Urban Company IPO subscribed 103 times; QIBs lead with 140x bids, Rs 1,900-cr issue sees high demand

Urban Company’s Rs 1,900-crore IPO saw overwhelming investor demand, being oversubscribed 103.63 times. The IPO, priced at Rs 98-103 per share, aims to raise funds for technology development, marketing, and general corporate purposes. The platform offers diverse home and beauty services across India, the UAE, Singapore, and Saudi Arabia.