With the IPO entering the third and final day, the public issue of Urban Company was booked more than 73 times as of 3 pm on Friday. The retail portion alone was subscribed to a little over 35 times.
The initial public offering was already quite sought after in the grey market ahead of the public IPO subscription today, where shares were reportedly available at a premium of Rs 40.
Urban Company IPO subscription began on September 10 and will remain open until September 12.
The services aggregator fixed the IPO price band at Rs 98 to Rs 103 per equity share for listing on the BSE and the NSE.
The bourse issue looks to raise Rs 1,900 crore from its initial offer. From this, Rs 472 crore would be for the issue of fresh shares. The balance of Rs 1,428 crore would be earmarked for offer for sale (OFS), according to Urban Company.
The initial public offer was fully subscribed mere hours after opening for bidding on Wednesday, ending day 1 with 3.13 times subscription.
Currently, Urban Company’s online marketplace for home and beauty services is also present in the United Arab Emirates, Singapore, and Saudi Arabia, apart from India.