Urban Company’s much-anticipated public debut drew strong attention when the stock listed on the National Stock Exchange (NSE) on September 17, 2025. The shares opened substantially above the IPO band and settled materially higher, a result of heavy retail and institutional interest ahead of listing.
About Urban Company
Urban Company, formerly known as UrbanClap, is a home services marketplace founded in November 2014. It offers services like beauty, cleaning, appliance repair, plumbing, and other at-home services. Headquartered in Gurugram, the company has grown strongly both in India and in international markets. It rebranded from UrbanClap to Urban Company in January 2020.
Founders and Their Background
- Abhiraj Singh Bhal — Co-founder & CEO. Born 7 December 1986. Age approx 38 years. Education: BTech (Electrical Engineering) from IIT Kanpur, MBA from IIM Ahmedabad.
- Varun Khaitan — Co-founder & COO. Born 14 September 1987. Age approx 37 years. Education: BTech from IIT Kanpur.
- Raghav Chandra — Co-founder & Chief Product/Technology. Born 25 February 1990. Age approx 35 years. Education: B.S. in Computer Science from University of California, Berkeley.
Listing News & Date
Urban Company listed on the NSE on September 17, 2025. The stock listed at ₹162.25 on the NSE against an IPO upper band of ₹103 — a listing premium in the high-50s percentage range — and closed the session higher than the issue price. The IPO itself attracted well over 100x subscription in the book-building process, signalling very strong pre-listing demand.
Listing on NSE — Price and GMP Context
On listing day the stock opened around ₹162.25 on NSE and traded with notable intraday swings — typical for hot IPOs. Grey market sentiment (GMP) ahead of listing had already shown elevated interest, which translated into a sizable listing pop when markets opened. Investors should expect some early volatility as allocation holders, short-term traders and long-term buyers interact on the first few trading sessions.
Corporate Events (near term)
- IPO listing: Debut on NSE on Sep 17, 2025 with a significant premium to the issue price.
- Use of proceeds: Company flagged technology, cloud upgrades, lease obligations, marketing and general corporate purposes as primary uses.
- Anchor allocation: Urban Company raised a portion from anchor investors before public subscription — a common practice for large IPOs.
Dividend & Bonus
As a freshly listed growth company focused on scaling operations and product investment, Urban Company has not announced any dividend or bonus distribution tied to the IPO listing. For now, capital allocation will prioritise expansion and platform investments; dividend policy can evolve once cash flows stabilise.
Stock Price: First-day Behaviour and Outlook
The urban company share price opened at a strong premium and experienced intraday highs and lows before settling well above the IPO level. Short-term movement was driven by listing flows and profit-taking, while longer-term performance will hinge on growth execution, margins and retention metrics. Traders should watch volumes, daily churn and management commentary after the listing.
Is Urban Company a Multibagger stock?
That depends on execution. The addressable market for organised home services in India is large, and Urban Company’s platform model carries network effects. If the company scales responsibly, improves unit economics and expands monetisation, upside is possible. However, investors should weigh valuation at listing, competition, and the path to sustainable profitability before labelling it a multibagger.
Disclaimer
This article is informational and not investment advice. Market prices move quickly after IPOs; consult a certified financial advisor before making investment decisions regarding Urban Company stocks or any other securities.
FAQs
Q1: Who are the founders of Urban Company and how old are they?
Answer: The founders are Abhiraj Singh Bhal (≈ 38 years), Varun Khaitan (≈ 37 years), and Raghav Chandra (≈ 35 years). They bring educational backgrounds from IIT Kanpur, IIM Ahmedabad, and UC Berkeley.
Q2: What was the listing price and listing date of Urban Company on NSE?
Answer: Urban Company listed on the NSE on September 17, 2025, at about ₹162.25, which was significantly above its IPO issue price.
Q3: Does Urban Company offer dividends yet?
Answer: No. At listing, Urban Company has not announced dividend or bonus shares; focus remains on growth and scaling operations.
