Urban Company Shares Surge 70% in Strong Market Debut
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BTCCSquare news:
Urban Company Ltd, the app-based beauty and home services platform, saw its shares rally over 70% to ₹179 on its trading debut. The stock opened at a 57.5% premium on the National Stock Exchange and 56.3% on the BSE, far exceeding its IPO price of ₹103.
Prosus NV more than doubled its stake ahead of the listing, cementing its position as a major shareholder. The ₹1,900-crore IPO was oversubscribed 103.63 times, reflecting overwhelming investor demand.
The successful listing highlights growing confidence in India's home services sector, with Urban Company positioned as a market leader in the space. The company's asset-light platform and scalable model continue to attract institutional interest.
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