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3d ago

Urban Company Sets Price Band for Rs 1,900-Crore IPO as SEBI Clears 13 Listings

A fresh wave of SEBI approvals has reopened India’s IPO window with Urban Company leading the lineup.

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A barber at work for Urban Company. The Urban Company IPO will open for bids on 10 September for at least three days, with an anchor placement on 9 September.
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Overview

  • Urban Company will open subscriptions on Sept 10–12 with a price band of Rs 98–103 per share, an anchor book on Sept 9 and a tentative listing on Sept 17.
  • The offer totals Rs 1,900 crore, including a Rs 472 crore fresh issue and a Rs 1,428 crore offer for sale, with proceeds earmarked for technology, office leases, marketing and general purposes.
  • Existing backers Accel, Elevation Capital, Bessemer, Tiger Global and VY Capital will sell shares via the offer for sale, while founders are not offering shares.
  • SEBI issued observation letters to 13 IPO candidates, including Imagine Marketing (boAt parent) and Juniper Green Energy, with market estimates pointing to more than Rs 15,000–16,000 crore in potential fundraising.
  • Separately, UKB Electronics filed a DRHP for an Rs 800 crore IPO split evenly between fresh shares and an offer for sale, with funds planned for debt repayment and plant and machinery.