Urban Company Shares Jump 15% After SBI Mutual Fund Buys 4% Stake

Shares of Urban Company jumped over 15 percent after SBI Mutual Fund acquired an additional stake in the company through bulk deals.

According to exchange data, SBI Mutual Fund purchased 3,50,63,090 shares at an average price of Rs 109.85 per share on the National Stock Exchange.

On the Bombay Stock Exchange, the fund house bought 2,24,93,959 shares at an average price of Rs 109.83 per share.

The transactions indicate that SBI Mutual Fund has acquired an additional 4 percent stake in the company for around Rs 632 crore.

As per shareholding data for the December quarter, SBI Mutual Fund held a 1.89 percent stake in Urban Company as of Q3 FY26.

Financial performance

Urban Company reported a consolidated net loss of Rs 21.3 crore in Q3 FY26, compared with a net profit of Rs 231.8 crore in the year-ago period.

The company attributed the decline to continued investments in scaling its quick housekeeping vertical, InstaHelp.

On a sequential basis, losses narrowed by 64 percent from Rs 59.3 crore in Q2 FY26.

Revenue from operations rose 33 percent year-on-year and 1 percent quarter-on-quarter to Rs 382.7 crore in the December quarter. Including other income of Rs 36.1 crore, total income stood at Rs 418.8 crore, up 33 percent from a year ago.

IPO and listing details

Urban Company made a strong debut on September 17, 2025. The stock listed at Rs 161 on the BSE, a premium of 56.31 percent over its issue price of Rs 103. It later surged 73.78 percent to Rs 179.

On the NSE, the stock listed at Rs 162.25, reflecting a premium of 57.52 percent.

The company’s Rs 1,900 crore IPO had a price band of Rs 98 to Rs 103 per share and received strong investor response, with subscription reaching 103.63 times on the final day.

Business overview

Urban Company operates a technology-driven marketplace offering a wide range of home and beauty services. Its platform connects consumers with professionals for services such as cleaning, pest control, plumbing, electrical work, appliance repair, painting, skincare, grooming, and wellness.

The company also has an international presence in the United Arab Emirates, Singapore, and Saudi Arabia.