

Urban Company has fixed a price band of Rs 98-103 per share, with a face value of Re 1 each. At the upper end, the issue size values the Gurugram-based firm at around Rs 15,000 crore. Grey market activity suggests a premium of roughly Rs 10 per share.

The IPO will offer 145 shares per lot, requiring a minimum investment of Rs 14,935 for retail bidders. As per regulatory requirements, 75% of the net offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 10% for retail participants.

Anchor investors will be allocated shares on September 9, ahead of the three-day bidding window. The allotment of shares is expected to be finalised by September 15, with listing on both BSE and NSE slated for September 17. Kotak Mahindra Capital, Morgan Stanley, Goldman Sachs, and JM Financial are the book-running lead managers to the issue, while MUFG Intime India is the registrar.

Founded in 2014 as UrbanClap and rebranded in 2020, Urban Company connects consumers with at-home beauty, repair, and maintenance services. The company operates across India as well as international markets including the UAE, Singapore and Saudi Arabia.