The problem of RS 1,900-crore was open on 10 September in the price band of RS 98-103 per share. It consisted of a new issue of RS 472 Crore and an offer for sale of RS 1,428 Crore by existing investors, including Accel, Elevation Capital, Tiger Global, VY Capital and Bessemer Venture Partners.
The allocation of shares will be completed on Monday 15 September, with the shares stated on the Bourses on 17 September. Applicants can check their allocation status via the registrar, MUFG Intime India, or directly via the BSE platform.
How to check the IPO allocation of the urban company
Visit the MUFG Intime India IPO allocation page.
((https://in.mpms.mufg.com/initial_offer/public-issues.html))
Select Urban Company IPO in the drop -down menu.
Enter your pan or application number.
Click Send.
The portal will display whether shares have been assigned to you and the number of credited shares.
As an alternative, investors can check the status via the BSE website
Go to the BSE IPO allocation page
((https://www.bseindia.com/investors/appli_check.aspx))
Select equity under issue type.
Choose Urban Company from the drop -down list
Enter your application number and pan.
Click search.
With the problem that has been registered for 60 times, the allocation opportunities are extremely limited. Investors who miss receive refunds/unblocked funds before they are mentioned.
Urban Company GMP
The IPOs Gray Market Premium (GMP) from Urban Company is RS 56 as of 13 September. With the issue price at RS 103, the share is expected around RS 159. This implies an estimated profit of approximately 54.37% per share. However, investors must note that GMP is powered by market sentiment and can fluctuate sharply. It serves as an indicative figure and may not accurately reflect the actual listing price.
Company overview
Urban Company, founded in 2014, works in two segments – Boosty and Wellness (Salon, Spa, Laser Har Reduction) and home repairs and maintenance (sanitary, electric, carpentry, cleaning, pest control, devices, painting).
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The company reported a growth of 38% in operational sales to RS 1,144 Crore in FY25 and waved to a net profit of RS 240 Crore, compared to a loss of RS 93-crore in FY24.
The shares of Urban Company will be mentioned on the Bourses on 17 September.
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