Urban Company Sets ₹1,900 Crore IPO with Price Band of ₹98-103
Urban Company, an online marketplace for beauty and home care services, has announced its IPO with a total size of ₹1,900 crore. The offering includes ₹472 crore in fresh equity and ₹1,426 crore from existing shareholders. The price band is set at ₹98-103 per share, with a minimum lot size of 145 shares. The company operates in 59 Indian cities, UAE, Singapore, and Saudi Arabia. Shares will be listed on BSE and NSE, with Kotak Mahindra Capital, Morgan Stanley, Goldman Sachs, and JM Financial managing the IPO.
*this image is generated using AI for illustrative purposes only.
Urban Company, a technology-driven online marketplace for beauty and home care services, has announced its initial public offering (IPO) with a ₹1,900 crore issue. The company has set the price band for its shares at ₹98-103, signaling its readiness to enter the public market.
IPO Details
Here are the key details of the offering:
- Total IPO Size: ₹1,900.00 crore
- Fresh Equity Issuance: ₹472.00 crore
- Offer For Sale (OFS): ₹1,426.00 crore from existing shareholders
- Price Band: ₹98-103 per share
- Minimum Lot Size: 145 shares
- Minimum Investment: ₹14,210.00 to ₹14,935.00
- Implied Market Capitalization: ₹14,095.00 crore to ₹14,790.00 crore
Share Allocation
The IPO has a structured allocation for different categories of investors:
| Category | Allocation |
|---|---|
| Qualified Institutional Bidders | 75% |
| Non-Institutional Investors | 15% |
| Retail Individual Investors | 10% |
About Urban Company
Urban Company operates a technology-driven online marketplace that specializes in beauty and home care services. The company has established its presence across:
- 59 cities in India
- United Arab Emirates (UAE)
- Singapore
- Saudi Arabia
This diverse geographical footprint underscores the company's expansion strategy and market penetration efforts.
Listing and Management
Urban Company shares are set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The IPO is being managed by a consortium of reputable financial institutions:
- Kotak Mahindra Capital
- Morgan Stanley
- Goldman Sachs
- JM Financial
These institutions are serving as the book running lead managers for the offering, bringing their expertise to guide the company through the public listing process.
Investor Considerations
Potential investors should note that while the company offers an innovative platform in the growing gig economy and home services sector, it's crucial to carefully review the company's financials, growth strategy, and risk factors before making an investment decision.
The IPO presents an opportunity for investors to participate in the growth story of a company at the intersection of technology and services, catering to the evolving needs of urban consumers across multiple countries.
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