IPO Calendar: Urban Company to lead Rs 2,700 crore worth offers in a busy week

Synopsis

The Indian primary market is buzzing with activity as Urban Company, Dev Accelerator, and Shringar House of Mangalsutra launch their IPOs, collectively aiming to raise over Rs 2,700 crore. Urban Company's Rs 1,900 crore tech IPO is highly anticipated, while Dev Accelerator taps into the flexible workspace trend.

The primary market is set for an action-packed week with a mix of mainboard and SME IPOs opening for subscription. Investors’ attention, however, will be firmly on the mainboard space where three offerings — Urban Company, Dev Accelerator, and Shringar House of Mangalsutra — are hitting the street. These companies will cumulatively raise over Rs 2,700 crore.

Apart from the new issue openings, there are 8 listings scheduled for next week including that of Amanta Healthcare.

Urban Company IPO

Urban Company, India’s largest home services marketplace, is the highlight of the week. The company is launching its Rs 1,900 crore IPO on September 10, which will remain open until September 12.

The offer includes a fresh issue of Rs 472 crore and an offer-for-sale of Rs 1,428 crore by existing shareholders. The price band has been set at Rs 98–103 per share, and at this range, the company is seeking a post-issue valuation of Rs 14,095–14,790 crore.

This IPO is among the few tech listings in 2025, making it one of the most awaited offers of the year. Anchor investor bidding is expected a day before opening.

Dev Accelerator IPO

Another mainboard listing lined up this week is Dev Accelerator Ltd., a flexible workspace provider. The company’s IPO will open alongside Urban Company on September 10 and close on September 12.

Dev Accelerator has fixed a price band of Rs 56–61 per share and plans to raise up to Rs 143 crore through a fresh issue of 23.5 million equity shares. At the upper end of the band, the IPO values the company at about Rs 550 crore.

While grey market buzz has been quiet so far, the company’s positioning in the fast-growing flexible workspace industry could attract investor interest as the subscription window opens.

Shringar House of Mangalsutra IPO

Also opening this week is Shringar House of Mangalsutra, a Mumbai-based jewellery brand known for its mangalsutra designs. The IPO will open on September 10 and close on September 12, with a price band of Rs 155–165 per share.

The company plans to raise Rs 401 crore through a 100% fresh issue of up to 2.43 crore shares. Shringar House holds around 6% market share in the organized mangalsutra segment (CY23) and is expected to use the IPO proceeds for expansion and working capital needs.

Outlook for investors

With three back-to-back mainboard IPOs opening this week, investors have a busy schedule ahead. While Urban Company stands out for its scale and rare tech IPO status, Dev Accelerator offers a play on India’s expanding flexible workspace industry, and Shringar House of Mangalsutra gives exposure to the organized jewellery space.

SME issues such as Taurian MPS, Jay Ambe Supermarkets, Nilachal Carbo Metalicks, Karbonsteel Engineering, Krupalu Metals, and Airfloa Rail Technology are also lined up, ensuring plenty of opportunities for investors across segments.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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