India, Sept. 17 -- The stock of Urban Company Ltd. surged in a listing-day pop after raising funds in India's most subscribed IPO so far this year.

Urban Company's share price rose as much as 73.78% over its IPO price of Rs.103 to Rs.179 on the National Stock Exchange even as the benchmark NSE Nifty 50 traded largely flat to higher.

Earlier, shares of the rent-a-service company were trading at a premium of at least 60% in the grey market, according to Investorgain.com.

The high premium underscores robust demand from both institutional and retail buyers in the Urban Company IPO, which was subscribed more than 100 times last week-making it the most sought-after IPO of 2025 in India.

The surge in demand reflects investors' growing intere...