Description
Urban Company Limited allocated 8.29 crore equity shares to 16 anchor investors at ₹103 per share, raising approximately ₹854 crores in pre-IPO allocation.
Summary
Urban Company Limited (formerly UrbanClap Technologies India Limited) has successfully allocated 8,29,00,485 equity shares to 16 anchor investors at ₹103 per share on September 9, 2025. The allocation was finalized by the Board of Directors in consultation with Book Running Lead Managers including Kotak Mahindra Capital, Morgan Stanley India, Goldman Sachs India Securities, and JM Financial Limited.
Key Points
- Total anchor allocation: 8,29,00,485 equity shares
- Allocation price: ₹103 per equity share (including ₹102 share premium)
- Face value: ₹1 per equity share
- 16 institutional investors participated in anchor allocation
- Major allocations to SBI funds, HDFC Mutual Fund schemes, Fidelity funds, and international investors
- Government of Singapore and Government Pension Fund Global among anchor investors
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Company has fulfilled anchor investor allocation disclosure requirements
- Proper intimation provided to BSE and NSE as required
- Board resolution dated September 9, 2025 authorizes the allocation
Important Dates
- September 9, 2025: Board resolution and anchor investor allocation finalized
- September 9, 2025: Disclosure to stock exchanges
Impact Assessment
The successful anchor allocation demonstrates strong institutional confidence in Urban Company’s IPO. The diverse investor base including domestic mutual funds, international sovereign funds, and global institutional investors indicates broad market appeal. The allocation represents a significant portion of the IPO and provides price discovery ahead of the public issue opening.
Impact Justification
Significant IPO anchor allocation indicating strong institutional interest in Urban Company's public listing