Urban Company IPO GMP Rises 33% Ahead of Subscription

Urban Company, India's leading tech-enabled home services platform, is set to launch its Initial Public Offering (IPO) on Wednesday, September 10, 2025, aiming to raise ₹1,900 crore. The IPO has already opened for early subscription on 9 September 2025 for investors who want to apply in advance. 

In the grey market, Urban Company’s IPO GMP continues to rise steadily. As of September 9, 01:33 PM, the shares are trading at a premium of ₹34 over the upper price band, indicating strong investor interest and potential listing gains of around 33.01%. The estimated profit per lot is ₹4,930. 

Source:  InvestorGain Report dated 9 September 2025

The IPO comprises a fresh issue of ₹472 crore and an offer for sale (OFS) of ₹1,428 crore by existing shareholders. The price band has been fixed at ₹98 to ₹103 per share, with a minimum application size of 145 shares, translating to an investment of approximately ₹14,935 for retail investors. 

Book-running lead managers for the IPO are Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited, and JM Financial Limited. MUFG Intime India Private Limited is the registrar for the issue. 

The IPO proceeds will be used to fund the capital expenditure towards new technology development and cloud infrastructure, office lease payments, marketing activities, and general corporate purposes. 

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