Overview

• Investors can bid between September 10 and 12 in a Rs 98–103 price band, with a 145-share minimum retail lot and listing planned for September 17 on the BSE and NSE.
• The offer totals Rs 1,900 crore, split between a Rs 472 crore fresh issue and a Rs 1,428 crore offer-for-sale by early backers including Accel, Elevation Capital, Bessemer India and Internet Fund V.
• Unofficial grey market quotes near Rs 19 suggest roughly 18% implied listing gains, though these signals are speculative and can change quickly.
• Proceeds from the fresh issue are earmarked for technology development, cloud infrastructure, marketing, office leases and general corporate purposes.
• Urban Company reported FY25 net profit of Rs 239.77 crore on revenue of Rs 1,260.68 crore, and brokerages cite expansion potential and improving profitability in recommending subscriptions.