Shares of Urban Company made a stellar debut on Wednesday, September 17, surging 57.52% to Rs 162.25 on the NSE, marking one of the strongest listings of 2025. The stock jumped Rs 59.25 from its issue price in early trade, signaling strong investor demand for the home services marketplace.
According to its financials disclosed in the Red Herring Prospectus, Urban Company reported a net profit of Rs 290 crore for the year ended March 2025, a massive 2,690.9% growth year-on-year. Revenue for the same period stood at Rs 910 crore, reflecting a 32.4% annual growth.
The IPO was managed by leading book running lead managers (BRLMs) — Goldman Sachs (India) Securities, Kotak Mahindra Capital, JM Financial, and Morgan Stanley India.
Urban Company has marked several milestones in its journey: launching home services in Dubai in 2018, signing an MoU with NSDC in 2019, rebranding in 2020, introducing Native Water Purifiers in 2023, and forming a JV with Saneem Investment Company in Saudi Arabia in 2024. The company also partnered with NITI Aayog last year to scale women-led MSMEs across India.
However, the company has flagged key risks in its prospectus, including competition from offline service providers and low online penetration in its target markets, which could affect demand.
At the time of writing, Urban Company shares were trading at Rs 162.25, up 57.52% in early trade, giving investors a strong listing gain.
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