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Urban Company lists at 58% premium in stock market debut

EntrackrEntrackr ยท 2m ago
Urban Company lists at 58% premium in stock market debut
Medial

Home services marketplace Urban Company made a strong stock market debut today, listing at Rs 162.25 per share on the NSE, a 57.5% premium over its issue price of Rs 103. On the BSE, the stock opened at Rs 161. Urban Companyโ€™s IPO was open for subscription from September 10 to 12, 2025, with a price band of Rs 98โ€“103 and a minimum investment of Rs 14,935. The Rs 1,900 crore IPO was comprised with a fresh issue of shares worth Rs 429 crore and an offer for sale (OFS) of Rs 1,471 crore. According to exchange data, Urban Companyโ€™s IPO was oversubscribed 108.98 times, with the retail portion at 41.49x, QIBs (ex-anchors) at 147.35x, and NIIs at 77.82x. During the process of the Initial public offering (IPO), the Gurugram-based company secured Rs 854 crore from anchor investors. According to the company, net proceeds from the fresh issue will be used for technology and cloud infrastructure (Rs 190 crore), lease payments (Rs 75 crore), marketing activities (Rs 90 crore), and other general corporate purposes. Urban Companyโ€™s share touched its high of Rs 179 per share in the morning and (as of 11:10 AM) is currently trading at Rs 168.3 with the total market capitalization of Rs 24,169.1 crore (around $2.7 billion). For the fiscal year ending March 2025, the home service company reported a 38% surge in its operating revenue to Rs 1,144 crore. It also posted a profit before tax (PBT) of Rs 28.5 crore during the same period.

Groww raises Rs 2,984 Cr from anchor investors ahead of IPO

EntrackrEntrackr ยท 26d ago
Groww raises Rs 2,984 Cr from anchor investors ahead of IPO
Medial

News All Stories Groww raises Rs 2,984 Cr from anchor investors ahead of IPO Investment platform Groww, operated by Billionbrains Garage Ventures Ltd, has raised Rs 2,984.5 crore from anchor investors ahead of its initial public offering (IPO). Investment platform Groww, operated by Billionbrains Garage Ventures Ltd, has raised Rs 2,984.5 crore from anchor investors ahead of its initial public offering (IPO). The companyโ€™s IPO committee approved the allocation of 29.85 crore shares at Rs 100 per share, comprising a face value of Rs 2 and a premium of Rs 98, as per the companyโ€™s regulatory filing accessed from the stock exchange. According to the companyโ€™s filing, Groww attracted participation from a strong line-up of marquee investors, including HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, Nippon India, Axis Mutual Fund, and Aditya Birla Sun Life, among others. Global institutions such as the Government of Singapore, Monetary Authority of Singapore, Abu Dhabi Investment Authority, Goldman Sachs, New York State Teachers Retirement System, and Norwayโ€™s Government Pension Fund Global also came on board. Out of the total anchor allotment, around 46.6% (Rs 1,389.8 crore) was allocated to 17 domestic mutual funds spread across 54 schemes. The anchor allotment for Growwโ€™s IPO will open for public subscription today and will close on November 7. The company has set a price band of Rs 95โ€“100 per share. Backed by Peak XV Partners, Tiger Global, Ribbit Capital, and ICONIQ Growth, Growwโ€™s public issue will include a fresh issue of shares worth Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572.3 crore at the upper price band of Rs 100 per share, with early major investors participating in the OFS. According to Entrackrโ€™s recent report, existing investors in Groww are set to pocket massive gains through the partial offer for sale. Kauffman Fellows Fund will clock an impressive 196X return, while Nirman Ventures and Y Combinator will reap 126.6X and 29X returns, respectively. Major backers such as Peak XV Partners, Tiger Global, and Ribbit Capital are also expected to book substantial profits from the IPO. The Bengaluru-based firmโ€™s operating revenue surged nearly 50% year-on-year to Rs 3,902 crore in FY25, while its profit soared to Rs 1,824 crore during the same period. However, in Q1 FY26, Growwโ€™s revenue declined nearly 10% YoY to Rs 904.4 crore, with the company posting a profit of Rs 378.36 crore.

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