Urban Company IPO – Review
Urban Company Limited, a technology-driven company offering online services in the home and beauty categories, plans to raise ₹ 1,900 crore through an IPO.
[OFS ₹ 1,428 Cr + Fresh Issue ₹ 472 Cr]
Urban Company share price is ₹ 98 – ₹ 103 per share
Urban Company: History
The Company was originally incorporated as UrbanClap Technologies India Private Limited, a private limited company under the Companies Act, 2013, at New Delhi, India, on December 22, 2014.
The Company was converted into a public limited company under a special resolution approved by the shareholders on March 18, 2025, and its name was changed to Urban Company Limited under a fresh certificate of incorporation issued by the Registrar of Companies on April 02, 2025.
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Urban Company: Business
Urban Company Ltd. operates a technology-driven, full-stack online services marketplace for quality-driven services and solutions across home and beauty categories.
Services
Under the Company’s platform, consumers can easily order services, including –
- Cleaning,
- Carpentry,
- Appliance Servicing and Repair,
- Electrician,
- Hair Grooming and Massage Therapy
- Pest Control,
- Plumbing,
- Painting, and
- Skincare
These services are delivered by independent and trained service professionals at the consumers’ convenience.
In FY 2023-24, the company expanded into home solutions with the launch of electronic door locks and water purifier services under the brand name ‘Native’.
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Market Presence
As of December 31, 2024, the company operates in 59 cities across India, Singapore, the United Arab Emirates (UAE), and the Kingdom of Saudi Arabia (KSA).
Strategies Ahead
- Grow consumer base
- Improving retention of the existing consumer base and increasing consumer spend
- Launch new product and service offerings.
- Invest in a technology stack to improve consumer experience.
- Enhance service professional efficiency and drive cost savings.
- Quicker fulfilment of services
Company Promoters
- Abhiraj Singh Bhal,
- Raghav Chandra,
- Varun Khaitan
Refer to Urban Company IPO DRHP for detailed information.
IPO Details
Urban Company IPO date = 10 to 12 September 2025
Minimum Amount = ₹ 14,935
Minimum Bid = 145 Shares
Face Value (FV) = ₹ 10
Listing On = NSE, BSE
Book Running Lead Manager
Kotak Mahindra Capital
Morgan Stanley India
Goldman Sachs (India) Securities
JM Financial
Financials
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Urban Company IPO (keeping a long-term view in mind)
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