New Delhi, September 17 (Udaipur Kiran): Online marketplace Urban Company, known for home and beauty services, made a strong entry on the stock market today, rewarding its IPO investors with solid gains.

The company had issued its shares at ₹103 in the IPO. On debut, the stock listed at ₹161 on the BSE (a 56% premium) and ₹162.25 on the NSE. Following the listing, strong buying support pushed the stock further upward, and by 10:30 am, it was trading at ₹172.15, giving IPO investors a 67.14% return on listing day.

Urban Company’s IPO, worth ₹1,900.24 crore, was open for subscription between September 10 and 12 and received an overwhelming response from investors. Overall, the issue was subscribed 108.98 times.

Break-up of subscriptions:

• Qualified Institutional Buyers (QIBs): 147.35 times

• Non-Institutional Investors (NIIs): 77.82 times

• Retail Investors: 41.49 times

• Employees: 42.55 times

Under the IPO, ₹472.24 crore worth of fresh shares were issued, while 13,86,40,774 shares of face value ₹1 were sold through the Offer for Sale (OFS) route. Proceeds from the fresh issue will be used to acquire new technology and cloud infrastructure, lease office spaces, fund marketing, and meet general corporate purposes.

Financial Performance

According to the company’s prospectus, its financial position has shown steady improvement.

• In FY 2022-23, the company posted a net loss of ₹312.48 crore.

• In FY 2023-24, the loss narrowed to ₹92.77 crore.

• In FY 2024-25, Urban Company turned profitable, reporting a net profit of ₹239.77 crore.

Meanwhile, revenue grew at a compound annual growth rate (CAGR) of over 31%, reaching ₹1,260.68 crore in FY 2024-25. The company’s reserves and surplus also improved, rising from ₹2,402.82 crore at the end of FY 2022-23, to ₹2,404.69 crore in FY 2023-24, and further to ₹2,646.12 crore in FY 2024-25.