The stock was mentioned on RS 161 on the BSE, against the top of its price band on RS 103, while the NSE on the NSE debuted the urban shares of Urban Company on RS 162.25 each.
With the robust offer, analysts broadly advise investors to make some profits and keep the remaining shares with a long -term view.
This is what they suggest:
“Strong offer was above our expectations; despite offering pop, Urban Company offers a mandatory structural in the long term and can serve as a proxy for the growing demand in the segment of home services in his most important regions,” said Prashanth Tapse, Senior VP (research) at Mehta shares.
Although it was seen as an expensive IPO from a valuation position, the offer was witnessed by a strong demand from investors. The robust response is well supported from a long -term investment perspective.
“Accordingly, we will continue to recommend assigned investors who can take the risk in the risk of keeping the share from a long-term investment perspective, taking into account the inherent market risks. For unaccompanied investors, a ‘waitingness’ approval applotion to a pottery dip, that assesses a pottery dip. offers services, including beauty and well -being, repair and maintenance of devices: “For those who have received allocation, consider to make partial profit and to keep the rest for long -term profit with a stop loss of RS 120.”
Urban Company Financial Performance
In FY25, Urban Company reported a turnover of RS 1,144 Crore (38% JoJ growth) and a profit from RS 240 Crore, which marked a significant change from an RS 93 Crore loss in FY24.
About Urban Company
Urban Company is currently the only organized player in the technically driven home services market, enjoys a leading position in 51 cities in India, as well as in international markets such as the VAE and Singapore.
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Its strong brand reminder and first-mover discount position it as a preferred provider in a largely fragmented sector.
(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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