The Gurugram-based company will launch its Rs 1,900-crore initial public offering (IPO) on September 10. This includes Rs 472 crore in fresh issue and Rs 1,428 crore in offer for sale by investors Accel, Elevation Capital, Tiger Global, Vy Capital and Bessemer Venture Partners.
Of its total anchor book, domestic mutual funds including SBI MF, ICICI Prudential, Nippon MF, HDFC MF and Aditya Birla Sun Life have invested a total of Rs 316 crore in Urban Company.
Urban Company has set a price band of Rs 98-103 per share for its IPO.
The company also closed a Rs 500-crore secondary sale last week. SBI Mutual Fund and Permira (new investors) bought shares at Rs 103 apiece from early investors Tiger Global and Accel. Existing investors, Prosus and Elevation Capital, also increased their positions ahead of the IPO.
At Rs 103 per share, Urban Company is valued at Rs 15,000 crore (around $1.8 billion). Fiscal 2025 marked its first full year in profit, with revenue of Rs 1,144 crore and a profit after tax of Rs 240 crore.
The company, which was adjudged Startup of the Year at the ET Startup Awards 2025, will list its shares on the bourses on September 17.
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