Urban Company IPO Sees Massive 103.63 Times Oversubscription
Urban Company's ₹1,900-crore IPO was oversubscribed 103.63 times, with strong demand across all investor categories. QIBs oversubscribed 140.20 times, NIIs 74.04 times, and retail investors 39.25 times. The IPO includes a fresh issue of ₹472 crore and an offer-for-sale of ₹1,428 crore. Share allotment is set for September 15, with listing on NSE and BSE scheduled for September 17. Urban Company operates in 51 cities across India, UAE, and Singapore, offering various home services.
*this image is generated using AI for illustrative purposes only.
Urban Company, the technology-driven online services marketplace, has witnessed an overwhelming response to its Initial Public Offering (IPO), with the issue being oversubscribed 103.63 times. The ₹1,900-crore IPO, which concluded its subscription period from September 10-12, saw bids for over 1,106.46 crore shares against the 10.67 crore shares on offer.
Strong Demand Across Investor Categories
The IPO garnered significant interest across all investor categories:
- Qualified Institutional Buyers (QIBs): 140.20 times oversubscribed
- Non-Institutional Investors (NIIs): 74.04 times oversubscribed
- Retail Individual Investors: 39.25 times oversubscribed
This robust demand indicates strong investor confidence in Urban Company's business model and growth prospects.
IPO Structure and Upcoming Dates
The ₹1,900-crore IPO comprises:
- Fresh issue of shares: ₹472 crore
- Offer-for-sale: ₹1,428 crore
Key dates for investors to note:
- Share allotment finalization: September 15
- Transfer of shares to Demat accounts: September 16
- Listing on NSE and BSE: September 17
About Urban Company
Urban Company operates a technology-driven online services marketplace across 51 cities in India, UAE, and Singapore. The platform offers a wide range of home services, including:
- Cleaning
- Pest control
- Electrician services
- Plumbing
- Other home-related services
The strong investor interest in Urban Company's IPO reflects the growing demand for organized home services in the markets it serves. As the company prepares for its stock market debut, all eyes will be on its performance post-listing.
Investors and market watchers will be keenly observing how Urban Company utilizes the funds raised from this IPO to fuel its growth and expansion plans in the competitive home services sector.
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