Latest news about Urban Company
Urban Company
132.75
-4.22(-3.08%)
Company Performance:
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1M+7.43%
6M-2.15%
1Y-20.43%
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More news about Urban Company
02Jun 26
Urban Company's Saudi Arabia Subsidiary Ceases Operations After Commercial Registration Cancellation
Urban Company's Saudi Arabia subsidiary has ceased operations following the cancellation of its commercial registration in the kingdom. The move marks the formal conclusion of the company's business presence in the Saudi Arabian market. No additional financial figures or specific timelines were provided alongside the disclosure.
29May 26
Urban Company GST proceedings dropped with no demand
Urban Company received an order dated May 28, 2026, from the Commercial Tax Officer, Guindy, dropping GST proceedings under Section 73 of SGST Act, 2017. The order confirms no short payment of GST liability or ineligible ITC, nullifying a potential demand of ₹8,70,03,806. There is no financial or operational impact on the company.
22May 26
Urban Company Schedules Investor Meets on May 21, 25
Urban Company has informed the exchanges about its schedule for analysts' and investors' meetings scheduled for May 21 and May 25, 2026. The company will hold one-on-one meetings with Discovery Capital, Bellwether Capital Private Limited, Centrum Advisory, JM Financial Limited, and Sixteenth Street Capital in Gurugram and via virtual mode. The company confirmed that no unpublished price sensitive information will be shared during these interactions.
19May 26
Goldman Sachs Maintains Neutral Rating on Urban Company with Target Price of ₹140
Goldman Sachs has maintained a Neutral rating on Urban Company with a target price of ₹140. The brokerage cites strong growth in the core services business and improving profitability, with one-third of the portfolio at an 8% EBITDA margin. InstaHelp is scaling rapidly, though near-term profitability pressure persists. Steady long-term margin expansion is anticipated across both domestic and international businesses.
15May 26
Urban Company Receives Stamp Duty Order of Rs. 23,90,741/- and Penalty of Rs. 25,00,000/- from Collector of Stamp, Government of NCT of Delhi
Urban Company Limited received an order on May 14, 2026 from the Collector of Stamp, Government of NCT of Delhi, imposing a stamp duty liability of Rs. 23,90,741/- and a penalty of Rs. 25,00,000/- under Sections 33, 38 and 40 of the Indian Stamp Act, 1899, pertaining to the issuance of dematerialised shares during the year 2025. The Company has stated it had duly paid stamp duty through the Central Government-prescribed depository mechanism under Section 9A(1) read with Article 56A of Schedule I of the Indian Stamp Act, 1899. Urban Company had already filed a writ petition before the Hon'ble High Court of Delhi on this issue, with proceedings currently under judicial consideration. The Company has confirmed that the order will have no material impact on its financial, operational, or other activities.
12May 26
Urban Company Schedules Analyst and Investor Meetings with UBS, Goldman Sachs, and Macquarie in May 2026
Urban Company Limited has disclosed its analyst and investor meeting schedule under SEBI Regulation 30, covering three engagements from May 14 to May 19, 2026. These include a virtual one-on-one meeting with UBS Group on May 14, followed by group meetings at the Goldman Sachs Asia Communacopia + Technology Conference and the Macquarie Asia Conference 2026, both in Hong Kong. The company has confirmed that no unpublished price-sensitive information will be shared at any of these meetings, and the schedule remains subject to change.
10May 26
Urban Company Posts 42% NTV Growth in Q4 FY26; FY26 Net Loss at ₹234.81 Crore
Urban Company reported Q4 FY26 NTV growth of 42% YoY to ₹1,148 Cr and first-ever 10 million+ orders in a quarter. For FY26, consolidated revenue from operations rose to ₹1,555.54 crore while net loss stood at ₹234.81 crore. The audited results were published in Financial Express and Jansatta on May 09, 2026, per SEBI Regulations 30 and 47.
09May 26
Urban Company Appoints M/s. BSR & Co. LLP as Statutory Auditors for a Five-Year Term
Urban Company's Board of Directors approved the appointment of M/s. BSR & Co. LLP, Chartered Accountants (Firm Reg. No. 101248W/W-100022) as Statutory Auditors for five consecutive years, effective from the conclusion of the 12th AGM to the 17th AGM, replacing M/s. Price Waterhouse & Co Chartered Accountants LLP whose term concludes at the ensuing AGM. The disclosure was made under Regulation 30 of the SEBI Listing Regulations and signed by Company Secretary Sonali Singh on May 08, 2026.
