Mumbai: Urban Company, India’s leading home-services platform, made a dazzling debut on the National Stock Exchange (NSE) on Wednesday, with shares surging 74% and propelling the company’s valuation to nearly $3 billion. The stock opened at ₹162.25, a remarkable 57.5% premium over its issue price of ₹103, reflecting robust investor confidence in the firm’s growth trajectory.
The initial public offering (IPO) was one of the most anticipated in 2025, becoming the most subscribed among major offerings this year with bids worth around $13 billion, oversubscribed 103.65 times. Analysts noted that the overwhelming demand underscores the market’s optimism about Urban Company’s dominance in India’s burgeoning home-services sector, which encompasses beauty treatments, appliance repairs, plumbing, and other on-demand domestic services.
Investor enthusiasm, according to experts, stems from Urban Company’s position as a structural play on India’s increasing digital adoption. “This IPO is viewed as a proxy for the rising demand in home services, and the company’s dominant market presence reinforces its long-term potential,” said Aishvarya Dadheech, founder of Fident Asset Management.
The company’s strong financial performance further bolstered investor sentiment. Urban Company reported a 38% revenue growth, reaching ₹11.44 billion in the previous financial year, demonstrating both profitability and scalability in an otherwise largely unorganized sector. The stock hit a day’s high of ₹179 and closed at ₹166.80, significantly surpassing analyst expectations of a 40–51% upside.
Urban Company’s successful debut also signals renewed momentum in India’s IPO market, the world’s second-largest, which had experienced a slow start in 2025. Following record fundraisings of $7.78 billion in 2024, the market is poised for robust activity, with Urban Company setting a high benchmark for upcoming listings.
The broader Indian equity market mirrored this upbeat sentiment, with the blue-chip Nifty 50 index edging 0.36% higher, supported by optimism over ongoing U.S.-India trade talks and general investor confidence in the domestic economy.
As India’s online on-demand services sector is projected to grow at a compound annual rate of 22.4% through 2030, Urban Company’s spectacular market debut may well mark the beginning of a new era of investor interest in digital service platforms.