Urban Company up 62% in market debut
India, Sept. 18 -- Urban Company soared in its Mumbai trading debut, resulting in the best opening day for any major company that went public in India this year. Shares of the rent-a-service marketplace surged 62% to close at Rs.167.05 in the Sensex on Wednesday. Urban Company's IPO received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the final day of bidding on Friday last week. The company's stock started trading at Rs.161, a jump of 56.31% from the issue price on the BSE. During the day, it zoomed 73.78% to Rs.179. On the NSE, the stock was listed with a premium of 57.52% at Rs.162.25 and closed at Rs.166.83.P14...
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