Wednesday, 17 September, 2025
Urban Company IPO Rockets 58% Above Issue Price in Year’s Most Subscribed Offering
Urban Company’s IPO opened at ₹162.25 on the NSE—58% above its issue price of ₹103—after being oversubscribed over 100×, making it the most subscribed IPO of the year. Gurugram-based home services platform gave early backers like Accel a 45× return, Elevation Capital ~30×, while Tiger Global saw more modest gains. The company plans to use the IPO proceeds for tech upgrades, infrastructure, and expansion into 200 Indian cities by FY30.
Read full story at TechCrunch