More than half of the issue proceeds would be used to develop its range of offerings and the remaining for leasing office space and marketing expenses.
Beauty and home care services provider Urban Company has filed for ₹1,900 crore initial public offering (IPO), consisting of a fresh issue of shares and an offer for sale by existing investors.
According to the draft prospectus filed with the regulators, Tiger Global-backed Urban Company will be raising ₹429 crore through the fresh issue and existing investors would be selling shares worth ₹1,471 crore.
Among the selling shareholders are Accel India and Elevation Capital, who hold 10.5 per cent and 10.8 per cent stakes, respectively, in the company.
Utility of funds
More than half of the issue proceeds would be used to develop its range of offerings and the remaining for leasing office space and marketing expenses.
Urban Company, which also has Bessemer Venture Partners as one of its investors, operates in 59 cities spread across India, UAE and Saudi Arabia.
According to the draft papers, it reported a pre-tax profit of ₹27 crore in the nine months till December 2024, compared to a loss of ₹57.8 crore in the year-ago period.
Published on April 28, 2025
