Live: Urban Company’s Rs 1,900 Cr IPO Opens| Mgmt Outlines Future Plans & Growth Roadmap| IPO Watch

Urban Company’s Rs 1,900 cr has kicked off for subscription. The price band of the IPO has been fixed in the range of Rs 98 and Rs 103 per share. Its lot size has been fixed at 145 shares, ie investors will have to apply for a minimum 145 shares and in multiple thereof. The company plans to use funds raised through the fresh issuance for new technology development and cloud infrastructure, lease payments for its offices, marketing activities, and general corporate purposes. It has raised Rs 854 cr via the anchor book. Marquee global investors like Citigroup Global, Goldman Sachs, Government of Singapore, Ashoka Whiteoak, Government Pension Fund Global, Nomura, Amundi Funds, Florida Retirement System, Steadview Capital, and Steinberg India became shareholders in the Gurugram-based company by investing via anchor book. SBI Mutual Fund, ICICI Prudential MF, HDFC AMC, Fidelity, Nippon Life, Aditya Birla Sun Life AMC, UTI AMC, SBI Life, ICICI Prudential Insurance Company, Bajaj Allianz Life, Sundaram MF, Abakkus Asset Manager are among the domestic institutional investors who also participated in the anchor book. Catch Abhiraj Singh Bhal, CMD & CEO of Urban Company, in an exclusive conversation with Nandita Khemka on the company’s growth strategy and future roadmap.

Moneycontrol News

September 10, 2025 / 11:25 IST