India, Sept. 10 -- Urban Company's INR 854 Cr Anchor Boost

Urban Company's IPO is all set to open today. Ahead of the public issue, the on-demand services unicorn raised INR 854 Cr from 59 anchor investors. So, who all backed the home service marketplace ahead of its public issue?

Breaking Down Anchor Allocation: The company allocated 8.29 Cr equity shares at INR 103 each, the upper end of its price band, to investors like Goldman Sachs, Nippon India, ICICI Prudential, among others. Of this, 3.06 Cr shares were allocated to six domestic mutual funds.

The Numbers Game: Urban Company's INR 1,900 Cr IPO comprises a fresh issue of INR 472 Cr and an OFS of INR 1,428 Cr. It has set a price band of INR 98 to INR 103 per share for the issue, i...