Urban Company IPO: Accel India 28.5x Return, Elevation Capital 19x Windfall – Listing Soon!
Urban Company’s ₹1,900-crore IPO opens on September 10 with a price band of ₹98–103 per share. Early investors like Accel India and Elevation Capital are set to gain up to 28.5x and 19x returns. Shares expected to list on September 17 with strong grey market buzz.
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The buzz around Urban Company’s IPO is reaching fever pitch as it gears up to open for public subscription on September 10. With investors eager to grab a piece of the action, early private equity backers are already celebrating massive gains — turning modest bets into multi-bagger fortunes.
IPO Details at a Glance
Urban Company, the leading app-based platform for beauty and home services, is launching its ₹1,900-crore IPO, with subscription open from September 10 to 12 and anchor investors placing bids on September 9. The company has set a price band of ₹98–103 per share, implying an upper-end valuation of ₹14,790 crore — a figure that has investors dreaming big.
Early Investors Reap Huge Rewards
Accel India’s stellar run
Accel India IV, one of the earliest backers, holds 14.52 crore shares acquired at an average price of just ₹3.77 each. What started as a ₹55 crore investment is now worth nearly ₹1,500 crore — a jaw-dropping 28.5x return over 10.5 years, translating to a 40% CAGR. It’s the kind of growth story that private equity firms live for.
Elevation Capital’s golden ticket
Formerly known as SAIF Partners, Elevation Capital holds 15.9 crore shares, purchased at ₹5.39 per share. Their original ₹85.7 crore investment has ballooned to ₹1,638 crore, nearly 19 times the initial outlay, delivering an impressive 30% CAGR.
Other investors making waves
Bessemer India Capital Holdings invested ₹68 crore (9.47 crore shares at ₹7.14 each), and now sits on a ₹976 crore stake, a 13x return.
Internet Fund, with 6.08 crore shares at ₹61.65, has seen its stake rise from ₹375 crore to ₹627 crore, a solid 67% gain.
Grey Market Frenzy and Listing Buzz
The excitement is spilling into the grey market, where Urban Company shares are commanding a whopping 35% premium. According to Investorgain, a GMP of ₹35 signals a potential listing gain of nearly 34% — a clear indication that investors are eyeing a strong market debut.
Next Steps
The share allotment is expected to be finalised by September 15, with the shares set to list on the BSE and NSE by September 17. As anticipation builds, the stage is set for what could be one of the most closely watched IPOs of the year.
Urban Company’s journey from a fledgling start-up to a market darling is a testament to its growth story — and for early investors, it’s nothing short of a jackpot. The question now is: Will the public subscription ride the wave of optimism? Time will tell.