09May 26
Urban Company Appoints M/s. DPV & Associates LLP as Secretarial Auditors for Five-Year Term
Urban Company disclosed the appointment of M/s. DPV & Associates LLP (Firm Reg. No. L2021HR009500) as Secretarial Auditors on May 08, 2026, approved by the Board on the Audit Committee's recommendation for a five-year term from FY2026-27 to FY2030-31, pending member approval at the 12th AGM. The firm, founded by CS Devesh Vasisht with over 18 years of experience, specializes in secretarial audits, corporate governance, IPO advisory, and SEBI compliance.
09May 26
Urban Company Files Q4FY26 IPO Proceeds Monitoring Report Under Regulation 32
Urban Company Limited submitted its Q4FY26 Monitoring Agency Report under SEBI Regulation 32, prepared by CARE Ratings Limited, confirming IPO proceeds of Rs. 472.00 crore are being utilised in line with offer document objects with no material deviations. As of March 31, 2026, cumulative utilisation stood at Rs. 97.34 crore, with Rs. 40.87 crore deployed during the quarter and Rs. 374.66 crore remaining in fixed deposits with HDFC Bank, ICICI Bank, and Axis Bank. Shortfalls against FY26 deployment targets were noted across multiple objects, with the Board offering no comments on reasons or corrective actions.
06May 26
Urban Company Receives GST Show Cause Notice of INR 8,70,03,806 for FY 2022-23 from Tamil Nadu Authorities
Urban Company Limited received a GST Show Cause Notice from the Commercial Tax Officer, Guindy, South-II, Chennai South, Tamil Nadu, under Section 73 of the SGST Act, 2017, for FY 2022-23, demanding INR 8,70,03,806 including interest and penalty. The company has contested the notice, asserting that it correctly discharged tax as an e-commerce operator and claimed ITC in accordance with applicable provisions, and confirmed the SCN will have no impact on its financial or operational activities.
02May 26
Urban Company Limited Grants 1,54,29,253 Stock Options Under ESOP 2015 Scheme
Urban Company Limited announced a major employee stock option grant of 1,54,29,253 options under its ESOP 2015 scheme, approved by the Nomination and Remuneration Committee on May 01, 2026. The options carry an exercise price of ₹1 per option with a 10-year exercise period from vesting, convertible to equity shares with no lock-in restrictions. The grant was formally disclosed to stock exchanges in compliance with SEBI regulations.
24Apr 26
Urban Company Schedules Q4FY26 Results and Earnings Call for May 8, 2026
Urban Company Limited has scheduled its Board of Directors meeting for May 8, 2026, to approve audited financial results for Q4FY26 and the full year ended March 31, 2026. The company will host an earnings conference call on the same day from 6:30 p.m. to 7:30 p.m. IST for investors and analysts. The trading window will reopen 48 hours after results declaration, following the earlier closure intimated on March 27, 2026.
08Apr 26
Urban Company Limited Files Quarterly Certificate Under SEBI Regulations for Q4FY26
Urban Company Limited filed its quarterly certificate under SEBI Regulation 74(5) for Q4FY26 with NSE and BSE on April 08, 2026. The certificate, signed by Company Secretary Sonali Singh, included confirmation from registrar MUFG Intime India Private Limited that no demat requests were received during the quarter ended March 31, 2026.
31Mar 26
Urban Company Limited Reschedules March 31 Investor Meetings with Multiple Participants
Urban Company Limited announced updated details for analyst and investor meetings scheduled for March 31, 2026, restructuring the format to include both group and individual sessions. The company rescheduled meetings with Optimus Capital and Securities Investment Management Private Limited into a consolidated group meeting along with East Lane Capital LLP, while maintaining a separate one-on-one meeting with Steinberg India Fund.
28Mar 26
Urban Company's InstaHelp Crosses 1 Million Monthly Bookings Milestone
Urban Company Limited announced that its InstaHelp quick-service housekeeping vertical achieved 1 million monthly delivered bookings in March 2026, marking it as the fastest-growing business unit in company history. The service operates across Mumbai, Bengaluru, Delhi NCR, Hyderabad, and Pune, offering cleaning, dishwashing, laundry, and meal preparation services within 10-15 minutes of booking.
