Bilkul Bazaar | By Rafat Quadri
From Startup to Stock Market: Urban Company’s ₹1,900 Crore IPO Launch on Sept 10
Ahmedabad: Urban Company Limited has announced the launch of its ₹1,900 crore Initial Public Offering (IPO), opening for subscription from September 10–12, 2025, with Anchor Investor bidding on September 9, 2025. The company has set the price band at ₹98–103 per equity share of face value ₹1 each.
Leadership Interaction in Ahmedabad
On Thursday, Abhiraj Singh Bhal, CEO & Co-founder, Varun Khaitan, Executive Director & COO, Raghav Chandra, Executive Director & CTPO and Abhay Mathur, CFO, were in Ahmedabad to interact with the media, where they shared key details of the IPO, strategy, and growth outlook.
“Our IPO is a step towards strengthening Urban Company’s foundation as we scale up technology, expand service categories, and deepen our customer relationships,” said Abhiraj Singh Bhal, CEO & Co-founder.
“This is not just a fundraising exercise but a strategic move to enhance our infrastructure and operational efficiency, ensuring long-term sustainable growth,” added CA Ratiraj Tibrewal, Director & CEO.
“We remain focused on financial discipline while balancing growth. The IPO proceeds will support our tech investments, marketing initiatives, and corporate needs,” noted Abhay Mathur, CFO.
Between FY2024 and FY2025, the company recorded a 36% growth in revenue and a 358% surge in profit after tax (PAT). According to Varun Khaitan, Executive Director & COO of Urban Company, the IPO proceeds will be directed towards technology development, marketing, and global expansion.
IPO Structure and Employee Benefits
The IPO consists of a fresh issue of shares worth ₹472 crore and an Offer for Sale (OFS) of ₹1,428 crore by existing investors. Employees will be offered a ₹9 per share discount under the reserved quota. Investors can bid for a minimum of 145 equity shares and in multiples thereafter.
Objects of the Issue
Net proceeds from the fresh issue will be utilized for:
Technology development and cloud infrastructure: ₹190 crore
Lease payments for offices: ₹75 crore
Marketing activities: ₹90 crore
General corporate purposes
Investor Participation and Listing
The OFS will include stake sales by Accel India IV (₹390 crore), Bessemer India (₹173 crore), Elevation Capital (₹346 crore), Internet Fund V (₹303 crore), and VYC11 Ltd (₹216 crore).
The shares are proposed to be listed on both BSE and NSE, with Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs India, and JM Financial acting as the book-running lead managers.
Urban Company operates a technology-driven, full-stack online services marketplace that offers quality-focused solutions across various home and beauty categories. The platform allows consumers to easily book services such as cleaning, pest control, plumbing, carpentry, appliance servicing and repair, painting, skincare, hair grooming, and massage therapy. These services are provided by trained, independent service professionals at the convenience of the consumers. The company emphasizes delivering a standardized, reliable, and high-quality service experience.
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