Urban Company picks up RS 854 Crore from anchor investors prior to IPO

Home Services Marketplace Urban Company has raised RS 854 CRORE anchor investors prior to his IPO and opened tomorrow. The issue will be closed on 12 September. According to a release, the company has assigned 8.29 crore shares to investors on RS 103 each, the upper price tire of the IPO.

Some of the selection names that participated in the anchor round, include SBI Fund, Monetary Authority of Singapore, HDFC MF, Fidelity Securities, Nomura, Icici Pru Life, SBI Life, Citigroup, Goldman Sachs.

Analysts are of the opinion that the IPO of Urban Company Investors offers the opportunity to participate in the leading platform for technical and beauty services of India, with proven scalability on more than 12,000 micro-markets in India and selecting international markets.

The hyperlocal model of the company stimulates efficiency, network effects and high involvement, while continuous investments in professional training, retention and technology (AI-driven recommendations, operational tools and products such as ‘Native’ and ‘Co-Pilot’) strengthen its competing canal.

Looking at the financial data, Urban Company has yielded a robust growth, with the turnover from 30% in FY24 and 38% in FY25, in addition to a turn to net profit of RS 240 Crore, which is a reflection of operational leverage and improved unity economy.

With the rating, with the upper price band of RS 103, the problem requires a market capitalization of RS 14790 CR. Based on FY26E annual income and the fully diluted post-Ipho Capital, the company asks a market capital-to-sales several of 10x, which seems completely priced in view of the current financial financial data. “We believe that the company can recommend a premium appreciation compared to India’s other internet technical peers, powered by the stronger unit economy, premium-service-mix mix mix of the delivery of a large and deeper delivery service, couple in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership in a large leadership. Profitable growth process, “said Mehta shares. The offer is a mix of RS 472 CRORE fresh issue and an offer for sale worth RS 1,428 crore by existing investors. The price band is set at RS 98-103 per share.

Retail investors can register a minimum party size of 145 shares, which translates into approximately RS 14,935 at the bottom of the tire. Employees receive an RS 9 discount per share. The IPO allocation is planned for September 15, while mention on the BSE and NSE was set before September 17.