Urban Company IPO Sees Strong Demand on Final Day
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BTCCSquare news:
The ₹1,900-crore initial public offering (IPO) of Urban Company Ltd closed with overwhelming investor interest, recording a 19.77x overall subscription. Non-institutional investors led the charge with a 40.57x subscription, followed by retail investors at 26.11x. Qualified institutional buyers and employee portions saw 7.26x and 19.21x demand, respectively.
Anchor investors, including GIC, Fidelity, and Nomura, committed ₹854 crore ahead of the public offering. The IPO, priced at ₹98–₹103 per share, values the company at ₹14,790 crore at the upper band. The issue comprises a fresh raise of ₹472 crore and an offer for sale of ₹1,428 crore by existing backers like Accel India and Elevation Capital.
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