Overview

• Shares opened at ₹162.25 on the NSE versus the ₹103 issue price, hit an intraday high of ₹179, and finished the day roughly 62% above IPO levels.
• The IPO drew 103.63 times overall subscription with QIB demand around 140x, NII at 74x, and retail at 39x, translating to roughly ₹1.13 lakh crore in bids.
• The offer comprised a ₹472 crore fresh issue and a ₹1,428 crore offer for sale, providing partial exits for early investors including Accel, Elevation Capital and Tiger Global.
• Urban Company’s market value hovered around ₹24,000 crore post-listing, outpacing grey-market expectations that had indicated a smaller first-day gain.
• Proceeds from the fresh issue are designated for technology development, cloud infrastructure, office lease payments and marketing, as the company expands its home-services platform across India and select overseas markets.