Urban Company IPO Details

Introduction

Urban Company, India’s top tech-enabled home services platform, is making its stock market debut in September 2025 with a headline-making IPO. Trusted across 59 cities in India and abroad, Urban Company connects users with professional home, beauty, and repair services—all through a simple click.

Key IPO Details

• IPO Dates: September 10 – 12, 2025
• IPO Size: ₹1,900 crore (₹472 crore fresh issue; ₹1,428 crore offer-for-sale).
• Price Band: ₹98 – ₹103 per share.
• Lot Size: 145 shares; minimum investment ₹14,935.
• Listing Date: September 17, 2025 (NSE, BSE).
• Allotment Date: September 15, 2025
• Lead Managers: JM Financial, Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs India.
• Registrar: MUFG Intime India Pvt. Ltd.

Urban Company IPO Lot Size

Investors can bid for a minimum of 145 shares and in multiples thereof.  The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	145	₹14,935
Retail (Max)	13	1,885	₹1,94,155
S-HNI (Min)	14	2,030	₹2,09,090
S-HNI (Max)	66	9,570	₹9,85,710
B-HNI (Min)	67	9,715	₹10,00,645

 

 

Urban Company IPO Reservation

Urban Company IPO offers total 18,44,66,019 shares. Out of which 13,81,67,476 (74.90%) allocated to QIB, 5,52,66,991 (29.96%) allocated to QIB (Ex- Anchor), 2,76,33,495 (14.98%) allocated to NII, 1,84,22,330 (9.99%) allocated to RII and 8,29,00,485 (44.94%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
QIB Shares Offered	13,81,67,476 (74.90%)	NA
NII (HNI) Shares Offered	2,76,33,495 (14.98%)	NA
Retail Shares Offered	1,84,22,330 (9.99%)	1,27,050
Employee Shares Offered	2,42,718 (0.13%)	NA
Total Shares Offered	18,44,66,019 (100.00%)

 

Company Financials

Urban Co.Ltd.'s revenue increased by 36% and profit after tax (PAT) rose by 358% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	2,200.64	1,638.65	1,631.22
Total Income	1,260.68	927.99	726.24
Profit After Tax	239.77	-92.77	-312.48
Net Worth	1,781.28	1,292.64	1,339.46
Reserves and Surplus	2,646.12	2,404.69	2,402.82
Amount in ₹ Crore

Urban Company IPO Review

UCL is the only organized player in the segment of technology driven online services market place. It enjoys most preferred service provider in 51 cities across India, UAE, and Singapore. The company posted growth in its top lines and has turned the corner from FY24. Based on its recent financial data, the IPO appears aggressively priced. Well-informed/cash surplus/risk seekers may park funds for long term. 

 

Quick Business Overview

Urban Company leverages a tech-driven gig-worker platform—empowering thousands of service professionals (barbers, electricians, beauticians, etc.) with standardized training, transparent pay, and flexible work. Revenues for FY25 topped ₹1,260 crore, with continued investments in quality, safety, and global expansion.

What Should You Consider: Risks & Rewards

Potential Upsides:

• Leadership in the online services sector with strong brand recall and scaling capabilities.
• Financial turnaround and operational profits indicating momentum

Key Risks:

• Intense competition from offline and other tech platforms could erode margins.
• High customer acquisition & marketing costs, which surged to ~17% of revenue vs ~14% a year earlier.
• Gig worker dependency, with potential regulatory or attrition challenges.
• Regulatory uncertainties related to gig worker classification, data security, and compliance.
• Valuation concerns, with a P/E ratio considered steep by some analysts.

JM Financial Services

JM Financia Services l is a lead book runner for Urban Company’s IPO, playing a pivotal role in pricing, regulatory filings, and investor education. JM Financial Services  market insights emphasize Urban Company’s strong brand recall, tech-first business model, and rising demand for home services in urban India. Their IPO research notes solid financial progress and sector tailwinds, but also highlights the risks of competition and scaling in gig platforms.

How To apply for this IPO ?

You can apply for any IPO by opening a free demat account with JM Financial Services

Summary: Urban Company’s IPO is a high-profile tech listing managed by JM Financial and top global banks. For retail investors, this offering means a chance to buy into a platform with strong brand presence, innovation, and pan-India expansion. Review financials, consider the risks, and read up on JM Financial’s expert IPO research before investing.

 

FAQs :-

Q1: What is the Urban Company IPO price band and lot size?
A: ₹98–₹103 per share; one lot is 145 shares (min ₹14,935 investment).

Q2: When does the IPO open and close?
A: Opens September 10, closes September 12, 2025.

Q3: Is JM Financial a manager for this IPO?
A: Yes, JM Financial is one of the lead book runners for Urban Company’s IPO.

Q4: What will the IPO funds be used for?
A: Technology upgrades, cloud platform, office leases, marketing, and working capital.

Q5: Where will Urban Company shares be listed?
A: NSE and BSE.

Q6: Has Urban Company posted profits?
A: FY25 shows profit before tax of ₹28.55 crore, with earlier years reflecting losses due to expansion efforts.

Q7: What are the business risks?
A: Urban Company faces risks related to local competition, maintaining quality, and shifting gig-worker regulations.