Urban Company IPO Oversubscribed 109x: Check GMP, Allotment, and Listing Details

The Urban Company IPO has witnessed overwhelming investor interest, becoming one of the most talked-about public issues of 2025. The home services marketplace, which connects customers with professionals for beauty, repair, cleaning, and maintenance, closed its IPO on September 12, 2025.

With a subscription of 109 times, the IPO reflects strong investor confidence in the company’s growth story. The basis of allotment is expected to be finalized on September 15, 2025, with listing scheduled for September 17 on the BSE and NSE.

Urban Company IPO Subscription Details

According to NSE data, the Urban Company IPO received bids for 11.06 billion shares against an offer of 101.5 million shares, resulting in an overall subscription of 109 times.

Category-wise subscription:

• Qualified Institutional Buyers (QIBs): 147.35 times

• Non-Institutional Investors (NIIs): 77.82 times

• Retail Investors: 41.5 times

The overwhelming participation, especially from institutional buyers, highlights strong faith in Urban Company’s business model and future expansion plans.

Urban Company IPO Allotment Date

The basis of allotment for Urban Company IPO shares will be finalized on Monday, September 15, 2025. Once completed, investors will be able to check whether they have received shares through the following platforms:

Steps to check IPO allotment on BSE

1. Visit the official BSE website.

2. Select ‘Equity’ from the Issue Type dropdown.

3. Choose ‘Urban Company’ from the list of issues.

4. Enter your Application Number or PAN.

5. Complete the captcha verification.

6. Click ‘Search’ to view allotment status.

Steps to check IPO allotment on MUFG Intime India

1. Visit the MUFG Intime India portal.

2. Select ‘Urban Company’ from the IPO dropdown list.

3. Enter your Application Number, PAN, DP/Client ID, or Bank Account/IFSC details.

4. Click on ‘Submit’ to view your allotment details.

Urban Company IPO GMP (Grey Market Premium)

As per market observers, Urban Company’s unlisted shares were trading at ₹171.5 apiece in the grey market. This indicates a premium of ₹68.5 (66.5%) over the IPO’s upper price band of ₹103. The strong GMP suggests that the stock may witness a robust listing gain, although investors are advised to consider market conditions before making short-term decisions.

Urban Company IPO Listing Date

• IPO Opened: September 10, 2025

• IPO Closed: September 12, 2025

• Basis of Allotment: September 15, 2025

• Refunds & Credit of Shares: September 16, 2025

• Listing Date: September 17, 2025, on BSE and NSE

The company’s stock is expected to make a strong debut, given the robust subscription numbers and high grey market premium.

Lead Managers of the Issue

The IPO is being managed by some of the top investment banks, including:

• Morgan Stanley India Company

• Goldman Sachs (India) Securities

• JM Financial

• Kotak Mahindra Capital Company

Their participation underscores the significance of Urban Company’s market debut and strengthens investor confidence.

Utilization of IPO Proceeds

According to the Red Herring Prospectus (RHP), Urban Company intends to use the IPO proceeds as follows:

• ₹190 crore for technology development and cloud infrastructure.

• ₹75 crore towards lease payments for office spaces.

• ₹90 crore for marketing and brand-building initiatives.

This allocation indicates that the company is focused on scaling its technology backbone, enhancing its physical presence, and expanding brand reach across India and global markets.

Conclusion

The Urban Company IPO has emerged as one of the most successful issues of 2025, with massive oversubscription led by institutional investors. With a GMP of 66.5% and strong retail participation, the listing on September 17, 2025, is eagerly awaited. The funds raised will help the company strengthen its technology, infrastructure, and brand presence, positioning it as a key player in India’s growing home services industry.