Overview

• The Rs 1,900 crore offer drew about 30 times overall bids by early afternoon on the final day, reflecting intense retail and non-institutional participation, according to exchange data.
• Retail subscriptions were reported near 29.4 times and non-institutional bids around 51.8 times, while the institutional book was about 19 times at the same checkpoint.
• Grey‑market quotes around Rs 43–45 suggested an implied 38–44% premium to the Rs 103 upper band, though these indications are unofficial and can change quickly.
• The issue comprised a Rs 472 crore fresh issue and a Rs 1,428 crore offer‑for‑sale, with stated uses including technology development, cloud infrastructure, lease payments and marketing.
• Ahead of the offer, Urban Company raised roughly Rs 854 crore from anchor investors; the IPO was priced in a Rs 98–103 band with a minimum lot of 145 shares.