Urban Company IPO GMP Surges 18% Ahead of September 10 Launch; Key Details of Rs. 1,900 Crore Issue

Urban Company IPO will open its bidding window for subscription on September 10th, and just days ahead of its launch, the Urban Company IPO GMP, which is the grey market premium, has jumped by 18.45%, which shows investors' interest in the Rs. 1,900 crore public issue, which will list on both BSE and NSE. The Urban Company IPO has attracted a lot of attention due to the brand's strong presence in the consumer services sector, covering home services, beauty, wellness, repairs, and cleaning.

Urban Company IPO Details

The Urban Co. IPO is a book-built issue worth Rs. 1,900 crore, comprising a fresh issue and an offer for sale (OFS) of 13.86 crore shares.

The IPO is opening next week on September 10 and will remain open till September 12. Investors can exceed the allotment of shares in their DEMAT announced by September 12. According to the data, the urban company IPO is expected to list on both the stock exchanges on September 17, tentatively.

The Urban Company IPO price band is set at Rs. 98 to Rs. 103 per share. The lot size is 145 shares, requiring a minimum retail investment of Rs. 14,935 at the upper price band.

Kotak Mahindra Capital Co. Ltd. is the book-running lead manager (BRLM) of the IPO, while MUFG Intime India Pvt. Ltd. is the registrar.

Urban Company IPO GMP Today

As of 1 PM, the Urban Co. IPO GMP stood at Rs. 19 per share above the IPO issue price band fixed at Rs. 103. This means that investors can enjoy the 18.45% of listing gains, as the estimated listing price is around Rs. 122 per share. However, the trading activity in the grey market will vary once the issue opens for subscription, and actual demand for the IPO will determine the potential listing prices. Market participants are expecting listing gains if current sentiment is sustained.

About Urban Company

Urban Company is a leading technology-driven platform in India that connects consumers with professionals offering a wide range of home and personal services. Founded in 2014 as Urban Clap, it has become one of the largest marketplaces for services such as beauty and wellness treatments, home repairs, cleaning, plumbing, electrical work, appliance repairs, and more. Brokerage reports suggest that the rationalised GST structure and festive demand season could further boost Urban Company's topline performance in FY26, and the IPO could see healthy subscription levels across retail, QIB, and HNI categories.