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Urban Company IPO is a bookbuilt issue of ₹1900.00 crore. It combines a fresh issue of 4.58 crore shares aggregating to ₹472.00 crore and an offer for sale of 13.86 crore shares aggregating to ₹1,428.00 crore.
The IPO opens for subscription on September 10, 2025, and closes on September 12, 2025. The allotment is expected to be finalized on Monday, September 15, 2025. The price band for the IPO is set at ₹98 to ₹103 per share, and the minimum lot size for an application is 145 shares.
Company Summary
Incorporated in December 2014, Urban Company is a technology-driven, full-stack online marketplace offering home and beauty services.
The company has presence across 51 cities across India, the United Arab Emirates, and Singapore, excluding cities served by the company’s Kingdom of Saudi Arabia joint venture, as of June 30, 2025.
The company’s platform enables consumers to book services such as cleaning, plumbing, electrical work, appliance repair, beauty treatments, and massage therapy, delivered by trained, background-verified professionals.
The company has also ventured into home solutions with the launch of water purifiers and electronic door locks under its brand ‘Native’. It supports service professionals with training, tools, financing, insurance, and branding, helping improve service quality and earning potential.
Urban Company is an online full-stack home and beauty services platform by net transaction value in the nine months ended December 2024. The Indian home services market, valued at USD 59.2 billion in 2024, is projected to reach USD 97.4 billion by 2029, despite online penetration remaining below 1%, indicating strong growth potential.
In the three months ended June 30, 2025, the company had 54,347 average monthly active service professionals on our platform, i.e., a service professional who has delivered at least one service during a given month.
When aggregated across the platform, the company operates in over 12,000 service micro-markets as of June 30, 2025.
The company earns revenue through:
- Platform services for consumers;
- Sales of products to service professionals for use during service delivery; and
- Sales of the Native products to consumers.
Company Strengths
- The multi-category, hyperlocal, home services marketplace benefits from network effects.
- Established brand trusted by consumers.
- Improved the quality of service professionals through in-house training and access to tools and consumables.
- Robust technology platform powering service fulfilment, consumer growth and service professional empowerment.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,200.64 | 1,638.65 | 1,631.22 |
| Revenue | 1,260.68 | 927.99 | 726.24 |
| Profit After Tax | 239.77 | -92.77 | -312.48 |
| Net Worth | 1,781.28 | 1,292.64 | 1,339.46 |
| Reserves and Surplus | 2,646.12 | 2,404.69 | 2,402.82 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Expenditure for new technology development and cloud infrastructure
- Expenditure for lease payments for the offices
- Expenditure towards marketing activities
- General corporate purposes
Promoters of the Company
The promoters of the company are Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan.
IPO Details
| IPO Date | September 10, 2025 to September 12, 2025 |
| Listing Date | September 3, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹98 to ₹103 per share |
| Lot size | 145 shares |
| Total Issue size | 18,44,66,018 shares (aggregating upto ₹1,900.00 Cr ) |
| Fresh Issue | 4,5825,242 shares (aggregating upto ₹472.00 Cr ) |
| Offer for Sale | 13,86,40,776 shares of ₹1 (aggregating upto ₹1,428.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 1,39,00,53,450 shares |
| Share Holding Post Issue | 1,43,58,78,692 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 145 | ₹14,935.00 |
| Retail (Max) | 13 | 1,885 | ₹1,94,155.00 |
| S-HNI (Min) | 14 | 2,030 | ₹2,09,090.00 |
| S-HNI (Max) | 66 | 9,570 | ₹9,85,710.00 |
| B-HNI (Min) | 67 | 9,715 | ₹10,00,645.00 |
Allotment Schedule
| Basis of Allotment | Mon, 15 Sep, 2025 |
| Initiation of Refunds | Tue, 16 Sep, 2025 |
| Credit of Shares to Demat | Tue, 16 Sep, 2025 |
| Tentative Listing Date | Wed, 17 Sep, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
To check allotment, click here
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