Urban Company Makes Bumper Debut, Lists At 56% Premium

Urban Company Shares Slip Over 6% After Q2 Results

SUMMARY

Shares of Urban Company made a bumper debut on the bourses today, listing 56.3% above their issue price at INR 161 apiece on the BSE

On the NSE, the stock got listed at INR 162.25 per share, a premium of 57.5% over the issue price of INR 103

Urban Company’s IPO closed with an oversubscription of 103.63X, with investors bidding for 1,106.45 Cr shares against the 10.67 Cr shares on offer

Update | 16:35

After a blockbuster debut, shares of Urban Company closed their first trading session at INR 167.05 on the BSE. This was 62.2% above the issue price and 3.8% higher than the listing price.

The stock soared to INR 179 during the session, up 73.8% from the issue price of INR 103.

On the NSE, the stock closed at INR 169.

Original | 10:10

Shares of home services unicorn Urban Company made a bumper debut on the bourses today (September 17), listing 56.3% above their issue price at INR 161 apiece on the BSE.

On the NSE, the stock got listed at INR 162.25 per share, a premium of 57.5% over the issue price of INR 103.

Urban Company’s IPO closed with an oversubscription of 103.63X, with investors bidding for 1,106.45 Cr shares against the 10.67 Cr shares on offer.

The IPO comprised a fresh issue of INR 472 Cr and an offer-for-sale (OFS) element of INR 1,428 Cr. Accel, Elevation Capital, Tiger Global were among the investors who offloaded shares via the OFS, raking in up to 27X gain.

At 10:02, shares of Urban Company were trading at INR 175.35 apiece, up 70.2% over the issue price on the BSE. Its market capitalisation stood at INR 25,049.31 Cr ($2.85 Bn).

Founded in 2014, Urban Company initially operated as a full-stack online marketplace connecting service professionals with consumers. In 2023, the company also forayed into the consumer electronics segment by launching its ‘Native’ line of products such as water purifiers and smart doors.

Earlier this year, it also launched Revamp which allows users to book one-day micro home makeovers. The service is currently available in Mumbai, Delhi NCR, Bengaluru, and Hyderabad.

Prior to that in March, Urban Company launched Insta Help for users to get domestic help services at home.

On the financial front, the Gurugram-based company reported a net profit of INR 239.7 Cr in FY25 as against a loss of INR 92.7 Cr in FY24. Its operating revenue jumped 38.2% to INR 1,144.4 Cr from INR 828 Cr in FY24.

Its profit slipped 45% to INR 6.9 Cr in Q1 FY26 from INR 12.6 Cr in the year-ago quarter. Operating revenue grew 24% to INR 367.3 Cr from INR 280.1 Cr in Q1 FY25.

With the listing, Urban Company joined Smartworks, ArisInfra, BlueStone, IndiQube and Ather Energy, DevX in the list of new-age tech companies which made their public market debut this year.

Coworking space provider DevX shares also made their public market debut today, listing at INR 61.30 on the BSE against the issue price of INR 61.