There were 17 main board IPO in September including of Vikram Engineering Limited, Anlon Healthcare Limited, Amanta Healthcare Limited, Shrinagar House of Mangalsutra Limited, Urban Company Limited, Dev Accelerator Limited, Euro Pratik Sales Limited, VMS TMT Limited, Ivalue Infosolutions Limited, GK Energy Limited, Saatvik Green Energy Limited, Ganesh Consumer Products Limited, Atlanta Electricals Limited, Solarworld Energy Solutions Limited, Jaro Institute of Technology Management & Research Limited, Seshaasai Tecgnologies Limited and Anand Rathi Share and Stock Brokers Limited against 16 main board IPOs in August 2025. There were 21 SME IPOs in September 2025 as against 12 SME IPOs in August 2025.
Urban Company Limited:
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About the Company |
Founded in 2014, Urban Company Limited (UCL) is India’s largest technology-driven, full-stack marketplace for home and beauty services, operating across 51 cities in India, the UAE, and Singapore. The platform connects consumers with 54,347 monthly active service professionals, offering services across cleaning, beauty, appliance repair, and home maintenance. UCL also manufactures and markets home solution products under its ‘Native’ brand, including water purifiers and smart locks. In FY25, India Consumer Services contributed 77%, International Operations 13%, and Native products 10% of total revenue. The company reported revenue of Rs. 1,144 crore in FY25, up 38% from Rs. 828 crore in FY24, while turning profitable with a PAT of Rs. 240 crore compared to a net loss of Rs. 93 crore in the previous year. |
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Funds Utilization |
The IPO proceeds will be utilized towards technology development and cloud infrastructure, lease payments for office spaces, marketing activities, and general corporate purposes. |
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Anchor Investors & Selling Shareholders |
The company raised Rs. 854 crores from anchor investors, with selling shareholders including Accel India, Bessemer India, Elevation Capital, Tiger Global, and VY Capital partially exiting their stakes, recording returns ranging from 1.7x to 27.3x on their investments. |
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IPO Performance |
The Rs. 1900 Crore IPO comprised of fresh issue of Rs. 472 Crore and OFS of Rs. 1428 Crores. The issue was subscribed over 103 times, with QIBs subscribed the most at 147 times to the issue. Shares of Urban Company Limited made a stellar debut on the bourses on 17th September, and got listed at Rs. 162.25 on NSE and Rs. 161 on BSE, i.e. a premium of 57.5% and 56% over the issue price of Rs 103. |
Acknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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