The share allotment has been finalised and applicants can check their allotment status either through the registrar, MUFG Intime India, or directly via the BSE platform. Here’s how:
Through MUFG:
– Visit the MUFG Intime India IPO allotment page.
(https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
– Select Urban Company IPO from the dropdown menu.
– Enter either your PAN or application number.
– Click on submit.
– The portal will display whether shares have been allotted to you and the number of shares credited.
Through BSE:
– Go to the BSE IPO allotment page
(https://www.bseindia.com/investors/appli_check.aspx)
– Select Equity under issue type.
– From the dropdown, choose Urban Company
– Enter your application number and PAN.
– Click Search.
Urban Company GMP
Ahead of the listing tomorrow, Urban Company’s IPO’s grey market premium (GMP) is Rs 52. With the issue price set at Rs 103, the stock is expected to list around Rs 155. This implies an estimated gain of about 54.37% per share. However, investors should note that GMP is driven by market sentiment and can fluctuate sharply. It serves as an indicative figure and may not accurately reflect the actual listing price.
What are experts saying?
While near-term valuations appear stretched, Urban Company’s leadership in a largely unorganized Rs 60 billion home services market and its ability to scale new categories offer significant structural growth potential.
“The robust response is well-supported from a long-term investment perspective. Urban Company is currently the only organized player in the tech-driven online home services marketplace, enjoying a leadership position across 51 cities in India, as well as in international markets like the UAE and Singapore. Urban Company presents a compelling long-term structural story and can serve as a proxy for the growing demand in the home services segment across its key geographies,” analysts at Mehta Equities said.
Company overview
Founded in 2014, Urban Company operates across two segments—beauty and wellness (salon, spa, laser hair reduction) and home repairs and maintenance (plumbing, electrical, carpentry, cleaning, pest control, appliances, painting).
The company reported 38% growth in operating revenue to Rs 1,144 crore in FY25 and swung to a net profit of Rs 240 crore, compared with a Rs 93-crore loss in FY24.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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