Urban Company's ₹1,900-crore IPO is set to open for public bidding from September 10 to September 12 at a price band of ₹98-103 per share. The issue comprises a fresh issue of ₹472 crore shares and an offer for sale (OFS) worth ₹1,428 crore.

In an interaction with Fortune India, Abhiraj Singh Bhal, CMD and CEO, Urban Company shared the firm’s journey from a startup to a full-fledged home services platform and its plans for the upcoming IPO.

“Over the past decade, we have been building this company brick by brick. What started with just one or two small service categories has scaled into a horizontal home services platform that today spans more than 60 categories across 17 super categories,” said Urban Company CEO.

Sharing the latest financial milestones, Bhal said Urban Company crossed ₹3,000 crore in net transaction value in FY25, with net revenue of ₹1,144 crore and a consolidated profit before tax of ₹28 crore. “This is only the beginning,” he added, emphasizing the massive untapped potential in India’s largely offline home services market.

Looking ahead, Bhal said the IPO would mark a new chapter for Urban Company, bringing it into the public domain with a focus on governance, transparency, and ethics. He stressed that growth, profitability, and customer experience are interconnected goals, noting, “Happy service partners lead to happy consumers, and that creates value for shareholders.”

With the IPO on the horizon, Bhal positioned Urban Company as a company not only transforming home services but also aiming to generate high-quality jobs and leave a lasting impact on India’s economy and society.