Urban Company IPO: GMP jumped 34%, should you subscribe or not? Brokerages tell

News Topical, Digital Desk : Urban Company IPO: Gurugram-based Urban Company's IPO is open for subscription from September 10 to September 12. The company is planning to raise a total of Rs 1,900 crore from this issue. The price band of this issue has been fixed from Rs 98 to Rs 103 per share (Urban Company IPO Price Band). Investors can apply for a minimum of 145 shares. Based on the upper price band, the valuation of the company is around Rs 14,790 crore.

Urban Company IPO
According to GMP Market Observers, shares of Urban Company are at a 34 per cent premium in the grey market. Investorgain has reported its premium to be Rs 35 per share, which can give a profit of up to 34 per cent on listing. The allotment of the IPO will be decided on September 15 (Urban Company IPO Allotment) and the company's shares are likely to be listed on BSE and NSE on September 17, 2025 (Urban Company IPO Listing). Brokerage House Opinion - SBI Securities: Subscribe for Long Term SBI Securities has given it a rating of 'Subscribe for long term'. In its note, the brokerage has mentioned the company's wide portfolio of home services that meet the changing needs of urban customers. The company's Net Transaction Value (NTV) and Revenue have grown at 25.5 per cent and 34.1 per cent CAGR respectively during the financial year 2023-25. Anand Rathi: Subscribe - Long Term Anand Rathi has also given a similar opinion. This IPO was given a 'Subscribe - Long Term' rating. Urban Company operates a multi-category, hyperlocal marketplace for home and beauty services. Its in-house training programs and service standards contribute to high service quality. Mehta Equities: Subscribe for Long Term (with risk) Mehta Equities has also advised investing in the IPO, although with some caution. Rajan Shinde, Research Analyst at Mehta Equities, considers Urban Company to be a leading tech-enabled platform, which has operations in more than 12,000 micro markets in India and select international regions. 

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