Retail Portion Oversubscribed 1.3X So Far

Retail investors bid for 2.6 Cr shares against 1.9 Cr shares reserved for them, while employees placed bids for 4.3 Lakh shares

The portion reserved for QIBs and NIIs was subscribed 20% and 80%, respectively

Urban Company has set a price band of INR 98 to INR 103 apiece for the IPO which will close on Friday

Hyperlocal services company Urban Company saw a decent start to its IPO, led by interest from retail investors. The retail portion of the public issue was oversubscribed 1.3X at 10:45, receiving bids for 2.6 Cr…