India, Sept. 9 -- Ahead of the commencement of the bidding for its public issue on September 10, hyperlocal services unicorn Urban Company has raised INR 853.9 Cr from anchor investors.

The company allocated 8.29 Cr equity shares to 59 anchor investors, including Goldman Sachs, Nippon India, ICICI Prudential, HDFC Mutual Fund, Aditya Birla Sun Life Trustee, Steadview Capital, Florida Retirement System, Motilal Oswal, among others.

The company allotted the shares at INR 103 each, which is the upper end of the company's IPO price band.

Of the 8.29 Cr shares, 3.06 Cr shares (or 36.96%% of the total allocation) were allocated to 13 domestic mutual funds through a total of 29 schemes.

"The board of directors of the company. have finalised ...