Urban Company IPO Allotment Highlights: The Urban Company IPO investors are keenly awaiting the listing tomorrow, September 17. The issue was subscribed 103.63 times in total.
Urban Company IPO: Subscription details
Breaking it down across all investor categories, the retail investors subscribed their portion 39.25 times. On the other hand, the Non-Institutional Investors (NIIs) subscribed 74.04 times. The highest demand came from Qualified Institutional Buyers (QIBs), who bid 140.2 times the shares reserved for them.
Urban Company IPO: Fundraising and issue structure
The Rs 1,900 crore IPO was a mix of a fresh issue and an offer-for-sale. The fresh issue comprised of a 4.58 crore shares worth Rs 472 crore. Meanwhile, the offer-for-sale portion saw 13.86 crore shares, amounting to Rs 1,428 crore.
The company has said the funds will be used for marketing, technology upgrades, and other corporate purposes.
Urban Company IPO: Grey market buzz
In the unofficial market, Urban Company shares are making noise in the grey market. The stock is trading at around Rs 171.5 per share in the unofficial market. This is about Rs 68.5 higher than the upper end of the price band of Rs 98–103. The premium hints at potential listing gains of nearly 66.5%. However, this is not the official listing price and can fluctuate based on the market conditions.
Urban Company IPO: Checking the allotment status
Once the allotment is finalised, investors can check their status online. Applicants can now check if they have received shares through BSE, NSE, or the registrar’s portal, MUFG Intime.
Urban Company IPO GMP, Allotment, Listing Date Highlights: Here’s how to check the Urban Company IPO Allotment Status, GMP, Price Band Online.
Urban Company IPO GMP, Allotment Live: GMP update
Ahead of its listing, Urban Company’s shares are active in the unlisted market. The stock is trading at Rs 171.5 per share in the grey market, which is about 66.50% higher than the IPO’s upper price band of Rs 103.
Urban Company IPO GMP, Allotment Live: Key dates after subscription
The Urban Company IPO was open for investors from September 10 to September 12. With the bidding process now closed, the next step will be the allotment of shares.
According to the schedule, refunds for those who do not receive shares will begin on September 16, and successful bidders will see shares credited to their Demat accounts on the same day.
Urban Company IPO GMP, Allotment Live: SBI Securities on Urban Company IPO
SBI Securities brokerage reports see potential for long-term investors. According to the brokerage house IPO note, “UCL provides a range of household services, catering to requirements of urban consumers. It has a large addressable market currently being catered to by the unorganized industry. Net Transaction Value (NTV)/Revenue for the company has grown at a CAGR of 25.5%/34.1% over FY23-25. Profitability is on an improving trend and is expected to breakeven at the EBITDA level in FY26E.”
“At the upper band of the issue price, UCL is valued at 12.9x P/S on post-issue capital. We recommend subscribing to the issue with a long-term investment horizon,” added the brokerage in its IPO note.
Urban Company IPO GMP, Allotment Live: Subscription overview
The Urban Company IPO saw a massive rush of investors. The issue was subscribed nearly 109 times in total. Against 10.15 crore shares on offer, the IPO received bids for over 110.6 crore shares.
Qualified Institutional Buyers (QIBs) led the way with bids 147.35 times their allotted quota. Non-Institutional Investors (NIIs) followed, subscribing 77.82 times. Retail investors also showed strong interest, with their portion subscribed 41.5 times.