25Mar 26
Urban Company Study: Two-Wheeler Usage Boosts Women Professionals' Earnings by 14%
Urban Company released its 'Ride to Rise' report showing that women professionals who own two-wheelers earn 14% higher net monthly earnings. The Udaan initiative trained over 1,100 women to ride and enabled 700+ vehicle purchases across Mumbai, Delhi NCR, Bengaluru and Hyderabad, creating long-term financial benefits through an end-to-end mobility ecosystem.
25Mar 26
Urban Company Allots 8,00,00,000 Equity Shares to ESOP Trust Under Employee Stock Option Scheme
Urban Company Limited has allotted 8,00,00,000 equity shares to its ESOP Trust under the Employee Stock Option Scheme 2015, with board approval received on March 24, 2026. The shares, carrying a face value of ₹1 each, increased the company's paid-up share capital from ₹1,46,21,80,603 to ₹1,54,21,80,603. These shares will be transferred to eligible employees upon exercise of their stock options and rank pari passu with existing equity shares without any lock-in restrictions.
19Mar 26
SBI Mutual Fund Acquires 6.5458% Stake in Urban Company Through Market Purchase
SBI Mutual Fund disclosed substantial acquisition of 6,05,09,550 shares in Urban Company Limited on March 17, 2026, through market purchase. The acquisition increased total holding from 3,52,02,423 shares (2.4075%) to 9,57,11,973 shares (6.5458%), crossing the 5% threshold and triggering SEBI disclosure requirements under Regulation 29(1). The disclosure was filed with BSE and NSE, where Urban Company shares are listed.
18Mar 26
Urban Company Limited Updates Analyst Meeting Schedule for March 2026
Urban Company Limited has updated its March 2026 analyst and investor meeting schedule, adding new virtual meetings with Monarch Networth Capital Limited on March 24 and Equentis Wealth Advisory Services Limited on March 25. The company also cancelled the CLSA India Consumer Tour previously scheduled for March 19, demonstrating active schedule management while maintaining regulatory compliance under SEBI regulations.
10Mar 26
Urban Company Submits Amended ESOP Trust Deed for Employee Stock Option Scheme Administration
Urban Company Limited filed its Amended and Restated ESOP Trust Deed with stock exchanges on March 10, 2026, establishing the Urban Company ESOP Trust with INR 1,000 initial corpus. The trust, managed by trustees Neha Mathur and Rakshit Kapoor, will administer the Employee Stock Option Scheme 2015 and may engage professional administrators for implementation and compliance.
02Mar 26
Urban Company Announces Structured E-Shram Registration Drive with ILO Partnership
Urban Company has announced a structured partnership with the International Labour Organization to systematically expand e-Shram portal registrations among its 59,000 service professionals. The initiative integrates registration into onboarding and training processes through multiple channels including the UC partner app and training centers, aiming to increase coverage from the current 20% enrollment rate to include all active professionals with special focus on women workers.
02Mar 26
Urban Company Limited Discloses Postal Ballot Results for ESOP Scheme Amendments
Urban Company Limited has officially disclosed detailed postal ballot results to stock exchanges, confirming overwhelming shareholder approval for four special resolutions related to Employee Stock Option Scheme amendments. The regulatory disclosure demonstrates strong institutional compliance, with 94.76% approval across all resolutions and robust participation from promoter groups, public institutions, and non-institutional shareholders.
23Feb 26
Urban Company's InstaHelp Crosses 50,000 Daily Bookings Milestone in Under One Year
Urban Company Limited announced that its InstaHelp quick service housekeeping vertical crossed 50,000 daily bookings milestone on February 22, 2026, recording 51,520 bookings. Launched as a pilot in Mumbai in March 2025, the service has expanded across five major metros offering cleaning, dishwashing, laundry and meal preparation within 10-15 minutes of booking.
12Feb 26
Urban Company's GST Appeal Rejected, ₹7.30 Crore Tax Demand Upheld by Appellate Authority
Urban Company Limited's appeal against a GST demand of ₹7.30 crore has been rejected by the appellate authority, upholding the original tax demand for the July 2017-March 2022 period. The dispute involves tax classification on platform services and convenience fees, with the authority requiring 18% GST instead of the 5% rate applied by the company. Urban Company plans to file a further appeal, expressing confidence in its legal position with external advisor support, and states the order will not impact its financial or operational activities.
