Urban Company IPO allotment expected on September 15: Steps to check status, listing date and other key details

The initial public offering (IPO) of leading home services provider Urban Company Ltd. witnessed robust demand during the three-day subscription period between September 10 and 12. The mainboard IPO closed with an overall subscription of 103.63 times on the last day of bidding on Friday.The IPO received bids for more than 1,106.46 crore shares against 10.67 crore shares on offer, as per the consolidated NSE data.

After the robust subscription, Urban Company IPO share allotment is set to be finalised on Monday, September 15.

The retail portion of the IPO was booked 39.25 times, while the Non-Institutional Investors (NIIs) category was subscribed 74.04 times. The Qualified Institutional Buyers (QIBs) segment was subscribed 140.2 times.The ₹1,900-crore book-building issue was a combination of a fresh issuance of 4.58 crore shares, worth ₹472 crore, and an offer-for-sale (OFS) portion of 13.86 crore shares, amounting to ₹1,428 crore.

The company has proposed to allocate IPO funds for marketing activities, technology upgrades and general corporate purposes.

Urban Company IPO investors can check share allotment status online through the BSE, NSE, and the official website of the issue registrar, MUFG Intime India Pvt. Ltd (formerly Link Intime).

Steps to check Urban Company IPO share allotment on BSE

Visit the IPO allotment page on the BSE website:
Select ‘Equity’ as the issue type
Select Urban Company Ltd from the dropdown menu for issue names
Input your application number or PAN to proceed
Click on search to review your share allotment details
Steps to check Urban Company IPO allotment on MUFG Intime India:Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Choose ‘Urban Company Ltd’ from the list of companies

Select any of these options for verification- PAN, Application Number, DP/Client ID or Account Number/IFSC

Enter the requested details

Click on ‘Submit’ to see the allotment status

After finalising the share allotment status, Urban Company Ltd is expected to transfer shares to the Demat accounts and process refunds on September 16.

Shares of Urban Company Ltd are tentatively scheduled to be listed on the NSE and BSE on September 17.

Urban Company is a technology-driven online services marketplace. It has presence across 51 cities in India, the United Arab Emirates (UAE) and Singapore. The company’s platform enables customers to easily order services like cleaning, pest control, electrician, plumbing, carpentry, appliance servicing and repair and on-demand home-help assistance, among others.