Urban Company: GMP among 10 things investors need to know from a rare tech IPO in 2025

Urban Company, India’s largest home services marketplace, is coming to the public markets with a Rs 1,900 crore IPO opening on September 10. The issue, which will close on September 12, is a rare tech IPO this year and among the most anticipated listings of 2025. Here are ten things investors should know:

1. Size of the offer

The IPO aggregates up to Rs 1,900 crore, comprising a fresh issue of Rs 472 crore and an offer-for-sale of Rs 1,428 crore by existing investors.

2. Price band and GMP

The price band has been fixed at Rs 98–103 per share, with a face value of Re 1 each. At this range, Urban Company will command a post-issue market capitalization of Rs 14,095 crore to Rs 14,790 crore. Ahead of the issue opening, the grey market premium (GMP) is around Rs 10.

3. Lot size and minimum investment

Investors can bid in lots of 145 shares, translating to a minimum investment of about Rs 14,935 at the lower end of the band.

4. IPO reservation

Qualified institutional buyers have been allocated 75% of the offer (Rs 1,423 crore), while non-institutional investors (NIIs) will receive 15% (Rs 285 crore) and retail investors 10% (Rs 190 crore).

5. Employee discount

Employees applying under the reserved portion will get a Rs 9 per share discount, with up to 2.5 crore shares earmarked for them.

6. IPO timelines

The allotment for the public offer will be finalized on September 15. Refunds/credit of shares will take place on September 16, and the listing is scheduled for September 17 on both BSE and NSE.

7. Promoters and background

Founded in 2014 as UrbanClap by Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan, Urban Company is now India’s leading full-stack home and beauty services platform.

8. Business model

Urban Company connects consumers with trained service professionals across categories like cleaning, beauty, repairs, pest control, and wellness. It also sells products under the ‘Native’ brand, including water purifiers and smart locks.

9. Strengths

The company highlights its hyperlocal, tech-driven model, strong brand trust, and high repeat usage. According to Redseer, Urban Company has completed over 97 million service orders in India since inception, with professionals on its platform earning 15–20% more than peers in food delivery or quick commerce.

10. Outlook

Urban Company’s IPO is rare in India’s tech space this year and is being closely tracked for both pricing and investor reception. Its scale, consumer brand recall, and integration of product sales alongside services make it one of the most interesting offerings of FY26.
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