Urban Company IPO GMP Today: Strong Retail Interest Fuels Day 2 Subscription; How Much Issue Has Been Booked?

Urban Company IPO GMP Today: The initial public offering (IPO) of Urban Company Limited, an app-based beauty and home services platform, is attracting strong investor interest. The Urban Company IPO was subscribed to around 5.35 times on day 2 of its subscription, ie Thursday, September 11.

The IPO has been receiving strong interest from investors, especially in the retail category. Urban Company's IPO was fully subscribed in an hour on the first day of its subscription. On Day 2, how much Urban Company IPO has been subscribed? What is Urban Company IPO GMP today (grey market premium)? Here are answers to all your questions related to Urban Company IPO.

Urban Company IPO GMP Today

The Urban Company IPO Grey Market Premium (GMP) stood at Rs 38, according to investorgain.com. The IPO listing is expected for Rs 141 per share ( which is the sum of IPO GMP today and its price cap).

Urban Company IPO GMP hints at a strong listing with an expected percentage gain or loss per share of 36.89%. The lowest GMP of the IPO is at Rs 10 and the highest is Rs 39.

Urban Company IPO Subscription Status Day 2

The IPO has been subscribed to around 5.35 times, which includes 1.38 times subscription in the QIB category, 8,83 times subscription in the NII category, and 11.98 times subscription in the retail investors category, according to Chittorgarh.com.

The issue was subscribed around 3.29 times on day 1, which included 1.37 times subscription in the QIB category, 4.37 times subscription in the NII category, 7.39 times subscription in the retail category.

Urban Company IPO Details

Urban Company is planning to raise an issue of Rs 1,900 crore with IPO. The subscription will open on Wednesday. It consists of Rs 472 crore of fresh issue and Rs 1,428 crore offer for sale.The company has fixed the price band between 98-103 per share. The retail investors can apply to the Urban Company with a minimum application of one lot. A single lot comprises of 145 shares, equivalent to Rs 14,935.

For Urban Company, SBI Securities recommend investors to subscribe the issue for long-term gains.
"UCL provides a range of household services, catering to requirements of urban consumers. It has a large addressable market currently being catered to by the unorganized industry. Net Transaction Value (NTV)/ Revenue for the company has grown at a CAGR of 25.5%/34.1% over FY23-25. Profitability is on an improving trend and is expected to breakeven at the EBITDA level in FY26E. At the upper band of the issue price, UCL is valued at 12.9x P/S on post issue capital. We recommend subscribing to the issue with a long-term investment horizon," noted SBI Securities.

"For investors, Urban Company IPO is a high-risk, high-reward bet, suitable only for those with a long-term horizon who believe in the company's ability to scale sustainably as online penetration deepens. Our stance would be to 'apply with caution,' given the growth potential but stretched valuations," noted Gaurav Garg, Lemonn Markets Desk.