New Delhi, Sept. 3 -- Urban Company is set to make its public market debut through an initial public offering (IPO), aiming to raise Rs.1,900 crore. The IPO price has been fixed at Rs.98 to Rs.103 per share. The mainboard issue subscription opens on Wednesday, September 10, and closes on Friday, September 12, and anchor investor bidding will be held a day before, on September 9.
The IPO will be a fresh issue of Rs.472 crore worth of shares and an offer of sale (OFS) of Rs.1428 crore by existing shareholders. At the top of the price band, the implied post-issue market capitalization of Urban Company is estimated between Rs.14,095 crore and Rs.14,790 crore.
Investors can apply for the IPO in lots of 145 shares and in multiples thereof, i....
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