Urban Company, a technology-driven online marketplace, made a strong debut on the stock exchanges today, with its shares listing at a 57.5% premium over the initial public offering (IPO) price.

This marks the best mainboard listing of 2025 so far, surpassing the record set by Aditya Infotech, which debuted with a 49.78% premium over its issue price last month.

The shares of Urban Company debuted at ₹162.5 on the NSE against its issue price of ₹103 apiece. On the BSE, the stock listed at ₹161 per share, up 56.3% over the IPO price, with a market capitalisation of ₹23,118 crore. Meanwhile, the benchmark indices BSE Sensex and NSE Nifty were trading higher by 0.3% each.

Post listing, Urban Company share price gained as much as 67% to ₹171.90 apiece on the BSE, while it hit a high of ₹176 on the NSE.

“Urban Company made a remarkable debut on the Indian stock exchanges today…For those who received allotment, consider book partial profit and hold the rest for long-term gains with stop loss of ₹120,” said Shivani Nyati, Head of Wealth at Swastika Investmart.

The listing of Urban Company was better than D-Street expectations, as the stock was commanding a grey market premium (GMP) of ₹51, indicating a listing price of around ₹154 per share, up 49.5% over the IPO price.

The ₹1,900-crore IPO of Urban Company, which was open for subscription between September 10 and 12, emerged as the most subscribed public issue in India this year, receiving bids nearly 104 times the shares on offer.

The company has overtaken Aditya Infotech, the manufacturer of video security and surveillance products under the ‘CP Plus’ brand, whose IPO was subscribed 100.7 times. The issue garnered bids worth over ₹1.14 lakh crore and attracted around 44.8 lakh applications.

The IPO included a fresh issue of 4.58 crore shares worth ₹472 crore and an offer for sale (OFS) of 13.86 crore shares totaling ₹1,428 crore by existing shareholders. Prior to the issue, Urban Company raised ₹854 crore from anchor investors by allotting 8.29 crore equity shares at ₹103 apiece.

Proceeds from the fresh issue will primarily fund growth and expansion initiatives. Of this, around ₹190 crore has been allocated for technology development and cloud infrastructure, ₹75 crore for office lease payments, and ₹90 crore for marketing, with the remainder set aside for general corporate purposes.

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