Urban Company IPO - Listing Performance & Details

Urban Company Limited (formerly UrbanClap Technologies India Limited) was incorporated in December 2014 and is headquartered in Gurugram, Haryana. It works in the consumer services sector as a technology-driven, full-stack online marketplace for home and beauty services.

The company connects users with trained service professionals across categories including home cleaning, appliance repair, pest control, and at-home beauty and salon treatments, and also sells its own native water purifier along with other products to service professionals. As of June 2025, it operated across 51 cities in India, the UAE and Singapore, in addition to a joint venture in Saudi Arabia, serving 6.8 million annual transacting users across 17 service categories. The company was founded by Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan, who together held about 20% of the company on a fully diluted basis as of February 2025.

Revenue from operations rose 38% to Rs 1,144.46 crore in FY25 from Rs 826.97 crore in FY24, with the company posting its first annual consolidated net profit of Rs 239.76 crore in FY25 (aided by a deferred tax credit of Rs 211 crore) against a net loss of Rs 92.77 crore in FY24, as per the company's annual report cited in the RHP. The IPO was a mainboard book-built issue of about Rs 1,900 crore on the NSE and BSE, comprising a fresh issue of Rs 429 crore and an offer for sale of Rs 1,471 crore by existing investors including Accel, Elevation Capital and Tiger Global, priced at Rs 98-103 per share, and it listed in September 2025. Net proceeds from the fresh issue were earmarked for technology and cloud infrastructure development (Rs 190 crore), office lease payments (Rs 70 crore), and brand-building and marketing activities (Rs 80 crore).