New Delhi, Sept. 3 -- Urban Company has announced the price band for its upcoming initial public offering (IPO), which is set to open for subscription next week on Wednesday, September 10.

Urban Company IPO price band is set at Rs.98 to Rs.103 per share. The company is looking to raise Rs.1,900 crore at the upper price band of the issue.

The mainboard public offer will close bidding on Friday, September 12. Meanwhile, the anchor book will open a day prior to the issue dates, i.e. Tuesday, September 9.

Urban Company IPO is a mix of a fresh issue of Rs.472 crore and an offer for sale of Rs.1,428 crore. Investors can apply for the Urban Company IPO in lots of 145 shares and its multiples thereof.

Retail investors need to shell out at lea...