29Jan 26
Urban Company Limited Issues Postal Ballot Notice for ESOP Scheme Amendments with E-Voting Period from January 30 to February 28, 2026
Urban Company Limited has issued a postal ballot notice seeking shareholder approval for amendments to its Employee Stock Option Scheme 2015, including increasing the ESOP pool from 18,75,25,000 to 20,33,00,000 options and implementing the scheme through trust route. The remote e-voting period runs from January 30 to February 28, 2026, with results to be announced by March 03, 2026. The company proposes four special resolutions covering ESOP amendments, group company employee benefits, trust route implementation, and authorization for interest-free loans to the ESOP trust.
28Jan 26
Urban Company Partners with HDFC Pension to Launch NPS Platform for Over 50,000 Service Workers
Urban Company has partnered with HDFC Pension to launch a National Pension System platform for over 50,000 service workers, providing voluntary retirement savings enrollment options. This strategic collaboration addresses retirement planning needs in the gig economy, offering structured pension benefits to service professionals who traditionally lack access to formal retirement schemes. The initiative represents a significant step toward financial inclusion and long-term security for independent contractors in the service sector.
23Jan 26
Urban Company Expects Adjusted EBITDA Losses To Continue In Short Term Due To InstaHelp Investments
Urban Company expects adjusted EBITDA losses to persist in the short term due to ongoing strategic investments in its InstaHelp platform. The company's continued resource allocation to InstaHelp development is impacting near-term profitability metrics as part of its broader platform expansion strategy.
23Jan 26
Urban Company Limited Files Q3FY26 Monitoring Agency Report for IPO Proceeds Utilization
Urban Company Limited filed its Q3FY26 monitoring agency report showing utilization of ₹56.47 crores from its ₹472 crore IPO proceeds. The company invested ₹18.04 crores in technology development and cloud infrastructure, ₹7.31 crores in office lease payments, ₹6.56 crores in marketing activities, and ₹24.55 crores in issue expenses. The remaining ₹415.53 crores are invested in fixed deposits across HDFC Bank, ICICI Bank, and Axis Bank, earning returns of 2.75% to 6.60%. CARE Ratings Limited confirmed no deviations from stated objectives.
23Jan 26
Urban Company Q3FY26 Results: Loss Widens to ₹21.26 Crores Despite 33% Revenue Growth
Urban Company reported Q3FY26 consolidated results showing net loss of ₹21.26 crores versus ₹231.84 crores profit in Q3FY25, despite 33% revenue growth to ₹382.68 crores. The Native segment doubled revenue to ₹61.77 crores while new InstaHelp segment contributed ₹6.79 crores. Board approved manufacturing agreement with Amber Enterprises for Native products and ESOP scheme amendments. Higher expenses and InstaHelp losses impacted profitability despite strong top-line growth across segments.
21Jan 26
Urban Company Grants 70.82 Lakh Stock Options Under Employee Stock Option Scheme 2015
Urban Company Limited granted 70,82,350 stock options under its Employee Stock Option Scheme 2015 on January 21, 2026, with an exercise price of ₹1.00 per option. The options can be exercised within 10 years from vesting and are convertible into equity shares with ₹1.00 face value each. The scheme complies with SEBI regulations and includes provisions for various employment scenarios, with no lock-in restrictions on allotted shares.
15Jan 26
Urban Company Limited Schedules Board Meeting and Earnings Call for Q3FY26 Results on January 23, 2026
Urban Company Limited has scheduled its Board of Directors meeting for January 23, 2026, to approve Q3FY26 financial results for the quarter and nine months ended December 31, 2025. The company will conduct an earnings conference call for investors and analysts on the same day from 6:30 PM to 7:30 PM IST, requiring mandatory pre-registration. The trading window will reopen 48 hours after results declaration, following the closure announced on December 16, 2025.
15Jan 26
Urban Company Schedules Board Meeting and Earnings Call for Q3FY26 Results on January 23, 2026
Urban Company Limited has scheduled its Board of Directors meeting for January 23, 2026, to approve Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025. The company will conduct an earnings conference call on the same day from 6:30 p.m. to 7:30 p.m. IST for investors and analysts, requiring mandatory pre-registration. The trading window will reopen 48 hours after results declaration, ensuring regulatory compliance.
