Urban Company shares settled 64 percent higher from the issue price at Rs 169 per share on the NSE on the listing day on September 17.


The stock made a strong stock market debut to list at over 57 percent premium over its IPO price after the issue drew huge investor interest with 103.63 times subscription between September 10 and 12 in the primary market.

Shares of Rs 1,900-crore Urban Company IPO, an app-based beauty and home services platform, were listed at Rs 162.25 per share on the NSE, a premium of 57.52 percent over it's issue price. The company had set a price band of Rs 98 - 103 per share for its issue. The company's market capitalization post listing of shares stood at Rs 24,266.74 crore

On the BSE, the shares were listed at Rs 161 apiece, a premium of 56.31 percent.

Urban Company share listing on Wednesday was better than the expectations in the grey market, which had expected more than 52 percent listing gains in the secondary market. The company had earlier collected over Rs 854-crore from anchor investors.

The company plans to use funds raised through the fresh issuance for new technology development and cloud infrastructure, lease payments for its offices, marketing activities, and general corporate purposes.