Wednesday, June 10, 2026

Urban Company shares back at their IPO price; Here’s why March is an important month

Date:

Shares of Urban Company Ltd. are trading with losses for the sixth straight session on Thursday, February 26. The fall from its post-listing high has taken the stock back to its IPO price of ₹103.The company made its stock market debut on September 17, 2026 at a premium of nearly 60% from its initial public offering (IPO) price of ₹103 per share.

Post-listing, Urban Company shares gained over 95% to hit their post-listing high of ₹201.18 apiece. The stock is now 46% from those levels at ₹106 apiece on Thursday.

March is an important month for Urban Company as there will be two instances where its shareholder lock-in period comes to an end. Firstly, as many as 7 million shares or 0.5% of Urban Company Ltd.’s outstanding equity will open up for trade on March 5, 2026, as its six-month post-listing lock-in period ends, as per Nuvama Alternative & Quantitative Research. At the current market price, these shares are worth ₹74.89 crore.The bigger lock-in ends on March 17, where as many as 940.9 million shares or 66% of the company’s outstanding equity will free up for trade. At the current market price, those shares are worth ₹10,000 crore.
It must be noted that the shareholder lock-in does not mean all shares of the firm will be sold in the open market. They will only become eligible to be traded.

Previously, when its three-month lock-in period ended on December 15, 2025, a total of 41.5 million shares or 3% of the company’s outstanding equity had become eligible for trade.

Urban Company’s third quarter revenue increased 33% to ₹382.68 crore from ₹287.92 crore in the previous year. Its earnings before interest, tax, depreciation and amortisation (EBITDA) loss widened to 35.31 crore from a marginal loss of ₹1.9 crore in the year-ago period.

It posted a net loss of ₹21.26 crore in the December quarter, compared to a net profit of ₹231.84 crore in the previous year, largely due to a tax credit of ₹215.46 crore in the previous year.

The stock was down 0.7% at ₹107.12 apiece around 1.30 pm on Thursday. It has declined 12.7% in the past month and 18.7% in 2026, so far.

Also Read: Aurobindo Pharma shares gain after Eugia wins USFDA approval for liver transplant drug

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Copper Advances as Mideast Tensions Ease and Stocks Climb

(ब्लूमबर्ग) - मध्य पूर्व में तनाव कम होने से...

Maruti Suzuki share price may rise 26% after JPMorgan projects margin improvement

India's largest passenger car manufacturer Maruti Suzuki India Ltd....

Top 10 military spenders in 2025: Where India ranks

Military budgets around the world continued to expand in...

Korea’s KOSPI slides and then recovers as cracks emerge in world-beating rally

South Korea’s $4.9 trillion stock market is starting to...