Urban Company, India’s leading tech-enabled home services platform, made a spectacular debut on the stock market today, with shares listing at a 58% premium over the initial public offering (IPO) price.
On the National Stock Exchange (NSE), Urban Company shares opened at ₹162.25, up from the IPO price of ₹103, while on the Bombay Stock Exchange (BSE), shares listed at ₹161, marking a 56% gain.
This strong performance signals robust investor confidence in the company and its growth prospects.
The IPO was oversubscribed nearly 104 times, making it the most subscribed large-scale offering in India for 2025.
Bids for the IPO totaled approximately ₹1.14 trillion (around $12.97 billion), reflecting immense investor interest in the platform that connects customers with home and beauty service providers through its app.
Following the listing, Urban Company’s market capitalization stood at roughly ₹23,118 crore ($3 billion), highlighting its significant presence in a rapidly growing home services sector.
Experts attribute the strong debut to the company’s innovative business model, strong operational metrics, and the untapped potential of India’s home services market.
The successful IPO and stock market listing mark a milestone for the startup ecosystem in India, demonstrating investor appetite for tech-driven service platforms.
Urban Company now joins a growing list of Indian startups that have successfully transitioned to public markets, setting a benchmark for future offerings in the sector.
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