Urban Company IPO: Last day to invest

Urban Company's IPO is getting good response from all categories of investors including retail. This public issue has been subscribed up to 20 times so far. According to investorgain, the GMP of the company's shares is running at Rs 45. In such a situation, this IPO can give a return of 43 percent on listing.

Today, September 12 is the last date for subscription of Urban Company IPO. This issue has been subscribed more than 20 times so far and its gray market price is continuously increasing. This IPO has opened from September 10 and will be available for subscription till 5 pm on September 12. If you want to invest money in this public issue, then definitely check the latest GMP (Urban Company IPO GMP) and subscription details.

The company has offered 10,67,73,244 shares in this issue and has received bids of 1,19,03,61,985 so far. The company wants to raise a total of Rs 1900 crore through this IPO. This public issue includes both fresh issue of shares and offer for sale by existing shareholders.

Great response to IPO

Urban Company's IPO is getting good response from all categories of investors including retail. Qualified Institution Buyers have subscribed this issue 7.28 times. Non-institutional investors have subscribed 40.76 times and retail investors have subscribed 26.20 times.

What is the GMP of Urban Company IPO

The gray market price of Urban Company's IPO is also increasing. According to investorgain, the GMP of the company's shares is running at Rs 45. In such a situation, this IPO can give a return of 43 percent on listing and can give a profit of Rs 45 per share. However, the gray market price is based only on possibilities, it is not real in any way.

Let us tell you that the price band of Urban Company's IPO is Rs 98 to Rs 103 per share and there are 145 shares in one lot. In such a situation, to buy one lot at the higher bid price, an investment of Rs 14935 will have to be made.