Overview

• Shares listed at ₹162.25 on the NSE and ₹161 on the BSE versus a ₹103 issue price, hit an intraday ₹179 (~74% above IPO), closed day one at ₹169 (+64%), and added roughly 4% over two sessions with trades reported around ₹174–₹181.
• The debut implied a market capitalisation of about ₹24,200–₹24,300 crore, roughly $3 billion by exchange calculations.
• The ₹1,900 crore offering comprised a ₹472 crore fresh issue and a ₹1,428 crore offer-for-sale, with proceeds earmarked for technology and cloud infrastructure, office leases, marketing and general corporate purposes.
• Investor demand was overwhelming at roughly 103–109 times overall, led by QIB subscriptions of about 140–147 times, with NIIs around 74–78 times and retail near 39–41 times; anchors contributed about ₹854 crore from global and domestic institutions.
• Urban Company operates across 51 Indian cities with presence in the UAE and Singapore, and analysts largely advise allotted investors to hold for the long term while cautioning that rich valuations make sustained expansion and service quality key tests.