Urban Company IPO Buzzing With Investor Interest GMP Soars Ahead of Listing
Home and beauty services giant sees retail rush as IPO opens for subscription
Indias leading tech enabled home and beauty services platform Urban Company has opened its much awaited IPO and investor excitement is already running high. The issue hit the markets with a Grey Market Premium GMP of nearly 35 percent and retail investors rushed in with the retail portion booked out within the very first hour of Day 1.
About Urban Company
Often called the Uber of home services Urban Company is Indias largest on demand platform connecting customers with trained professionals for services like cleaning appliance repair beauty and wellness plumbing painting and more.
Presence across 51 cities in India UAE and Singapore
A strong network of around 54000 active service professionals June 2025
Millions of satisfied customers driving repeat demand
Headquartered in Gurugram the company has become a household name for urban households seeking reliable tech driven home solutions.
FY25 Performance Snapshot
Urban Company has seen strong growth momentum in FY25
Revenue 1144.5 crore up 38 percent YoY
Net Profit around 240 crore boosted by a one time deferred tax credit of around 211.2 crore
Adjusted EBITDA Marginally positive a turnaround from earlier losses
Growth Drivers to Watch
Expanding product lines with its Native brand and new offerings like InstaHelp and home solutions
Leveraging its marketplace model to deepen customer trust and loyalty
Focus on higher frequency services and better contribution margins
IPO Details You Should Know
Price Band 98 to 103 per share
Total Issue Size 1900 crore Fresh Issue around 472 crore OFS around 1428 crore
Lot Size 145 shares
Anchor Book Raised 854 crore from marquee investors before opening
Subscription Window September 10 to 12 2025
Expected Listing September 17 2025
Market Buzz
GMP Action Shares trading at a premium of 35 to 37 in the grey market
Investor Sentiment Retail investors snapped up their quota early signaling a strong debut on Dalal Street
A Note of Caution
While FY25 numbers look impressive much of the profit stems from a one time tax credit. Analysts suggest keeping an eye on the companys sustained operating performance post listing.
With its strong brand recall massive market opportunity and robust investor response Urban Companys IPO is shaping up to be one of the hottest listings of 2025.
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