eCommerce
India’s Urban Company soars 58% above IPO price in year’s most subscribed offering
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Urban Company, India’s largest home services platform, stormed onto the public markets on Wednesday, opening 58% above its issue price after delivering the country’s most subscribed IPO of the year.
The Gurugram-based startup, which connects users to at-home services ranging from beauty treatments to appliance repair, debuted on the Mumbai-based National Stock Exchange at ₹162.25 per share (approximately $1.84), up from its IPO issue price of ₹103. The offering, which opened last week, was subscribed over 100 times, meaning investors placed…
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