Urban Company’s IPO
Urban Company, which used to be called UrbanClap, is a very successful company in India. It’s a tech startup that helps people find home services
Urban Company IPO GMP made a high of ₹44 on 12th September .
The company was started in 2014 by three people: Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra. They created a platform that connects customers with professionals for different services like home cleaning, beauty treatments, appliance repairs, and more.
After 10 years of growing, Urban Company is now getting ready to offer its shares to the public in an IPO this September.
Growth Journey
From its early days as a platform for connecting service providers, Urban Company has expanded across India , UAE, Australia, Singapore, and the USA.. It now has millions of customers and thousands of trained service partners. Technology, training, and infrastructure have remained investment areas for the company with customer satisfaction and empowering gig workers in mind, driving it to become a frontrunner in the organized home services space.
The business model of fixed-fee service and lead-based system is complimented by cutting-edge technology like artificial intelligence for customized suggestions. Through ongoing innovations, the company went unicorn in 2021 and has since been pursuing profitability.
Details of the IPO
| Details | Description |
|---|---|
| IPO Value | ₹1,900 crore |
| Offer-for-sale | ₹1,471 crore |
| Fresh Issue | ₹429 crore |
| Price Range | ₹98 – ₹103 per share |
| Company Valuation | ₹14,790 crore |
| IPO Opening Date | September 10, 2025 |
| IPO Closing Date | September 12, 2025 |
| Anchor Investor Bidding | September 9, 2025 |
| Allotment Release | September 15, 2025 |
| Listing Date | September 17, 2025 |
| Minimum Retail Lot Size | 145 shares |
| Minimum Retail Investment | ₹14,935 (at upper price range) |
| Allocation for Retail Investors | 10% |
| Allocation for Non-Institutional Investors | 15% |
| Allocation for Institutional Buyers | 75% |
What’s next for Urban Company? ????
Urban Company wishes to be the best home services company not only in India, but in the whole world. They will have some challenges, as other companies want to do the same, but with the fresh money from the IPO, they’re prepared to grow immensely.