Urban Company GMP at nearly 70% on allotment day. Here’s how you to check status – News Air Insight

Given the strong subscription for the IPO on the final day, Urban Company is also getting heavy interest for its shares in the grey market. The GMP, which started at around Rs 10 when the issue was announced, soared to Rs 70 in the unlisted market. This indicates a robust premium of nearly 68% over the issue price of Rs 103. If the current trends sustain, the shares could get a multibagger listing. The company will finalise the share allotment for the IPO today.

Investors can check the allotment status through the registrar website or on the BSE exchange.

To check on the registrar website, 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.For BSE: Visit the BSE IPO allotment page (https://www.bseindia.com/investors/appli_check.aspx)Select Equity and Urban Company

Enter your application number and PAN.

Despite analysts terming the IPO a high-risk, high-reward bet, the issue was subscribed by an overwhelming 103 times. The demand was led by institutional investors and non-institutional investors.

Also Read: How Sebi’s new IPO rules could be a game changer for Reliance Jio and NSE

At the upper price band of Rs 103, the IPO is asking for a market cap of Rs 14790 crore. Based on FY26E annualized earnings and the fully diluted post-IPO capital, the company is asking for a market cap-to-sales multiple of 10x, which appears fully priced given current financials.

Investors who believed in the company’s ability to scale sustainably as online penetration deepens might have applied for the IPO, but the post-listing gains will depend on how the company will be able to sustain its financial performance and grow its business.

Several marquee investors like Accel, Elevation Capital who backed the company in early years are already sitting on multifold returns. The company’s IPO is a first of its kind given its niche operating model of home services market place.

Urban Company operates its platform on a hyperlocal model, dividing cities into over 12,000 micro-markets, each covering a 3–5 km radius, to reduce travel distance for professionals and enable faster service fulfilment.

This structure allows the platform to benefit from strong network effects, as deeper penetration and scale improve efficiency and enhance value for both consumers and service providers.

The company also invests heavily in training and upskilling its service professionals through 339 trainers, 247 classrooms, and category-specific programs, ensuring quality delivery. Professionals keep 72% of service fees, with high performers (30+ orders/month) earning Rs 33,600 on average in FY25.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)