New Delhi, Sept. 17 -- Urban Company share price made a strong debut on the Indian stock market on Wednesday, September 17. Urban Company shares were listed at Rs.161 on BSE and Rs.162.25 on NSE, a premium of 56% and 57.5%, respectively over the issue price of Rs.103.

The listing was better-than-expected as analysts and the grey market trend signalled a 40-50% listing pop for Urban Company shares. Ahead of listing, the shares of Urban Company IPO were commanding a premium of Rs.51 in the grey market, according to investorgain.com.

Shivani Nyati, Head of Wealth at Swastika Investmart, recommended investors to book partial profits post the stellar listing.

"For those who received allotment, consider booking partial profit and holding the...