Since the offer on 17 September, the shares of Urban Company have risen 86% on the issue price of RS 103.
The share was mentioned on Wednesday on RS 162.25 on the NSE, a premium of 57.52% until his issue price, before setting himself on RS 166.83, an increase of 61.97%. On Thursday it extended the win to RS 174.
Prashanth Tapse, senior vice president (research) at Mehta Equities, calls Urban Company a mandatory structural in the long term that can serve as a proxy for the growing demand in the home services segment in the most important geographies.
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It is the only organized player in the technically powered online home service market, enjoying a leading position in 51 cities in India, as well as in international markets such as the VAE and Singapore. Mehta said he was not surprised by the fantastic list of Urban Company. He added that, despite the fact that he was seen as an expensive IPO from a valuation position, the offer had witnessed the robust demand from investors, who is ‘well supported by a long -term investment perspective’. Tapse has further advised that ‘we continue to recommend assigned investors who can take risks in the short term to assess the shares that a post-liste dip has to advise after a post-liste dip. A potential access point. “
Its strong brand reminder and first-mover discount position it as a preferred provider in a largely fragmented sector.
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