Urban Company IPO GMP News: Check Day 1 subscription numbers, latest GMP; should you apply?

“Financially, the company has shown strong traction. Revenue from operations rose to ₹1,144.5 crore in FY25, up from ₹828 crore in FY24 and ₹636.6 crore in FY23, reflecting steady expansion in customer base and service penetration. Profit before tax for FY25 stood at ₹205.6 crore, with adjusted EBITDA turning decisively positive, marking a shift from losses in earlier years. On valuation, the IPO implies a price-to-earnings multiple of 59.7–62.4x FY25 EPS, price-to-book of 8.27x, and RoNW of 13.35%, translating to a price-to-sales ratio of about 12.9x.

Compared with peers in India’s consumer internet space, Urban Company’s valuations sit between Zomato and Nykaa, both trading at premium multiples, and Just Dial, which trades at lower levels. While growth visibility is strong, risks remain in competitive intensity, high customer acquisition costs, dependence on gig workers, and potential regulatory tightening on platform-based employment. Still, its improving profitability metrics, increasing scale, and brand recall in premium urban households position Urban Company as a differentiated consumer-tech play. For investors seeking exposure to India’s growing services economy, this IPO presents a high-growth, albeit high-valuation, opportunity,” said Harshal Dasani, Business Head, INVasset PMS.