Urban Company IPO Surges 57.5% on Debut Amid Strong Investor Demand
Shares of Urban Company, India's leading home services platform, soared 57.5% in pre-open trading following its highly oversubscribed initial public offering. The stock listed at ₹162.25 on the National Stock Exchange, a sharp premium to its issue price of ₹103.
The IPO attracted bids worth ₹1.14 trillion ($12.97 billion), underscoring robust investor appetite for India's digital economy plays. This debut performance reinforces the strong momentum in India's public markets for tech-enabled service platforms.