Big News for Urban Company IPO Investors
Finally, the wait is over! The Urban Company IPO allotment has been finalised today (Sept 15). And guess what? The stock will make its grand entry on the stock market on Sept 17.
If you applied, today is the day to check whether luck was on your side. You can check your status easily on BSE, NSE, or the registrar MUFG Intime portal.
IPO Subscription Madness
The Urban Company IPO was nothing less than a blockbuster. Between Sept 10 to 12, investors went all out.
- Overall, the IPO was subscribed 103.63 times.
- Retail investors? They jumped in 39.25 times.
- Non-Institutional Investors (NIIs)? A crazy 74.04 times.
- But the real champs were the Qualified Institutional Buyers (QIBs), who oversubscribed their portion 140.2 times!
In short, demand was so high that even samosa sellers outside stock exchanges would have been shocked.
How Much Money Did They Raise?
Urban Company planned a ₹1,900 crore IPO. Out of this:
- Fresh issue: ₹472 crore (about 4.58 crore shares)
- Offer for sale: ₹1,428 crore (about 13.86 crore shares)
And the company says they’ll use this money for marketing, tech upgrades, and other business needs. Translation: more ads, better app, and smoother service when you book a plumber at midnight!
Grey Market Chatter
Now, let’s talk about the grey market premium (GMP) – the unofficial price that gets everyone excited.
Urban Company shares are buzzing in the grey market at ₹171.5 per share, which is almost ₹68.5 higher than the official price band of ₹98–103.
This means the expected listing gain could be around 66.5%. But remember – this is the grey market, not the actual listing price. Markets can flip faster than Indian traffic lights.
How to Check IPO Allotment Status
If you applied, here’s how you can check:
- Visit BSE or NSE website, or go to MUFG Intime portal.
- Enter your PAN number, application number, or client ID.
- Hit submit and see if you got the golden ticket (allotment).
Final Word
Urban Company IPO is all set for a Sept 17 stock market debut. With strong demand, sky-high subscription, and an exciting grey market buzz, investors are keeping their fingers crossed for a bumper listing.
