Urban Co IPO 2025: India’s most oversubscribed listing debuts in Mumbai today

Core Viewpoint - Urban Co. is set to begin trading in Mumbai after completing India's most oversubscribed major IPO of the year, indicating strong investor interest and potential for a successful market debut [1][2]. Group 1: IPO Details - Urban Co.'s IPO raised $215 million, with bids exceeding 100 times the number of shares offered, making it the most sought-after new listing in India for 2025 among deals over $100 million [2]. - The IPO included both new and existing shares, attracting significant participation from institutional and retail investors [3]. Group 2: Market Potential and Growth - The estimated total addressable market for Urban's home services was $59 billion last year and is projected to nearly double by 2029, highlighting substantial growth potential [6]. - Urban Co. benefits from India's large middle-class population seeking on-demand services, with strong demand for its offerings fueled by the country's abundance of cheap labor [4][5]. Group 3: Industry Impact - The success of Urban's IPO is expected to positively influence other Indian startups, with several companies, including Lenskart Solutions Ltd. and Meesho Ltd., preparing to list their shares [3]. - Urban's growth is also supported by India's tax cuts on everyday items, aimed at bolstering the economy amid external pressures [5].