Urban Company India IPO to open Sept. 10, close Sept. 12: RHP

Urban Company India IPO to open Sept. 10, close Sept. 12: RHP

The Securities and Exchange Board of India (SEBI) has approved the Initial Public Offering (IPO) of Urban Company, a prominent consumer and technology-driven firm. The IPO is set to open on September 10 and close on September 12, as per the company's Red Herring Prospectus (RHP) [3].

Urban Company, backed by prominent investors such as Tiger Global and Accel, plans to raise ₹1,900 crore from the IPO. The offering includes a fresh issue of ₹429 crore and an Offer for Sale (OFS) route, where existing investors will offload ₹1,471 crore of shares [1]. The company filed its draft red herring prospectuses between March and June, with the regulator's observation letters issued between August 1 and August 29, allowing it to proceed with its IPO plans.

The IPO comes at a time of strong activity in India's capital markets. In 2025, 50 companies have debuted, with over a dozen doing so in just August, reflecting robust investor interest [1]. This trend is expected to continue, with SEBI approving IPOs for 13 companies, including Urban Company and Imagine Marketing (parent of boAt), potentially enabling primary issuance worth Rs 15,000 crore in the coming months [3].

Urban Company's IPO is a significant event in India's financial sector, with the company targeting a mix of fresh shares and an OFS route to raise funds. The company's strong financials and growth strategy are expected to attract investors, with the IPO set to open on September 10 and close on September 12.

References:
[1] https://hdfcsky.com/news/sebi-clears-ipo-plans-of-13-firms-including-urban-company
[2] https://economictimes.indiatimes.com/markets/ipos/fpos/tata-capital-sets-stage-for-usd-2-bn-ipo-after-global-roadshows-valuation-seen-at-18-billion/articleshow/123657209.cms
[3] https://www.business-standard.com/markets/ipo/sebi-approves-13-ipos-including-urban-company-and-boat-parent-125090200749_1.html