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Urban Co. IPO
Price Band
₹98.0–103.0
Issue Size
₹1900.24 Cr
Lot Size
145 shares
Min Investment
₹14,935
GMP
+₹54.0 (52.43%)
Issue Price
₹103.0
Subject to Sauda
₹6000
Paid only if allotted
Urban Co. IPO AI Summary
- Urban Co. IPO is listed on BSE, NSE in the E-Retail/ E-Commerce sector.
- Price band: ₹98.0–₹103.0 per share, lot size 145 shares (min. investment ₹14,935).
- Subscription window: 10 Sep–12 Sep 2025, listing on 17 Sep 2025.
- Current GMP is +₹54.0 (52.43%), an estimated listing price of ₹157 — unofficial and can change daily.
Urban Co. is an emerging player in the home and beauty services market, backed by a strong technology platform and a growing demand for online services. With an upward trend in revenue and a return to profitability, the IPO presents an opportunity for investors looking at the e-commerce sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Urban Co. IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Sep 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Urban Co. IPO Grey Market Premium (GMP) Today
GMP
+₹54.0
GMP %
+52.43%
Est. Listing
₹157.0
Updated: 25 Jul 2026 14:12
About the Company
Incorporated in December 2014, Urban Company is a technology-driven, full-stack online marketplace offering home and beauty services. The company has presence across 51 cities across India, United Arab Emirates and Singapore, excluding cities served by the company's Kingdom of Saudi Arabia joint venture, as of June 30, 2025. The company's platform enables consumers to book services such as cleaning, plumbing, electrical work, appliance repair, beauty treatments, and massage therapy, delivered by trained, background-verified professionals. The company has also ventured into home solutions with the launch of water purifiers and electronic door locks under its brand ‘Native’. It supports service professionals with training, tools, financing, insurance, and branding, helping improve service quality and earning potential. Urban Company is an online full-stack home and beauty services platform by net transaction value in the nine months ended December 2024. The Indian home services market, valued at USD 59.2 billion in 2024, is projected to reach USD 97.4 billion by 2029, despite online penetration remaining below 1%, indicating strong growth potential. In three months ended June 30, 2025, the company had 54,347 average monthly active service professionals on our platform, i.e., a service professional who has delivered at least one service during a given month. When aggregated across the platform, the company operate in over 12,000 service micro-markets as at June 30, 2025. The company earns revenue through Platform services for consumers; Sales of products to service professionals for use during service delivery; and Sales of the Native products to consumers. Competitive Strength: The multi-category, hyperlocal, home services marketplace benefits from network effects. Established brand trusted by consumers. Improved quality of service professionals through in-house training and access to tools and consumables. Robust technology platform powering service fulfilment, consumer growth and service professional empowerment.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,200.64 | 1,638.65 | 1,631.22 |
| Total Income | 1,260.68 | 927.99 | 726.24 |
| Profit After Tax | 239.77 | -92.77 | -312.48 |
| NET Worth | 1,781.28 | 1,292.64 | 1,339.46 |
| Reserves and Surplus | 2,646.12 | 2,404.69 | 2,402.82 |
Key Ratios
EPS
₹1.72
NAV
₹12.46
RoNW
13.35%
P/B Value
8.27
P/E Ratio
59.71
Market Cap
₹14789.55 Cr
Promoters
Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Expenditure for new technology development and cloud infrastructure 190.00 2 Expenditure for lease payments for the offices 75.00 3 Expenditure towards marketing activities 90.00 4 General Corporate Purposes 90.09 5 Issue Expenses 108.20 Total 553.28
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹726.24 Cr in the year ended 31 Mar 2023, increasing to ₹927.99 Cr by 31 Mar 2024, and further rising to ₹1,260.68 Cr by 31 Mar 2025. This shows a consistent upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was a loss of ₹312.48 Cr in the year ended 31 Mar 2023, improving to a loss of ₹92.77 Cr by 31 Mar 2024. By 31 Mar 2025, the company returned to profitability with a Profit After Tax of ₹239.77 Cr. This indicates a significant turnaround in profitability over the periods.
Valuation
The company has an EPS of ₹1.72, leading to a P/E ratio of 59.71 at the issue price. This is relatively high compared to typical market valuations, indicating that the IPO is priced at a premium.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that investors anticipate higher demand for the shares upon listing.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market position. It is essential to consider the company's financial health and market trends.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, especially considering its previous losses and high P/E ratio.
IPO Timeline, Explained
The IPO opens for subscription on 10 September 2025 and closes on 12 September 2025. Allotment of shares will be done by 15 September 2025, with the listing date set for 17 September 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on market conditions and investor sentiment. While a positive GMP can indicate potential gains, there is always a risk that the stock may not perform as expected on the listing day.
This evaluation is generated from Urban Co.'s own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Urban Co. IPO GMP today?
Urban Co. IPO GMP today is +₹54.0 (52.43%), indicating an estimated listing price of ₹157. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Urban Co. IPO?
The price band of Urban Co. IPO is ₹98.0–₹103.0 per share.
When does Urban Co. IPO open and close?
Urban Co. IPO opens on 10 September 2025 and closes on 12 September 2025.
When does Urban Co. IPO list on the stock exchange?
Urban Co. IPO listed on 17 September 2025 at ₹157.0.
What is the lot size for Urban Co. IPO?
The lot size for Urban Co. IPO is 145 shares, requiring a minimum investment of ₹14,935.
What is the price band for the Urban Co. IPO?
The price band for the Urban Co. IPO is ₹98.0 to ₹103.0.
What is the minimum investment required?
The minimum investment required is ₹14,935.0.
What is the lot size for this IPO?
The lot size for the Urban Co. IPO is 145 shares.
When is the listing date for the IPO?
The listing date for the Urban Co. IPO is 17 September 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the shares may trade on the listing day compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Sep 2025
Close
12 Sep 2025
Allotment
15 Sep 2025
Listing
17 Sep 2025
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