Urban Company shares jump over 8%, snap five-day losing streak, here is why

Shares of recently listed home services platform Urban Company surged as much as 8.38% to hit an intraday high of ₹163.28 in Wednesday’s trade, snapping a five-day losing streak that had dragged the stock below its listing price.

The rebound came a day ahead of a crucial trading session on Thursday, October 16, when the company’s one-month shareholder lock-in period ends.

The stock had slumped as much as 11% in the past five trading sessions to close at ₹150.65, below its listing price of ₹162 per share—and falling 26% from its post-listing high of ₹201. Wednesday’s upmove helped the stock reclaim its listing level on the exchanges.

According to a CNBC TV18 report quoting Nuvama Alternative & Quantitative Research, around 4.15 crore shares, equivalent to 3% of Urban Company’s outstanding equity, will become eligible for trade once the lock-in period expires. Based on the prevailing market price, these shares are valued at approximately ₹651 crore.

Blockbuster listing

Urban Company, formerly known as UrbanClap, delivered one of the most successful stock market debuts of 2025. The company’s shares listed on September 17 at ₹162.25 on the NSE, a premium of 57.5% over its issue price of ₹103. On the BSE, it debuted at ₹161, up 56.3% from the issue price.

Investors who received IPO allotment of one lot (145 shares) earned a profit of ₹23,526.25 per lot on listing day.

The ₹1,900 crore IPO comprised a fresh issue of ₹472 crore and an offer for sale (OFS) worth ₹1,428 crore. Key selling shareholders in the OFS included Elevation Capital V Ltd, Accel India IV (Mauritius) Ltd, Internet Fund V Pte Ltd, Bessemer India Capital Holdings II Ltd, and VYC11 Ltd.

The IPO garnered an overwhelming response, receiving bids for 11.06 billion shares against an offer size of 10.67 crore shares, resulting in 103.6 times subscription.

As of 11:01 am, Urban Company shares traded 5.3% higher at ₹158.45.