Urban Company IPO allotment status to be finalised soon. Check GMP, and other details

The initial public offering (IPO) of Urban Company drew strong demand on Friday, September 12, and closed with a 103.6X subscription. The bulk of the bids came from qualified institutional buyers (QIBs) and non-institutional investors.

The Rs 1,900-crore issue opened on September 10 in the price band of Rs 98–103 per share. It comprised a fresh issue of Rs 472 crore and an offer for sale of Rs 1,428 crore by existing investors, including Accel, Elevation Capital, Tiger Global, Vy Capital and Bessemer Venture Partners.

The share allotment will be finalised on Monday, September 15, with the stock scheduled to list on the bourses on September 17. Applicants can check their allotment status either through the registrar, MUFG Intime India, or directly via the BSE platform.

How to check Urban Company IPO allotment

Visit the MUFG Intime India IPO allotment page.

(https://in.mpms.mufg.com/Initial_Offer/public-issues.html)

Select Urban Company IPO from the dropdown menu.

Enter either your PAN or application number.

Click on submit.

The portal will display whether shares have been allotted to you and the number of shares credited.

Alternatively, investors can check status via the BSE's website

Go to the BSE IPO allotment page

(https://www.bseindia.com/investors/appli_check.aspx)

Select Equity under issue type.

From the dropdown, choose Urban Company

Enter your application number and PAN.

Click Search.

With the issue subscribed over 6o times, the allotment chances are extremely limited. Investors who miss out will get refunds/unblocked funds before listing.

Urban Company GMP

Urban Company’s IPO’s grey market premium (GMP) is Rs 56 as of September 13. With the issue price set at Rs 103, the stock is expected to list around Rs 159. This implies an estimated gain of about 54.37% per share. However, investors should note that GMP is driven by market sentiment and can fluctuate sharply. It serves as an indicative figure and may not accurately reflect the actual listing price.

Company Overview

Founded in 2014, Urban Company operates across two segments—beauty and wellness (salon, spa, laser hair reduction) and home repairs and maintenance (plumbing, electrical, carpentry, cleaning, pest control, appliances, painting).

Also read | Sebi’s new norms: FPI path to India eased; new rulebook for IPOs

The company reported 38% growth in operating revenue to Rs 1,144 crore in FY25 and swung to a net profit of Rs 240 crore, compared with a Rs 93-crore loss in FY24.

Urban Company shares are set to list on the bourses on September 17.

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