New Delhi, Sept. 8 -- Home services marketplace Urban Company's initial public offering (IPO), set to open for bidding on Wednesday, September 10, is commanding a decent grey market premium (GMP). According to market sources, the shares are trading at a GMP of Rs.28 per share, indicating strong investor sentiment.

If the momentum holds steady throughout the bidding period, the stock may debut on Indian exchanges with healthy gains. Based on the upper price band of Rs.103, the Rs.28 GMP suggests a potential listing price of around Rs.136, a 27.18% premium over the IPO price. The grey market premium reflects investors' willingness to pay above the issue price.

The company aims to raise Rs.1,900 crore from the issue, with the price band fi...