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Urban Company lists at 58% premium in stock market debut

EntrackrEntrackr · 13d 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 Company’s IPO was open for subscription from September 10 to 12, 2025, with a price band of Rs 98–103 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 Company’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 Company’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.

Urban Company posts Rs 846 Cr revenue in 9M FY25, locks and RO biz grows 7X

EntrackrEntrackr · 5m ago
Urban Company posts Rs 846 Cr revenue in 9M FY25, locks and RO biz grows 7X
Medial

Urban Company’s revenue from operations grew to Rs 846 crore in the first nine months of FY25 from Rs 601 crore in the first three quarters of FY24, its financial statements disclosed in the DRHP show. Urban Company provides home services, including spa and salon treatments, AC repair, electrical work, painting, wall panel installation, pest control, and more. Revenue from these services contributed 75% of the company’s total collections, which rose 31% to Rs 639 crore in the nine months ending December FY25. The remaining operating revenue came from the sale of products to customers and professionals, amounting to Rs 207 crore during the same period. In addition to selling white-label products for salon services, the company also supplies locks, panels, and water filtration (RO) systems, which increased 7X to Rs 75.8 crore in 9M FY25 from Rs 10.8 crore in 9M FY24. Importantly, Urban Company’s international business accounts for Rs 116.4 crore of revenue during the first three quarters of FY25. It also added Rs 84.2 crore from other income (interest income on zero-coupon bonds and fixed deposits), which took the overall revenue to Rs 930 crore in the first nine months of the last fiscal year. On the expense side, employee benefits accounted for 28.5% of the overall expenditure, which stood at Rs 258 crore during the first nine months of FY25. Urban Company spent Rs 160 crore on advertising and promotional activities and Rs 148 crore on procurement costs during the same period. The incentive given to professionals, outsourced support, cost, freight, warehousing, legal, and other overheads took the overall expenditure up by 23.2% to Rs 903 crore in 9M FY25 from Rs 733 crore in 9M FY24. A combination of over 40% revenue growth and tighter cost controls helped Urban Company swing to a profit before tax of Rs 27.1 crore in the first nine months of FY25, compared to a loss of Rs 57.7 crore during the same period last year. The company’s Return on Capital Employed (ROCE) improved to 1.84%, while its EBITDA margin rose to 6.78%. At the unit level, Urban Company spent Rs 1.07 to generate a unit of operating revenue. As of December 2024, its total current assets stood at Rs 1,514 crore, including Rs 591 crore in cash and bank balances. Urban Company plans to raise Rs 1,900 crore through its initial public offering (IPO), comprising a fresh issue of Rs 429 crore and an offer for sale (OFS) worth Rs 1,471 crore. The price band for the Tiger Global-backed company is yet to be announced. As part of the OFS, investors including Accel, VY Capital, Prosus, Bessemer, and Elevation Capital will divest a portion of their holdings.

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