New Delhi, Sept. 17 -- Urban Company's public debut delivered a sharp listing gain after a heavily subscribed IPO, underscoring strong retail and institutional demand for consumer-platform listings this year.

Urban Company's shares opened on the NSE at Rs.162.25, a 57.52% premium to the issue price of Rs.103, and at Rs.161 on the BSE, a 56.31% premium. Post-listing market capitalisation stood at Rs.23,118 crore. The listing outpaced grey-market estimates of about 52% and reflects elevated appetite from multiple investor segments on listing day.

The 1,900 crore IPO of the company included fresh issues (4.58 crore of equity shares or 472 crore) and an offer-for-sale (OFS) (13.86 crore of equity shares or 1428 crore). Between September 10 ...