Urban Company IPO Opens on September 10: Price Band, Dates, GMP, and Key Investor Details

The promoters of Urban Company and notable investors like Accel India, Elevation Capital, Bessemer India, VY Capital, and Tiger Global have seen a significant increase in the value of their holdings since the company revealed that the price range for its next public offering would be INR 98–103 per share. Opening on 10 September and closing on 12 September, the IPO aims to raise around INR 1,900 crore.

Promoter and Investor Gains

Around 9.77 crore shares, purchased at minimal cost, are held by promoters Abhiraj Singh Bhal, Chairperson, Managing Director, and Chief Executive Officer; Raghav Chandra, Executive Director, and Chief Technology and Product Officer; and Varun Khaitan, Executive Director, and Chief Operating Officer. Their respective holdings are now worth little more than INR 1,000 crore apiece, a more than 10,000-fold increase in value.

Private Equity Investors to Reap Gains

Accel India IV, which holds 14.52 lakh shares that were bought at an average price of INR 3.77, has seen the value of its holding increase from INR 55 crore to approximately INR 1,500 crore, a huge gain of more than 26 times. Private equity investors are also expected to make significant returns.

With 9.47 crore shares purchased at INR 7.14, Bessemer India Capital Holdings has increased its investment by approximately 13 times, from INR 68 crore to INR 976 crore. Formerly SAIF Partners, Elevation Capital now owns 15.9 crore shares that were purchased at INR 5.39, increasing in value by roughly 18 times from INR 85.7 crore to INR 1,638 crore.

The value of the stake has increased by 67%, from INR 375 crore to Rs 627 crore, after Internet Fund bought 6.08 crore shares at INR 61.65. With 13.46 lakh shares purchased at INR 20.40, VYC11 has seen a 400% increase in value, going from INR 275 crore to INR 1,386 crore.

Urban Company’s Business Model & Expansion

The largest tech-enabled home services marketplace in India was established in 2014 and is based in Gurugram. It operates in 51 locations around India, the United Arab Emirates, and Singapore.

Cleaning, pest control, plumbing, electrical work, beauty and wellness services, and appliance repair are all included in Urban Company’s repertoire. Under its “Native” brand, the company has expanded into residential solutions during the last two years, launching items like electronic door locks and water purifiers.

The IPO’s proceeds will be used for marketing costs, office lease payments, cloud and technology infrastructure, and other general business needs. In the quarter that ended in June 2025, Urban Company reported a net profit of INR 6.9 crore, which was 45% less than the INR 12.6 crore it made in the same quarter the previous year.

A joint venture loss of INR 8.6 crore, poor operating metrics, and increased expenses were the causes of the decline. EBITDA loss increased to INR 4.8 crore from INR 3.36 crore, while revenue increased 30.8% year over year to INR 367.3 crore from INR 280.9 crore.