Urban Company Limited (formerly UrbanClap) is a technology-driven full-stack online services marketplace offering a wide range of home and beauty services. The company operates across 51 cities in India, UAE, and Singapore, while its joint venture covers operations in Saudi Arabia.
The platform connects customers with trained and independent service professionals, providing services such as home cleaning, appliance repair, pest control, plumbing, carpentry, painting, beauty and wellness, grooming, and massage therapy. It also introduced InstaHelp (on-demand home assistance) and Native-branded products, including water purifiers and electronic door locks, expanding into home solutions.
Urban Company emphasizes quality, standardization, and reliability through background verification, training, technology tools, consumables, financing, and branding support for its professionals. This enables service partners to improve skills, enhance earnings, and deliver consistent customer experiences.
The company operates through three business segments:
- India Consumer Services – home, beauty, and wellness services.
- Native Products – smart home solutions such as RO water purifiers and electronic door locks.
- International Business – operations in UAE, Singapore, and KSA (through JV).
With India’s home services market valued at US$60 billion in FY2025 and expected to grow at a CAGR of 10–11% to US$100 billion by FY2030, Urban Company is well-positioned to capitalize on the rising trend of urbanization, digital adoption, and demand for organized service providers.
Urban Company IPO – Details
| IPO Opening Date | 10 September 2025 |
| IPO Closing Date | 12 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 18,44,66,018 Shares Worth ₹1,900.00 Crore Fresh Issue: 4,58,25,242 Shares Worth ₹472.00 Crore Offer For Sale: 13,86,40,776 Shares Worth ₹1,428.00 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹98 – ₹103 per share |
| Market Lot | 145 Shares |
| Min Order | 145 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Urban Company IPO – Date Schedule
| IPO Open Date | 10 September 2025 |
| IPO Close Date | 12 September 2025 |
| Basis of Allotment | 15 September 2025 |
| Initiation of Refund | 16 September 2025 |
| Credit of Shares to Demat Account | 16 September 2025 |
| IPO Listing Date | 17 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2025 |
Urban Company IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 145 | ₹14,935 |
| Retail (Max) | 13 | 1,885 | ₹1,94,155 |
| S-HNI (Min) | 14 | 2,030 | ₹2,09,090 |
| S-HNI (Max) | 66 | 9,570 | ₹9,85,710 |
| B-HNI (Min) | 67 | 9,715 | ₹10,00,645 |
Competitive Strength
- The multi-category, hyperlocal, home services marketplace benefits from network effects.
- Established brand trusted by consumers.
- Improved quality of service professionals through in-house training and access to tools and consumables.
- Robust technology platform powering service fulfilment, consumer growth and service professional empowerment.
Company Promoters
- Abhiraj Singh Bhal
- Raghav Chandra
- Varun Khaitan
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | ₹726.24 Cr | ₹1,038.68 Cr | – ₹312.48 Cr | ₹2,402.82 Cr |
| 31 March 2023 | ₹927.99 Cr | ₹1,020.72 Cr | – ₹92.77 Cr | ₹2,404.69 Cr |
| 31 March 2024 | ₹1,260.68 Cr | ₹1,223.48 Cr | ₹239.77 Cr | ₹2,646.12 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | 13.35% |
| PAT Margin | – |
| EBITDA Margin | – |
| Price to Book Value | 8.27 |
| Pre IPO | Post IPO | |
| EPS (₹) | 1.72 | 1.67 |
| P/E (x) | 59.71 | 61.68 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Expenditure for new technology development and cloud infrastructure. | ₹190.00 |
| Expenditure for lease payments for the offices. | ₹75.00 |
| Expenditure towards marketing activities. | ₹90.00 |
| General corporate purposes. |
Urban Company IPO Peer Comparison
- There are no listed companies in India or globally that operate in a similar business model to Urban Company.
✅Strengths
- Market leader in full-stack home services.
- 54,000+ active service professionals with higher earnings than offline peers.
- Strong tech backbone with AI tools, training, and branded products.
- Huge growth potential – $59.2B market in 2024, expected to reach $97.4B by 2029.
⚠️Risks
- Profitability not consistent – negative margins and high acquisition costs.
- Heavy reliance on service professionals; risk of off-platform transactions.
- Rising competition from offline providers and emerging online players.
- Overseas expansion challenges – limited control in Saudi JV, regulatory hurdles.
Urban Company IPO Promoter Holding
| Pre Issue Share Holding | 21.10% |
| Post Issue Share Holding | 20.43% |
Urban Company IPO Prospectus
Company Contact Information
| Urban Co.Ltd. Unit No. 8, Ground Floor, Rectangle 1, D-4 Saket District Centre Delhi, New Delhi, 110017 Phone: +91 124 405 8254 Email: cs@urbancompany.com Website: https://www.urbancompany.com/ |
Urban Company IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: urbancompany.ipo@in.mpms.mufg.com Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Urban Company IPO Lead Manager(s)
| 1. JM Financial Limited 2. Kotak Mahindra Capital Company Limited 2. Morgan Stanley India Company Private Limited 3. Goldman Sachs (India) Securities Private Limited |
Urban Company IPO FAQs
| What is Urban Company’s IPO? Urban Company IPO is a main-board IPO. The issue is priced at ₹98 to ₹103 per equity share. The IPO is to be listed on BSE & NSE. |
| When will Urban Company’s IPO open? The IPO is to open on 10 September 2025 for QIB, NII, and Retail Investors. |
| What is Urban Company’s IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| What is Urban Company’s IPO Size? Urban Company IPO size is ₹1,900.00 Crore. |
| What is the Urban Company IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 145 Shares with ₹14,935, while the maximum bid is 1,885 Shares with ₹1,94,155. |
| What is the Urban Company IPO Allotment Date? Urban Company IPO allotment date is 15 September 2025. |
| What is the Urban Company IPO Listing Date? Urban Company IPO listing date is 17 September 2025. The IPO is to be listed on BSE and NSE. |