13Jan 26
Urban Company establishes step-down subsidiary in UAE for general trading operations
Urban Company Limited has incorporated a step-down wholly owned subsidiary, Urban Essentials General Trading L.L.C., in the UAE on January 12, 2026. The entity will engage in general trading activities, including product sales to aggregators and Native product distribution, with 100% ownership maintained through Urban Home Experts Pte Limited.
13Jan 26
Urban Company Grants 565,100 Stock Options Under Employee Stock Option Scheme 2015
Urban Company Limited's Nomination and Remuneration Committee approved the grant of 565,100 stock options to eligible employees under the Employee Stock Option Scheme 2015 on January 13, 2026. The options are priced at ₹1.00 each and can be exercised within 10 years of vesting, with each option convertible into one equity share of ₹1.00 face value. The grant complies with SEBI regulations and the resulting shares will not have lock-in restrictions.
20Dec 25
Urban Company Faces ₹56.43 Crore GST Demand Order, Plans Appeal
Urban Company has received a GST demand order of ₹56.43 crores from CGST authorities, including a ₹51.30 crore tax demand and a ₹5.13 crore penalty. The dispute centers on GST rates for payments to service professionals, covering the period from April 2021 to March 2025. The company plans to appeal the order, believing it has a strong case supported by external advisors. Urban Company assures that this will not impact its financial or operational activities.
11Dec 25
Morgan Stanley Maintains 'Underweight' Rating on Urban Company with ₹119 Price Target
Morgan Stanley has maintained its 'Underweight' rating on Urban Company with a price target of ₹119 per share. The rating reflects the investment bank's cautious assessment of the home services platform's market prospects and suggests investors should hold smaller positions relative to benchmark weightings.
08Dec 25
Urban Company Shareholders Overwhelmingly Approve Employee Stock Option Plans and Articles Amendment
Urban Company, a home services platform, received strong shareholder support for five special resolutions via postal ballot. Over 1.04 crore votes were cast electronically. Resolutions included ratification of 2015 and 2022 Employee Stock Option Schemes, extension of these schemes to group companies, and amendments to the Articles of Association. All resolutions passed with approval rates between 96.79% and 97.01%. This indicates strong employee retention strategies, group-wide alignment, and shareholder confidence in the company's direction.
11Nov 25
Urban Company Shares Surge 8% After Five-Day Decline, Despite Quarterly Loss
Urban Company's stock jumped 8% on Tuesday, ending a five-day losing streak. The company reported a net loss of ₹59.00 crore in its first quarterly results since listing. Despite the loss, trading volume surged to over 1 crore shares in the first two hours, three times higher than the 20-day average. The stock closed at ₹142.60, maintaining a 40% premium over its issue price of ₹103.00, but still 33% below its peak of ₹201.00 reached on September 22. The company's India business margins contracted due to investments in its Insta Help business.
10Nov 25
Urban Company Shares Slump 6%, Approach IPO Price Amid Extended Losing Streak
Urban Company's stock fell over 6% on Monday, marking the fifth consecutive session of losses. The home services marketplace has seen a total decline of 15% during this streak and is now 33% below its post-listing high. The stock closed at ₹133.40, approaching its IPO price of ₹103.00. Trading volume was high at 87 lakh shares, valued at ₹119.00 crore, with a 48% delivery percentage. The company recently reported a net loss of ₹59.00 crore in its first post-IPO quarterly results, with contracting India business margins and increased investments in Insta Help service.
06Nov 25
Urban Company Reports 31% Growth in Q2 FY26, Launches InstaHelp Service
Urban Company's Q2 FY26 results show 31% YoY growth in net transaction value to Rs 1,030.00 crores and 37% increase in revenue to Rs 380.00 crores. Core India services remained profitable with Rs 18.00 crores adjusted EBITDA. International operations in UAE and Singapore achieved breakeven. Native segment grew 164% YoY. New InstaHelp service scaled to 4.7 lakh monthly orders but incurred Rs 44.00 crores adjusted EBITDA loss. Overall adjusted EBITDA loss was Rs 35.00 crores. Company views FY26 as reinvestment year for long-term growth.
05Nov 25
Urban Company Boosts Employee Ownership with 1.02 Crore Equity Share Allotment
Urban Company has approved the allotment of 1,02,07,638 equity shares to eligible employees under its stock option schemes. The allotment includes 88,07,638 shares under the Employee Stock Option Scheme 2015 and 14,00,000 shares under the Employee Stock Option Plan 2022. This action has increased the company's paid-up equity share capital from ₹1,43,59,01,931.00 to ₹1,44,61,09,569.00. The newly allotted shares, with a face value of ₹1.00 each, will rank pari-passu with existing equity shares.
