Urban Company Limited has made an initial public offering aggregating to approximately ₹1,900 crore, comprising a fresh issue and an offer for sale by certain shareholders, including affiliates of Accel, Bessemer, Elevation Capital, Tiger Global and Vy Capital.
Shardul Amarchand Mangaldas & Co is advising Urban Company on this IPO.
The transaction team is led by Prashant Gupta (National Practice Head-Capital Markets) and Ruth Chenchiah (Partner), with support from Romit Raja Srivastava (Principal Associate), Debolina Mitra (Senior Associate) and Pavitra Dubey (Associate).
SAM is also advising selling shareholders Accel India IV (Mauritius) Limited, Bessemer India Capital Holdings II Ltd., Elevation Capital V Limited, and VYC11 Limited on this IPO.
The transaction team is led by Manjari Tyagi (Partner), with support from Jheel Bhargava (Senior Associate), Bhumika Panigrahi (Associate) and Deeksha Dhingra (Associate).
Tyagi (Partner) and Devesh Pandey (Partner), advised on corporate and regulatory matters.
Pallavi Shroff, Managing Partner provided strategic inputs.
SKS Advisor assisted Urban Company in delivering end-to-end support across regulatory filings, corporate secretarial compliances, and strategic advisory.
The transaction was handled by a team comprising Rakesh Bhati (Associate), Varun M (Associate), Neha Bhutoria (Partner) and Sandeep Kumar Singh (Managing Partner) .
Cyril Amarchand Mangaldas is advising the book running lead managers - Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited, and JM Financial Limited, on this IPO.
The transaction team was led by Gokul Rajan (Partner (Regional Co-Head - Capital Markets - North) and Puneet Passi (Partner), with support from Medhashree Verma (Senior Associate), Associates Anjini Ganguly, Ritvik Maheshwari, Abhinav Singh Chauhan and Palak Dwivedi.
Bharath Reddy (Partner) advised on regulatory aspects.
White & Case is serving as the international legal counsel of the BRLMs.
The transaction team was co-led by Partners Rahul Guptan (London) and Kaya Proudian (Singapore) and included Partners Elodie Gal and Steven Gee (both New York), local Partner James Hsiao (Hong Kong) and Associates Hilda Leung, Paul Qu, Royston Tan (all Hong Kong), Jiawei Zheng (Mexico City), Daniel Park (New York), and Ji Yang Lim (Singapore).
Urban Company operates as a technology-driven, full-stack online services marketplace. It connects individuals with skilled professionals for a wide array of services, primarily focusing on home and beauty categories.
This landmark transaction marked the first listing of a home services provider on the Indian stock exchanges. This is also the most oversubscribed IPO among new-age companies in India, with overall demand exceeding 103x, including aggregate QIB demand of over 140x.
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