Urban Company's Rs 1,900-crore IPO comprises a fresh issue of 4.58 crore shares amounting to Rs 472 crore and an offer-for-sale of 13.86 crore shares worth Rs 1,428 crore.
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Nirmal Bang Report
Urban Company Ltd. launched its initial public offering today and the offer closes for subscription on Sep 12.
Urban Company is a technology-driven, full-stack online services marketplace offering qualityfocused home and beauty services across 51 cities, including 47 in India along with UAE and Singapore, excluding KSA, which is served through a joint venture. The company has set the price band between Rs 98 and Rs 103 per share.
The Rs 1,900-crore IPO comprises a fresh issue of 4.58 crore shares amounting to Rs 472 crore and an offer-for-sale of 13.86 crore shares worth Rs 1,428 crore.
Objects of the offer
Expenditure for new technology development and cloud infrastructure.
Expenditure for lease payments offices.
Expenditure for marketing activities.
General corporate purposes.
Key Growth Drivers
Expanding Consumer Base and Market Penetration.
Improving Consumer Retention and Spending.
Launching New Product and Service Offerings.
Investing in Technology and Infrastructure.
Key Risks
Intense Competition from Traditional and Online Players.
Inability to Attract and Retain Service Professionals.
Risk of Platform Circumvention.
Dependence on Brand Strength and Reputational Risks.
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