- The IPO price band is set at ₹98-103 apiece
- Bid /Offer will close on Friday, September 12, 2025
- The anchor investor bid period shall be one working day before the issue opening date, i.e. Tuesday, September 9, 2025.
- The lot size is set at 145 shares or multiples thereof
- A discount of ₹9 per equity share is being offered to eligible employees bidding in the employee reservation portion
NE BUSINESS BUREAU
AHMEDABAD, SEPT 4
Urban Company Limited, the mobile app-based beauty and home services platform, on Thursday announced it is set to launch the initial public offering (IPO) on Wednesday, September 10, 2025, to raise ₹1,900 crore.
The mainline offering comprises a fresh issue of 45.8 million shares aggregating to ₹472 crore and an offer for sale (OFS) of 138.6 million shares aggregating to ₹1,428 crore. Accel India IV (Mauritius), Bessemer India Capital Holdings II, Elevation Capital V, Internet Fund V, and VYC11 are the selling shareholders.
It has set the price band for its IPO in the range of ₹98 to ₹103 per equity share. The minimum lot size for an application is 145 shares.
According to the RHP, the three-day subscription window will tentatively close on Friday, September 12, 2025. The anchor investor bid period shall be one working day before the issue opening date, i.e. Tuesday, September 9, 2025.
A discount of ₹9 per equity share is being offered to eligible employees bidding in the employee reservation portion
Urban Company plans to allocate ₹ 190 crore from the fresh issue proceeds for new technology and cloud infrastructure. Additionally, ₹ 75 crore is earmarked for lease payments, and ₹90 crore for marketing activities. The remaining funds are for general corporate purposes. Urban Company, originally Urbanclap Technologies, has been operational since December 2014, with a presence in 51 cities across India, the UAE, and Singapore.
75% of the issue size has been reserved for qualified institutional buyers, 15% for non-institutional investors and the remaining 10% for retail investors.
The platform offers services such as cleaning, pest control, skincare, massage, appliance repair, handyman services, on-demand home help, painting, and wall décor. It has also entered the home solutions market with water purifiers and electronic door locks under the brand ‘Native’. As of June 30, 2025, the platform hosted an average of 54,347 active monthly service professionals.
Financially, Urban Company reported revenue of ₹ 367.26 crore for the three-month period ending June 30, 2025, with a profit after tax (PAT) of ₹ 6.93 crore. For the full financial year 2024-25, revenue was ₹ 1,144.46 crore, a 38% increase from ₹ 828 crore in the previous year. The PAT was ₹ 239.76 crore in FY25, a turnaround from a loss of ₹ 92.77 crore in FY24.
The shares will be listed on both the exchanges, the National Stock Exchange and BSE, tentatively on Wednesday, September 17, 2025.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited and JM Financial Limited are the Book Running Lead Managers to the issue.
