Urban Company IPO: Shares List at Nearly 60% Premium, What Investors Should Know
Urban Company shares debut at nearly 60% premium on Dalal Street after a record 103x oversubscribed IPO. Analysts suggest profit booking and long-term hold.
Urban Company made a blockbuster debut on Dalal Street, listing at nearly 60% premium after its ₹1,900 crore IPO saw record 103x subscription.
As India’s largest tech-enabled home services marketplace, Urban Company had a stellar debut on Dalal Street with shares listing at a huge premium on Wednesday.
The shares opened at Rs. 162.25 on the NSE, 57.5% above the issue price of Rs. 103. On the BSE, it was listed at Rs. 161 (up 56.3%) and zoomed up to Rs. 179, almost 74% up, putting the market cap of the company at Rs 24,216 crore.
📈 Record-Breaking Subscription
- Urban Company’s ₹1,900-crore IPO, priced between ₹98–103 per share, saw overwhelming demand with subscriptions crossing 103 times — the highest in India this year.
- QIBs (Qualified Institutional Buyers): 147x subscription
- Non-Institutional Investors: 77x subscription
- Retail Investors: 41x subscription
- A strong grey market premium (GMP) of ₹52 per share had already indicated a powerful debut, with expectations of listing around ₹155.
💡 What Analysts Are Saying
Experts view the listing as a validation of Urban Company’s growth potential in the home services sector.
Prashanth Tapse, Senior VP (Research), Mehta Equities:
“The strong listing was above expectations. Despite high valuations, Urban Company offers a compelling long-term structural story, serving as a proxy for rising demand in the home services segment.”
Analysts advise investors who received allotments to book partial profits while holding the rest for long-term gains, with a stop-loss at ₹120. For non-allottees, experts suggest a ‘Wait and Watch’ strategy to enter on potential dips.
🏠 About Urban Company
Founded in 2014, Urban Company has emerged as the market leader in home services, offering a wide portfolio ranging from beauty and wellness to appliance repairs, deep cleaning, and home maintenance. Its successful IPO debut highlights both investor trust and the sector’s strong growth outlook.
