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6d ago

Urban Company Sets Sept. 10 IPO as Grey Market Signals 18% Premium

Analysts urge subscribe, citing a profit turnaround alongside scale potential.

Urban Company IPO
Urban Company IPO: Brokerages see potential for expansion; what latest GMP signals

Overview

  • The Rs 1,900 crore offering includes a Rs 472 crore fresh issue and a Rs 1,428 crore offer-for-sale by existing shareholders.
  • The price band is Rs 98–103 with bidding from Sept. 10–12, allotment slated for Sept. 15, credit/refunds on Sept. 16, and listing on BSE and NSE on Sept. 17.
  • The grey market premium was about Rs 19–20 on Sept. 5, implying roughly 18–19% listing gains at the top band, though this remains unofficial and speculative.
  • Qualified institutional buyers are reserved 75% of the net offer, NIIs 15% and retail 10%, with Kotak Mahindra, Morgan Stanley India, Goldman Sachs India and JM Financial as lead managers and MUFG Intime India as registrar.
  • FY25 results showed Rs 239.77 crore in net profit on Rs 1,260.68 crore revenue after a FY24 loss, proceeds are planned for technology, cloud infrastructure, marketing and corporate purposes, and NDTV reports Q1FY26 PAT declined year-on-year while revenue rose.