Urban Company's initial public offer to open on September 10, 2025
FinTech BizNews Service
Mumbai, September 3, 2025: Urban Company Limited (the “Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Wednesday, September 10, 2025.
Mr. Abhiraj Singh Bhal, CMD and Chief Executive Officer, Urban Company Ltd addresses the media.
The total offer size of Equity Shares aggregating up to Rs 19,000 million [Rs 1900 crore] comprises of fresh issue aggregating up to Rs 4,720 million [Rs 472 crore] and Offer for Sale aggregating up to Rs 14,280 million [Rs 1,428 crore] by Selling Shareholders. (“The Total Offer Size”).
The Anchor Investor Bidding Date shall be Tuesday, September 9, 2025. The Bid/Offer will open on Wednesday, September 10, 2025 for subscription and will close on Friday, September 12, 2025.
The Price Band of the Offer has been fixed atRs 98 to Rs 103 per Equity Share. Bids can be made for a minimum of 145 Equity Shares and in multiples of 145 Equity Shares thereafter.
A discount of Rs 9 per equity share is being offered to eligible employees bidding in the employee reservation portion
The Company proposes to utilise net proceeds from fresh issue of Equity Shares towards (i) Expenditure for new technology development and cloud infrastructure and the amount estimated to be Rs1,900.00 million [Rs190 crore], (ii) Expenditure for lease payments for its offices and the amount estimated to be Rs750.00 million [Rs75 crore], (iii) Expenditure towards marketing activities and the amount estimated to be Rs900.00 million [Rs90 crore] and (iv) General corporate purposes. (“Object of Offer”)
The offer for sale comprises of equity shares of face value Rs 1 each, aggregating up to Rs3,900 million [Rs390 crore] by Accel India IV (Mauritius) Limited, aggregating up to Rs1,730 million [Rs173 crore] by Bessemer India Capital Holdings II Ltd., aggregating up to Rs3,460 million [Rs346 crore] by Elevation Capital V Limited (formerly known as SAIF Partners India V Limited), aggregating up to Rs3,030 million [Rs303 crore] by Internet Fund V Pte. Ltd. and aggregating up to Rs2,160.00 million[Rs216 crore] by VYC11 Limited. (the “Investor Selling Shareholders”)
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited and JM Financial Limited are the Book Running Lead Managers to the issue. (The “BRLMs”)
This Equity Shares are being offered through the red herring prospectus of the Company dated September 2, 2025 (the “RHP”) filed with the Registrar of Companies, Delhi and Haryana at New Delhi “RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).
