Consumer services provider Urban Company Ltd. has fixed a price band of ₹98 to ₹103 per share for its upcoming ₹1,900 crore initial public offering (IPO).
Investors can bid for one lot of 145 shares and in multiples of 145 thereafter.
The company said it will raise fresh capital of ₹472 crore and offer shares worth ₹1,897.5 crore for sale, assuming the shares are subscribed at the upper limit of the price band. The company would use the proceeds of the offer to finance the creation of technology infrastructure.
The company plans to spend ₹42 crore in FY2026, ₹74 crore in FY2027 and ₹74 crore in FY2028, it said in its prospectus. It further plans to spend ₹90 crore for marketing activities and ₹75 crore for lease payment of office premises, the company said in the offer document.
Published – September 03, 2025 08:23 pm IST
