Urban Company Shares Surge 20% as SBI Mutual Fund Acquires Rs 632 Crore Stake
Urban Company Shares Surge 20% Following SBI Mutual Fund's Investment
On Wednesday, Urban Company's shares reached an intraday high of Rs 131.44 per share on the National Stock Exchange (NSE), representing a 20% increase. The stock had opened 2.78% higher.
SBI Mutual Fund acquired a significant stake in Urban Company worth Rs 632.21 crore across exchanges. This development occurred on the day the mandatory lock-in period for pre-IPO shares ended.
In a separate transaction, DF International Partners II, ABG Capital, and Wellington Hadley Harbor Aiv Master Investors (Cayman) III sold shares worth Rs 734.4 crore through block deals on the Bombay Stock Exchange (BSE) and NSE. Specifically, DF International Partners II and ABG Capital sold shares worth Rs 385.16 crore on the NSE, while Wellington Hadley Harbor Aiv Master Investors (Cayman) III offloaded shares worth Rs 349.23 crore on the BSE.
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Urban Company's shares debuted at over 57% premium to its IPO price after the issue was subscribed 103.63 times during September 10–12. The stock had settled 64% above the issue price at Rs 169 per share on the NSE on listing day on September 17, 2025.
Investor Takeaway
Investors should be cautious of the recent surge in Urban Company shares and consider a potential correction in the near term.
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