Urban Company IPO allotment not yet finalised: Applicants await status check online on MUFG Intime India, NSE, BSE; step-by-step guide

Urban Company IPO allotment status: The basis of share allotment of Urban Company IPO is yet to be finalised. It was expected to be finalised on Monday, September 15. Investors who applied for the IPO can keep tracking the official websites of the registrar MUFG Intime India Private Limited (formerly Link Intime India), the NSE, and the BSE.

During the September 10 to 12 bidding period, the initial share sale was subscribed 103.63 times, receiving applications for 11,06,46,08,960 shares as against 10,67,73,244 shares on offer, as per the NSE data.

Qualified institutional buyers, or QIBs, bid the most, subscribing 140.20 times the part set aside for them. The non-institutional investors' portion was subscribed 74.04 times, while the retail investors' category mobilised 39.25 times subscription.

Urban Company's ₹1,900 crore initial public offering comprised a mix of a fresh issuance of 4.58 crore shares, totalling ₹472 crore, and an offer-for-sale of 13.86 crore shares, aggregating to ₹1,428 crore. The price range was set at ₹98 to ₹103 per share.

The objectives of the fresh issue proceeds are lease payments for its offices, marketing activities, new technology development and cloud infrastructure, and serving corporate general purposes.

Urban Company IPO allotment: How to check status online on MUFG Intime India

• Go to bid finalisation page of registrar: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• From the dropdown menu, pick ‘Urban Company Ltd’ from the list of companies
• Enter either PAN, DP/Client ID, Account Number/IFSC or Application Number to view your allotment status
• Press 'Submit' button

Urban Company IPO allotment: Steps to check status online on NSE

• To check IPO status on NSE, go to the NSE website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Pick 'Urban Company', which is under the symbol 'URBANCO'
• Fill in your application number and permanent account number (PAN)
• Hit the 'Submit' button

Urban Company IPO allotment status check online on BSE

• Visit this URL: https://bseindia.com/investors/appli_check.aspx
• Select 'Equity' as the issue type
• From the issue name dropdown list, select 'Urban Company Limited'
• Add PAN or IPO application number
• Press the 'Search' button

Urban Company IPO: Listing date and time

Shares of Urban Company Ltd will be listed on the NSE and the BSE on Wednesday, September 17, at 10 am.

Urban Company IPO GMP

According to investorgain.com and media reports, Urban Company's unlisted shares are trading at ₹155 per share, reflecting a grey market premium of 50.49% over the upper price band of ₹103.

Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.