Urban Company shares make a stellar debut, list at 58% premium over IPO price
Shares of Urban Company, India’s largest tech-enabled home services marketplace, made a stellar D-Street debut on Wednesday, listing at a 57.5% premium on NSE at Rs 162.25. On BSE, the shares debuted at Rs 161, a 56% premium over the issue price of Rs 103.
The Rs 1,900 crore IPO was subscribed over 103 times overall, led by strong demand from Qualified Institutional Buyers (QIBs), who bid 147 times, while Non-Institutional Investors subscribed 77 times and retail investors 41 times..
Priced at the upper band of Rs 103, the IPO has also attracted strong interest in the grey market, where the GMP is around Rs 52 per share. This implies a likely listing price near Rs 155 — a sharp 54% premium over the issue price — reflecting the…
