Overview

• By the morning of Sept. 12, the Rs 1,900 crore offer was subscribed 9.48 times overall as the bidding window entered its final day.
• Category split showed retail at 18.67 times, non‑institutional investors at 19.15 times, and qualified institutional buyers at 1.56 times.
• Grey‑market premium rose to roughly Rs 38–43, implying an estimated 38–42% listing gain, though GMP is an informal indicator.
• The issue comprises a fresh raise of about Rs 472 crore and a Rs 1,428 crore offer‑for‑sale at a price band of Rs 98–103 per share with a lot size of 145.
• Urban Company secured about Rs 854 crore from anchor investors earlier this week, while brokerages broadly noted strong demand but cautioned on valuation and the heavy OFS component.