Urban Company IPO: The three-day subscription for the initial public offering (IPO) of Urban Company Limited will open on September 10. The Urban Company IPO subscription will close on September 12. The Gurugram-based company plans to raise Rs 472 crore through selling new shares, and existing investors plan to sell stakes worth Rs 1,428 crore.
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.
Urban Company IPO Anchor Investors
The bidding for anchor investors will open on September 9.
Urban Company IPO Price Band
Urban Company IPO has fixed the price band at Rs 98 to Rs 103 per equity share.
Urban Company IPO Issue Size
The company said that 75 per cent of the issue size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. Further, investors can bid for one lot of 145 shares and then in multiples of 145 thereafter.
Urban Company IPO Registrar
MUFG Intime India Private Limited (formerly as Link Intime India Private Limited) is the registrar for Urban Company IPO.
Urban Company IPO Face Value, Tick Size
The face value and tick size of Urban Company IPO is Re 1.
Story continues below this ad
Urban Company IPO Allotment Date
According to the details available, the Urban Company IPO allotment is expected to finalise on September 15.
Urban Company IPO Listing Date
Urban Company Limited’s shares are proposed to be listed on NSE, and BSE. The listing will likely take place on September 17.
Urban Company IPO Book Running Lead Managers
Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities and JM Financial are the book-running lead managers to the issue.
Urban Company IPO Sponsor Banks
ICICI Bank Limited and Axis Bank Limited are the Sponsor Banks for Urban Company IPO.
Story continues below this ad
About Urban Company Limited
Urban Company operates a technology-driven, full-stack online marketplace for quality-driven services and solutions across various home and beauty categories. Apart from India, it has a presence in the United Arab Emirates, Singapore, and the Kingdom of Saudi Arabia. Its platform enables consumers to easily order services, including cleaning, pest control, electrician, plumbing, carpentry, appliance servicing and repair, painting, skincare, hair grooming and massage therapy. These services are delivered by trained and independent service professionals at the consumers’ convenience.
(With inputs from PTI)
