Urban Company IPO gets fully subscribed within hours
NEW DELHI: The initial public offering (IPO) of Urban Company Limited, a leading tech-enabled platform for home and beauty services, got fully subscribed within hours of opening on Wednesday. The issue received a healthy response from investors on its first day of bidding, with the issue being subscribed 1.07 times overall by noon.
The Rs 1,900 crore offer, which opened for subscription today, saw particularly robust demand from retail individual investors (RIIs), the segment most indicative of widespread public interest. The retail portion was subscribed 3.19 times, signalling strong confidence in the company’s growth story and brand equity.
