Source: SEBI
Urban Company Limited, India’s tech-enabled home services marketplace, launched its Initial Public Offering (IPO) on September 10, 2025. The IPO is a book-built issue of ₹1,900 crore, comprising:
- Fresh Issue: 4.58 crore shares aggregating to ₹472 crore
- Offer for Sale (OFS): 13.86 crore shares aggregating to ₹1,428 crore
The IPO is priced in the ₹98–₹103 per share band, with a face value of ₹1 per share. Retail investors can apply for a minimum lot of 145 shares (~₹14,935 at the upper price band).
IPO Details
- Total Issue Size: ₹1,900 crore
- Fresh Issue: ₹472 crore
- Offer for Sale (OFS): ₹1,428 crore
- Face Value: ₹1 per share
- Price Band: ₹98 – ₹103 per share
- Lot Size: 145 shares and multiples thereof
- Minimum Investment: ~₹14,935 at upper band
Timeline
- Issue Opening Date: September 10, 2025
- Issue Closing Date: September 12, 2025
- Basis of Allotment: September 15, 2025
- Refunds Initiation: September 16, 2025
- Credit of Shares: September 16, 2025
- Listing Date: September 17, 2025 (BSE & NSE)
IPO Reservation
- QIBs (Qualified Institutional Buyers): Up to 50% of net offer
- Non-Institutional Investors (NIIs/HNIs): At least 15% of net offer
- Retail Investors: At least 35% of net offer
Lead Managers & Registrar
- Book Running Lead Managers (BRLMs):
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Private Limited
- Goldman Sachs (India) Securities Private Limited
- JM Financial Limited
Founded in 2014 as UrbanClap, it connects consumers with trained professionals across key service categories:
- Beauty & Wellness: Salon at home, grooming, spa therapies, bridal packages
- Home Repairs & Maintenance: AC servicing, plumbing, electrical, carpentry, appliance repair
- Cleaning & Pest Control: Deep cleaning, disinfection, kitchen and bathroom services, pest control
The company follows a full-stack model, offering professionals not only customer leads but also training, branded consumables, tools, and insurance support. This ensures standardized quality and reliability, while also building sustainable livelihoods for partners. With a growing presence across Indian metros and international markets, Urban Company leverages technology and data to deliver seamless customer experiences.
Company Financials
- Revenue (FY25): ₹1,260.68 crore
- Revenue (FY24): ₹927.99 crore
- Profit After Tax (FY25): ₹239.77 crore (vs losses in FY24)
- EBITDA Margin: Turned positive in FY25, with improved contribution margins
- Net Worth (FY25): Strengthened following profitability
Objects of the Issue
The company proposes to utilize the net proceeds from the fresh issue towards:
- Investment in technology and product development
- Enhancement of cloud infrastructure
- Brand building and marketing activities
- Lease payments for office premises
- General corporate purposes
Urban Company’s ₹1,900 crore IPO is set to be one of the most closely-watched listings of 2025. With a balanced mix of fresh fundraising and shareholder exits, a robust business model, and a proven demand for organized home services, the offering signals a new chapter for the tech-enabled consumer services sector in India.
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