Urban Company IPO subscribed nearly 104 times day 3: Check allotment date and steps

Urban Company IPO day 3: The initial share sale is looking to raise ₹1,900 crore by issuing 4.58 crore new shares worth ₹472 crore and an offer for sale of ₹1,428 crore. Urban Company IPO: The initial public offering of Urban Company Ltd conclude on Friday, September 12, it will be followed by share allotment before listing on stock exchanges. The initial share sale is looking to raise ₹1,900 crore by issuing 4.58 crore new equity shares worth ₹472 crore and an offer for sale of ₹1,428 crore. The price band has been kept in the range of ₹98 to ₹103 per share, and a lot includes 145 shares. Urban Company IPO: Objectives | Fresh issue proceeds use | Estimated Amount (in ₹crore) | |--------------------------------------------------------------------------|---------------------------------| | Expenditure for new technology development and cloud infrastructure | 190 | | Expenditure for lease payments for our offices | 75 | | Expenditure towards marketing activities | 900 | | General corporate purposes | -- | Accel India and Elevation Capital, VYC11 Ltd, Bessemer India Capital Holdings II Ltd, and Internet Fund V Pte Ltd are selling their stake under the OFS route. Urban Company IPO: Subscription status The offer secured bids for 11,06,46,08,960 shares compared to 10,67,73,244 shares on offer, translating to a 103.63 times subscription on Friday, September 12, the final day of bidding. | Category | Subscription Status | |-----------------------------|----------------------| | Qualified Institutional Buyers (QIBs) | 140.20 times | | Non-Institutional Investors | 74.04 times | | Retail Investors | 39.25 times | | Total | 103.63 times | Urban Company provides home and beauty services, connecting users to professionals offering services like cleaning, plumbing, AC repair, electric work, salon, beauty and more. Urban Company IPO allotment date The basis of allotment of Urban Company IPO is likely to be finalised on Monday, September 15. The details will be out on the portals of NSE, BSE and MUFG Intime India. BUZZING | Tata Capital IPO likely to launch in early October 2025, aims to raise over ₹17,000 crore How to check Urban Company IPO allotment on NSE Visit NSE’s allotment page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids Click on ‘Equity & SME IPO bid details’ Choose ‘Urban Company’ under the symbol ‘URBANCO’ Enter your PAN as well as application number Press submit Steps to check Urban Company IPO allotment on BSE Go to BSE's IPO allotment website at https://bseindia.com/investors/appli\_check.aspx Select ‘Equity’ as the issue type Pick ‘Urban Company Ltd’ from the 'Issue Name' list Mention PAN or IPO application number Hit the 'Search' button Urban Company IPO allotment on MUFG Intime India; check steps Go to the allotment status page: https://in.mpms.mufg.com/Initial\_Offer/public-issues.html Select 'Urban Company Limited' from IPO names Add: Application No, PAN, DP/Client ID or Account No/IFSC Click on the ‘Submit’ button Urban Company IPO GMP According to investorgain.com and media reports, unlisted shares of Urban Company are trading at ₹146 per share, reflecting a grey market premium, or GMP, of 41.75% over the upper price band of ₹103. Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions. To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page. To add Upstox News as your preferred source on Google, click here.