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India’s home services market, encompassing beauty, maintenance, repairs, and home solutions, has transitioned from a fragmented, offline ecosystem to a rapidly growing organized digital marketplace. The overall market was valued at approximately ₹4,210,000 million in 2022 and increased to around ₹5,070,000 million in 2024, with projections to reach ₹8,350,000 million by 2029, growing at a CAGR of 10-11%. The online on-demand home services segment was valued at about ₹18,500 million in 2022 and is expected to expand to ₹92,850 million by 2030, reflecting a CAGR of 22.4%. Additionally, online full-stack service providers were valued between ₹40,000 to ₹42,000 million in 2024 and are projected to grow at a faster CAGR of 18-22% through 2029, driven by increasing urbanization, rising disposable incomes, nuclear family structures, and greater digital adoption across India.
| Detail | Information |
|---|---|
| IPO Open Date | Sep 10, 2025 |
| IPO Close Date | Sep 12, 2025 |
| Price Band | ₹98 – ₹103 per share |
| Lot Size | 145 shares |
| Issue Size | ₹19,000 million |
| Listing At | BSE, NSE |
| Tentative Listing Date | To be announced |
Urban Company Limited (UCL) operates a technology driven, full-stack online marketplace that connects consumers with trained and independent service professionals across a wide range of home and beauty services. The platform offers easy access to services such as cleaning, pest control, plumbing, carpentry, appliance servicing and repair, painting, skincare, hair grooming, and massage therapy, all delivered at the convenience of consumers. Urban Company emphasizes quality, standardization, and reliability of services, ensuring professionals undergo background checks and training. The company is present in 51 cities across India, UAE, and Singapore, serving millions of consumers with thousands of active service professionals. Its model focuses on enhancing the customer experience through seamless booking, transparent pricing, and a wide array of service offerings to meet diverse household needs.
Urban Company Limited (UCL) has demonstrated a strong financial trajectory from FY23 to FY25, with Net Transaction Value surging from ₹20,779.49 million to ₹32,709.14 million, reflecting impressive platform growth and expanding customer engagement. Concurrently, the contribution margin improved from 16.51% to 19.53%, highlighting enhanced operational efficiency. Revenue from operations rose robustly from ₹6,365.97 million in FY23 to ₹11,444.65 million in FY25, delivering a solid CAGR of 34.1%. The company achieved a landmark turnaround with Adjusted EBITDA moving from a loss of ₹2,976.92 million to a modest positive ₹120.91 million, underscoring improved scale and operational leverage. Profit after tax (PAT) saw a dramatic transformation from a loss of ₹3,124.84 million to a profit of ₹2,397.65 million, supported significantly by deferred tax credits. Furthermore, annual transacting consumers steadily increased from 4.93 million in FY23 to 6.78 million in FY25, showcasing robust customer adoption, while average monthly active service professionals expanded from 42,523 in FY23 to 47,833 in FY25, reflecting a growing and vibrant service provider network. This consistent uptrend in key metrics portrays Urban Company as a rapidly scaling platform with improving unit economics and a strong path to sustained profitability.
Objects of the issue:
- Expenditure for new technology development and cloud infrastructure – INR 1,900 million
- Expenditure for lease payments for offices – INR 750 million
- Expenditure towards marketing activities – INR 900 million
- General corporate purposes
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