Urban Company Limited is set to launch its Initial Public Offering (IPO) on September 10, 2025, with subscriptions closing on September 12, 2025. The IPO, structured as a Book Built Issue, aims to raise approximately ₹1,900 crore, consisting of a fresh issue worth ₹472 crore and an offer for sale (OFS) of up to 13.86 crore equity shares.
The company has fixed the price band at ₹98–₹103 per equity share with a face value of ₹1 each. Shares are scheduled to list on both BSE and NSE on September 17, 2025, while the allotment date is September 15, 2025.
📊 Urban Company Financials
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FY 2025 Revenue: ₹1,260.68 crore (vs. ₹927.99 crore in FY 2024)
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FY 2025 Profit: ₹239.77 crore (vs. ₹92.77 crore loss in FY 2024)
The sharp turnaround in profitability signals strong growth momentum. Analysts suggest investors consider the IPO for long-term gains, though risks remain around consistent profitability.
💰 IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Open Date | September 10, 2025 |
| IPO Close Date | September 12, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹98–₹103 per share |
| Issue Size | ₹1,900 crore |
| Fresh Issue | ₹472 crore |
| Offer for Sale | 13.86 crore shares |
| Lot Size | 145 shares |
| Listing | BSE & NSE |
| Issue Type | Book Built Issue |
📌 Market Lot and Application Amount
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Retail Minimum: 145 shares (₹14,935)
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Retail Maximum: 1,885 shares (₹1,94,155)
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S-HNI Minimum: 2,030 shares (₹2,09,090)
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B-HNI Minimum: 9,715 shares (₹10,00,645)
Reservation:
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QIB – 75%
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NII – 15%
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Retail – 10%
🔑 Key Highlights & Review
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Strong growth in home & beauty services marketplace with brand recall across metros and Tier-1 cities.
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Backed by top investors including Accel, Tiger Global, Bessemer Venture Partners, and Elevation Capital.
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Attractive price band compared to past tech IPOs.
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90% revenue generated from India, with limited international presence.
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Profitability improved in FY 2025 but still faces uncertainties like dependence on local service providers and sector volatility.
Review Verdict:
Valuations look reasonable, and the price band is attractive. However, considering past volatility of tech IPOs, investors should apply with a neutral-to-cautious stance, focusing on long-term potential.
🎯 Utilization of Proceeds (Fresh Issue)
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Technology & Cloud Development: ₹190 crore (44.2%)
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Lease Payments for Offices: ₹75 crore (15.88%)
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Marketing Activities: ₹90 crore (19.06%)
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General Corporate Purposes: ₹117.1 crore (24.81%)
🏢 About Urban Company
Founded in December 2014 by Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan, Urban Company is India’s largest tech-enabled platform for on-demand home and beauty services.
As of June 30, 2025, the company operates in 51 cities across India, UAE, and Singapore, with additional presence through a Saudi Arabia JV.
The platform enables customers to book services such as cleaning, plumbing, electrical work, appliance repair, beauty, and massage therapy at home. Urban Company also supports service professionals with training, financing, insurance, and digital tools, with an average of 54,347 active professionals per month.
