Overview

• Allotment is being finalized on September 15, with shares scheduled to list on the BSE and NSE on September 17.
• The offering drew exceptional interest with overall subscriptions reported around 103–109 times, including 147.35x by QIBs, 77.82x by NIIs and 41.49x by retail.
• Unofficial grey‑market quotes near Rs 65–68.5 imply an estimated listing range of roughly Rs 168–171.5 per share, though such indicators are not official.
• The IPO totals Rs 1,900 crore within a Rs 98–103 price band, combining a Rs 472 crore fresh issue and a Rs 1,428 crore offer‑for‑sale, with a QIB‑heavy allocation.
• Urban Company reported a FY25 profit helped by a Rs 211 crore tax credit as revenue rose to about Rs 1,144.5 crore, and analysts caution that execution, competition and gig‑worker retention remain key risks.