Urban Company IPO GMP, a leading tech-enabled services marketplace, is launching its ₹1,900 crore IPO via a book-building process from September 10 to September 12, 2025. The offering includes a ₹472 crore fresh issue and a substantial ₹1,428 crore offer-for-sale (OFS) by early backers such as Accel India, Bessemer, Elevation Capital, Tiger Global, and VY Capital. The price band is set at ₹98–₹103 per share, with 145 shares per lot, translating to a minimum retail investment of roughly ₹14,935 at the upper price limit. At the upper band, the IPO values the company around ₹15,000 crore.

Investor allocation is structured to include 75% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors. The IPO proceeds will fund technology and cloud infrastructure upgrades (₹190 crore), office lease commitments (₹70 crore), marketing efforts (₹80 crore), and general corporate purposes.

Financially, Urban Company has achieved a strong turnaround: FY 2024-25 revenue soared 38% to ₹1,144 crore, and the company posted a net profit of ₹240 crore, compared to a ₹93 crore loss in FY 2023-24. This improvement was supported by a deferred tax asset boost and operational efficiencies. The company’s robust business model spans services such as cleaning, beauty, appliance repair, and home improvements, with a growing presence across India and select international markets.

With its solid financials, strategic growth plans, and strong backing, the Urban Company IPO is drawing significant investor interest. Grey Market Premium (GMP) has surged, reflecting optimism for a potential premium listing.