Looking to check Urban Company IPO GMP? Here’s the latest number, the expected listing price, and what the market sentiment suggests.
The Grey Market Premium (GMP) gives investors a quick snapshot of how the stock is performing in the unofficial market before it officially lists. Below, you can see the latest GMP table for Urban Company to help you gauge potential listing gains and investor enthusiasm.
Urban Company IPO GMP Live Rates & Trend
Tracking the day-by-day GMP helps investors understand how market sentiment is evolving ahead of listing. Here’s the latest snapshot:
| Date | IPO GMP | GMP Trend | Subject To |
|---|---|---|---|
| 8 Sept | ₹28 | IPO GMP UP | ₹3,000 |
| 6 Sept | ₹20 | IPO GMP UP | ₹2,100 |
| 5 Sept | ₹20 | IPO GMP UP | ₹2,100 |
| 4 Sept | ₹20 | IPO GMP UP | ₹2,100 |
| 3 Sept | ₹– | – | ₹– |
Should You Consider Investing in Urban Company IPO?
Before applying, it’s essential to understand both the IPO mechanics and the company’s market position, because numbers alone don’t tell the full story. Here’s a breakdown in simple terms:
Issue Price Band: ₹98–₹103 per Share
This is the range at which the company is offering its shares. Investors can bid at any price within this range, but most retail investors usually apply at the upper band (₹103) to increase chances of allotment. Think of it as a ticket price for a concert—you can choose to pay more to secure your seat.
Lot Size: 145 Shares per Application
A lot is the minimum number of shares you can buy in one application. Buying less than a lot isn’t allowed. For Urban Company, one lot = 145 shares, meaning you must invest at least ₹14,935 (145 × ₹103). Buying in multiples of lots is allowed.
Minimum Retail Investment: ₹14,935 (1 Lot)
This is the smallest amount a retail investor needs to apply. It’s important to know because even though the IPO seems large, retail investors can participate with a relatively moderate investment.
Maximum Retail Investment: ₹1,94,155 (13 Lots)
Retail investors can apply for up to 13 lots, which means a maximum investment of ₹1,94,155. This is designed to allow small investors to participate while maintaining fairness in allotment.
IPO Size: ₹1,900 Crore (Fresh Issue + Offer for Sale)
- The IPO is a combination of fresh issue (capital raised for the company’s growth) and offer for sale (existing shareholders selling their shares).
- Out of ₹1,900 crore, ₹472 crore comes from fresh shares (helping the company expand), while ₹1,428 crore is from existing shareholders exiting partially.
Also Check: Can We Sell SME IPO on Listing Day?
Company Overview & Market Position
Urban Company was founded in 2014 by Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan. Over the past decade, it has evolved into a technology-driven marketplace for home and beauty services, connecting customers with trained professionals for services like cleaning, plumbing, electrical work, appliance repair, beauty treatments, and massage therapy.
- Presence in 51 cities in India, plus UAE and Singapore: This shows the company’s scale and expansion potential. For investors, more cities mean a larger customer base and revenue opportunity, but it also means managing operations in multiple regions, which comes with challenges.
- Promoter Holding: 21.09% pre-IPO: Promoter stake indicates how much control the founders retain. A 21% holding is moderate—investors should know that promoters have significant skin in the game, but there is also enough equity available for public investors.
- Revenue & Growth: The company has achieved rapid expansion and strong brand recognition. While growth is promising, it’s important to consider that profitability is still developing. Some investors may focus on short-term listing gains, while others should think long-term about when and how the company will become consistently profitable.
Market Conditions to Consider
Understanding how the market perceives the IPO is just as important as knowing the company numbers:
- GMP Trend: ₹20 → ₹28: The rising GMP indicates strong investor interest. In simpler terms, people are willing to pay extra above the IPO price to secure shares. This is like bidding above the asking price for a hot concert ticket—higher GMP signals popularity and demand.
- IPO Market Sentiment: Currently, tech-driven service platforms are trending positively, meaning investors are excited about growth stories like Urban Company. However, market volatility can affect actual listing gains, so short-term profits are not guaranteed.
- Other Factors: Valuation, revenue growth, and subscription levels are critical. A company can have a high GMP, but if its growth slows or its valuation seems too high, investors might face price corrections after listing.
Check out: What is IPO Cycle? A Complete Guide for Investors
Takeaway for Investors
- The Urban Company IPO shows promising GMP and potential listing gains, making it attractive for investors seeking short-term gains based on market sentiment.
- For long-term investment, consider:
- The company’s fundamentals and profitability timeline
- Competition in the home and beauty services market
- Broader market conditions and volatility
- Minimum retail investment: ₹14,935 for 1 lot
- This gives a tangible sense of risk vs. reward. Even with strong GMP, investors need to know how much money they are putting at stake and plan accordingly.
Urban Company Financial Performance Overview (FY23 & FY24)
FY23 (April 2022 – March 2023)
- Urban Company Revenue from Operations: ₹637 crore, marking a 45% year-on-year growth from ₹438 crore in FY22.
- Urban Company Loss Before Tax (Ind AS): Reduced to ₹308 crore from ₹514 crore in FY22, indicating improved financial health.
- Urban Company Adjusted EBITDA Loss: Narrowed to ₹297 crore from ₹377 crore in FY22, reflecting better operational efficiency.
- India Business Profitability: Urban Company achieved Adjusted EBITDA breakeven in Q1 FY24, with negative working capital, highlighting operational leverage.
FY24 (April 2023 – March 2024)
- Urban Company Revenue from Operations: Increased to ₹827 crore, a 30% year-on-year growth from FY23.
- Urban Company Profit Before Tax (PBT): Loss reduced to ₹93 crore from ₹312 crore in FY23, showcasing progress towards profitability.
- Q1 FY25 Performance: Urban Company recorded a PBT of ₹12 crore, with a PBT margin of 4.3%, indicating a strong start to the fiscal year.
Check The Detail Report Here: Urban Company’S Annual Business Summar
📈 Urban Company Key Financial Metrics
| Metric | FY23 | FY24 | FY25 Q1 |
|---|---|---|---|
| Urban Company Revenue from Operations | ₹637 crore | ₹827 crore | ₹281 crore |
| Urban Company Loss Before Tax (PBT) | ₹308 crore | ₹93 crore | ₹12 crore |
| Urban Company Adjusted EBITDA Loss | ₹297 crore | Not disclosed | Not disclosed |
| Urban Company PBT Margin | Not disclosed | Not disclosed | 4.3% |
FAQs
Is Urban Company IPO?
Yes, Urban Company is going public through an IPO (Initial Public Offering). Investors will have the opportunity to apply for shares during the subscription period and potentially earn listing gains if the IPO performs well in the market.
What is the IPO price band of Urban Company?
The Urban Company IPO price band is ₹98 to ₹103 per share. Investors can bid within this range during the subscription period.
How many shares can I apply for in Urban Company IPO?
Retail Investors: Minimum 1 lot (145 shares), maximum 13 lots (1,885 shares).
HNI Investors (sNII & bNII): Higher lot multiples apply.
Where will Urban Company IPO list?
Urban Company shares are expected to list on BSE and NSE. Investors can conveniently apply for the IPO and track their allotment status through popular platforms such as Zerodha, Upstox, Groww, Paytm Money, ICICI Direct, and HDFC Securities. These platforms allow retail investors to submit applications online, monitor allotment updates, and manage their shares after listing, making the entire process seamless and user-friendly.