Urban Company Ltd. IPO

Urban Company has filed for a Rs 1,900 crore IPO, comprising a fresh issue of shares worth Rs 429 crore and an offer for sale (OFS) of Rs 1,471 crore by existing investors, including Accel, Elevation Capital, Tiger Global, Vy Capital, and Bessemer. Proceeds will be allocated to technology development and cloud infrastructure (Rs 190 crore), office lease payments (Rs 70 crore), and marketing (Rs 80 crore). As of December 2024, Urban Company operates in 59 cities across India and international markets, with FY25 operating revenue of Rs 846 crore and a net profit of Rs 242 crore, reflecting strong growth and profitability.