365telugu.com online news,National, September4th, 2025: Urban Company Limited has announced that its Initial Public Offering (IPO) will open for subscription on September 10, 2025, and close on September 12, 2025. The Anchor Investor bidding will be held on September 9, 2025.
The IPO, with a total size of ₹1,900 crore, includes a fresh issue of ₹472 crore and an Offer for Sale (OFS) of ₹1,428 crore by existing investors. The price band has been set at ₹98–₹103 per share, with a lot size of 145 shares. Eligible employees will receive a discount of ₹9 per share.
Utilisation of Fresh Issue Proceeds:
- ₹190 crore – New technology development and cloud infrastructure
- ₹75 crore – Lease payments for offices
- ₹90 crore – Marketing activities
- Balance – General corporate purposes
The OFS will see share sales by key investors, including Accel India IV (Mauritius) Ltd, Bessemer India Capital Holdings II Ltd, Elevation Capital V Ltd, Internet Fund V Pte. Ltd, and VYC11 Ltd.
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Book Running Lead Managers (BRLMs):
Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs India, and JM Financial.
The equity shares will be listed on both the BSE and NSE. The IPO will follow the Book Building Process under SEBI ICDR Regulations, with at least 75% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors.