In 2025, India’s IPO market has continued to attract strong interest from investors, driven by technology-led companies and online marketplaces. After a robust showing by consumer-focused and SaaS companies earlier this year, Urban Company is set to make its debut, providing a unique opportunity for investors to participate in India’s growing home and beauty services sector.
Urban Company IPO opens for subscription on September 10, 2025, and closes on September 12, 2025, with a total issue size of ₹1,900 crore, combining a fresh issue of ₹472 crore and an offer for sale of ₹1,428 crore. The IPO will list on BSE and NSE, with a tentative listing date set for September 17, 2025.
About Urban Company Ltd.
Founded in December 2014, Urban Company is a technology-driven, full-stack online marketplace offering home and beauty services across India, the UAE, and Singapore (excluding KSA joint venture cities) as of June 30, 2025. The platform connects consumers with trained, background-verified service professionals for services such as:
- Cleaning, plumbing, electrical work, and appliance repair
- Beauty treatments and massage therapy
The company has also expanded into home solutions under its brand Native, offering water purifiers and electronic door locks. Urban Company supports service professionals through training, access to tools, financing, insurance, and branding, ensuring better service quality and income potential.
Despite online penetration in India’s home services market remaining below 1%, the market is valued at USD 59.2 billion in 2024 and projected to reach USD 97.4 billion by 2029, highlighting significant growth potential.
Urban Company IPO Details
| IPO Date | September 10, 2025, to September 12, 2025 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹98 to ₹103 per share |
| Lot Size | 145 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 18,44,66,018 shares (aggregating up to ₹1,900.00 Cr) |
| Fresh Issue | 4,58,25,242 shares (aggregating up to ₹472.00 Cr) |
| Offer for Sale | 13,86,40,776 shares of ₹1 (aggregating up to ₹1,428.00 Cr) |
| Employee Discount | ₹9.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,39,00,53,450 shares |
| Share Holding Post Issue | 1,43,58,78,692 shares |
Urban Company IPO Timeline (Tentative Schedule)
Urban Company IPO opens on September 10, 2025, and closes on September 12, 2025.
| IPO Open Date | Wed, Sep 10, 2025 |
| IPO Close Date | Fri, Sep 12, 2025 |
| Tentative Allotment | Mon, Sep 15, 2025 |
| Initiation of Refunds | Tue, Sep 16, 2025 |
| Credit of Shares to Demat | Tue, Sep 16, 2025 |
| Tentative Listing Date | Wed, Sep 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2025 |
Urban Company IPO Lot Size
| 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 |
About the Promoters
Urban Company is led by Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan. The promoter holding pre-IPO is 21.09%, with post-IPO shareholding to be calculated based on equity dilution.
Urban Company Financials
Urban Company has demonstrated strong growth in recent years, recovering from FY24 losses and achieving profitability in FY25. Key financials (restated consolidated) are:
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 2,200.64 | 1,638.65 | 1,631.22 |
| Total Income (₹ Cr) | 1,260.68 | 927.99 | 726.24 |
| Profit After Tax (₹ Cr) | 239.77 | -92.77 | -312.48 |
| Net Worth (₹ Cr) | 1,781.28 | 1,292.64 | 1,339.46 |
| Reserves & Surplus (₹ Cr) | 2,646.12 | 2,404.69 | 2,402.82 |
Key Performance Indicators (KPI):
The market capitalisation of Urban Company IPO is ₹14,789.55 Cr.
- Return on Net Worth (RoNW): 13.35%
- Price to Book Value: 8.27
- Pre-IPO EPS: ₹1.72
- Post-IPO EPS: ₹1.67
- Pre-IPO P/E: 59.71x
- Post-IPO P/E: 61.68x
Objects of the Issue
Urban Company intends to use IPO proceeds for:
| Object | Amount (₹ Cr) |
| New technology development & cloud infrastructure | 190.00 |
| Lease payments for offices | 75.00 |
| Marketing activities | 90.00 |
| General corporate purposes | – |
Urban Company IPO Review
Urban Company is the only organised player in the app-based aggregator sector, operating in 51 cities across India, the UAE, and Singapore. With strong brand recognition and an established professional network, the company has turned profitable after FY24 losses.
While the IPO is aggressively priced, it presents an opportunity for well-informed, cash-surplus, and long-term investors looking to gain exposure to India’s fast-growing home and beauty services sector.
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Conclusion
Urban Company IPO offers investors a chance to participate in a high-growth, technology-driven platform addressing both home and beauty services. With proven operational scale, a trusted brand, and strong financial performance, the company is well-positioned in a market with significant growth potential. Potential investors, however, should consider risks such as market competition, reliance on service professionals, and fluctuating demand in discretionary services.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
