Urban Company shares zoom over 15% as SBI MF buys additional stake; check details

The stock drew buying interest after SBI Mutual Fund bought additional shares in the company in bulk deals on Tuesday.

Data show that the fund house on Tuesday bought 3,50,63,090 shares of Urban Company at an average price of ₹109.85 apiece on the NSE.

On the BSE, SBI MF has bought 2,24,93,959 shares at ₹109.83 apiece on the BSE.

This suggests that SBI Mutual Fund has bought an additional 4% stake in the company for ₹632 crore.

Urban Company's shareholding pattern on the BSE for the December quarter shows that SBI MF held 1.89% in the company as of Q3 FY26.

Urban Company, according to reports, posted a consolidated net loss of ₹21.3 crore in Q3 FY26, compared with a net profit of ₹231.8 crore in the year-ago period.

The company attributed the decline to continued investments in scaling its quick housekeeping vertical, InstaHelp.

Sequentially, losses narrowed by 64% from ₹59.3 crore in Q2FY26.

Revenue from operations rose 33% year-on-year and 1% quarter-on-quarter to ₹382.7 crore in the December quarter. Including other income of ₹36.1 crore, total income stood at ₹418.8 crore, marking a 33% increase from a year ago.

Urban Company IPO and listing details

Shares of app-based beauty and home services platform Urban Company on September 17, 2025, listed with a premium of 57.52% over the issue price of ₹103.

The company's stock started trading at ₹161, a jump of 56.31% from the issue price on the BSE. Later, it zoomed 73.78% to ₹179.

At the NSE, the stock listed with a premium of 57.52% at ₹162.25.

Urban Company IPO details

The initial public offering (IPO) of Urban Company received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the final day of bidding on Friday last week.

The ₹1,900 crore IPO had a price band of ₹98-₹103 per share.

The company plans to use funds raised through the fresh issuance for new technology development and cloud infrastructure, lease payments for its offices, marketing activities, and general corporate purposes.

Urban Company operates a technology-driven, full-stack online marketplace for quality-driven services and solutions across various home and beauty categories. Apart from India, it has a presence in the United Arab Emirates, Singapore, and the Kingdom of Saudi Arabia.

Its platform enables consumers to easily order services, including cleaning, pest control, electrical work, plumbing, carpentry, appliance servicing and repair, painting, skincare, hair grooming, and massage therapy.