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2w ago

Urban Company Sets Rs 98–103 IPO Price Band, Opens Sept. 10 After SEBI Clears 13 Offers

Fresh capital will target technology, leases and marketing, with boAt and Juniper Green next in line under the regulator’s latest clearances.

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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’s Rs 1,900 crore IPO comprises a Rs 472 crore fresh issue and a Rs 1,428 crore offer for sale, with bidding Sept 10–12 and an anchor round on Sept 9.
  • At the top of the price band, the company is valued around Rs 14,789–15,000 crore; investors can bid in lots of 145 shares and the allocation split is 75% QIB, 15% NII, 10% retail.
  • Proceeds are earmarked for about Rs 190 crore in new technology and cloud infrastructure, Rs 75 crore for office leases and Rs 90 crore for marketing, with the balance for general purposes.
  • The company reported FY25 revenue of Rs 1,144.4 crore and a restated profit of Rs 239.76 crore, and market watchers indicated an early grey-market premium of roughly Rs 10 over the top band.
  • SEBI issued observation letters to 13 IPO candidates, including Imagine Marketing (boAt) using the confidential route and targeting a reported Rs 13,000 crore valuation, and Juniper Green Energy planning a fresh raise of about Rs 3,000 crore.