The Gurugram-based company has fixed the price band at ₹98-103 per share for its maiden issue, which closes on September 12.
Investors can apply for a minimum of 145 shares and in multiples thereafter. At the upper end of the band, Urban Company is valued at ₹14,790 crore.The IPO comprises a fresh issue of equity shares worth ₹472 crore and an offer for sale (OFS) of ₹1,428 crore by existing investors. Key shareholders offloading stakes under the OFS include Accel India, Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd, and VYC11 Ltd.
The listing will provide partial exits to early backers such as Accel India, Elevation Capital, and Tiger Global. Proceeds from the fresh issue will be used for marketing initiatives and technology upgrades, according to the company’s prospectus.Founded in 2014 as UrbanClap, Urban Company has grown into India’s largest home and beauty services platform, offering everything from facials to plumbing repairs.
It competes with players like Housejoy and Sulekha but has scaled rapidly by tapping rising demand for professional services via smartphones. The platform currently lists over 48,000 active service professionals, as per its website.
Internationally, Urban Company has expanded to the UAE, Saudi Arabia, and Singapore, though India continues to be its core market, contributing nearly 90% of revenue.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities, JM Financial is the book-running lead manager, while MUFG Intime India is the registrar to the issue.
The IPO allotment is likely to be finalised on September 15, with tentative listing on BSE and NSE scheduled for September 17, 2025.