03Nov 25
Urban Company Reports Wider Q2 Loss Despite 37% Revenue Growth
Urban Company reported a consolidated net loss of ₹59.3 crore in Q2, up from ₹1.8 crore loss last year. Revenue rose 37% to ₹380 crore, with Net Transaction Value growing 34% to over ₹1,000 crore. The increased loss is attributed to investments in the new Insta Help vertical. Excluding Insta Help, the company had a positive adjusted EBITDA of ₹10 crore. India Consumer Services, the largest segment, showed positive EBITDA but with margin contraction. International business grew 66% and achieved breakeven in UAE and Singapore. Insta Help, despite causing a ₹44 crore loss, is showing rapid growth with 468,000 orders in October.
01Nov 25
Urban Company Reshuffles Board, Reports Q2 FY26 Results Amid Strategic Investments
Urban Company reported Q2 FY26 results with 34% YoY growth in Net Transaction Value to ₹1,030.00 crore and 44% YoY increase in revenue to ₹380.00 crore, excluding KSA operations. The company posted an Adjusted EBITDA loss of ₹35.00 crore due to investments in the new Insta Help vertical. Board changes include Vamsi Krishna Duvvuri's re-designation to Non-Executive Non-Independent Director. Core segments showed growth, with India Consumer Services NTV up 19% YoY, Native vertical NTV surging 164% YoY, and International Business NTV growing 73% YoY. The newly launched Insta Help vertical scaled to 468,000 orders in October 2025 but reported an Adjusted EBITDA loss of ₹44.00 crore in Q2.
01Nov 25
Urban Company Reports Q2 FY26 Loss Amid Strategic Investments in Insta Help
Urban Company's Q2 FY26 results show 37% YoY revenue growth to ₹380.00 crore, with 34% increase in Net Transaction Value to ₹1,030.00 crore. Despite growth, company reports ₹35.00 crore Adjusted EBITDA loss, mainly due to ₹44.00 crore investment in new Insta Help service. Core business remains profitable with ₹10.00 crore Adjusted EBITDA. India Consumer Services and Native segments show strong growth, while International business reaches breakeven. Insta Help scales to 468,000 orders in October 2025, representing 15% of India orders. Company expects continued losses as it invests in Insta Help, but maintains strong cash position of ₹2,136.00 crore.
01Nov 25
Urban Company Reports 37% Revenue Growth, But Losses Widen Amid Expansion
Urban Company's Q2 FY26 results show a 37% year-over-year revenue increase to INR 380.00 crores, driven by growth across all segments. However, the company reported an Adjusted EBITDA loss of INR 35.00 crores, primarily due to a INR 44.00 crore loss from its new InstaHelp vertical. Excluding InstaHelp, the core business remained profitable with INR 10.00 crores Adjusted EBITDA. The India Consumer Services segment grew 24% to INR 262.00 crores, while the native business surged 179% to INR 75.00 crores. International operations (excluding KSA) grew 66% to INR 41.00 crores and achieved breakeven. Post-IPO, the company's cash position strengthened to INR 2,136.00 crores.
31Oct 25
Urban Company to Unveil Q2 Results: First Post-IPO Earnings Report
Urban Company will announce its Q2 and H1 FY2024 financial results on November 1, marking its first earnings report since going public. The company's IPO in September was oversubscribed 103.63 times, with shares listing at a 57% premium. In FY2023, Urban Company reported revenue of ₹1,260.68 crore, up 36% year-over-year, and turned profitable with a PAT of ₹239.77 crore. The earnings call is scheduled for 6 p.m. on November 1, lasting 90 minutes followed by a Q&A session. The trading window, closed since September 17, will reopen 48 hours after the announcement.
15Oct 25
Urban Company Shares Rebound 8% as Lock-in Period Concludes
Urban Company's stock surged up to 8% on Wednesday, closing at ₹162.45, marking a 9% gain and ending a five-day decline. The rebound coincides with the expiry of the one-month shareholder lock-in period on October 16, which will make 4.15 crore shares (3% of outstanding equity) valued at approximately ₹651 crore eligible for trading. Despite recent volatility, the stock remains above its IPO price of ₹103.00, though it has declined 26% from its post-listing high of ₹201.00.
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