Urban Company IPO vs Shringar House IPO: Subscription status, GMP and more
Shringar House of Mangalsutra and Urban Company's IPOs, which opened September 10th, are closing September 12th. Shringar's IPO is Rs 400 crore, priced at Rs 165 per share, while Urban Company's is Rs 1900 crore, priced at Rs 103. Retail investor participation is significantly higher for Urban Company. Grey market premiums suggest potential listing gains, with Urban Company showing a higher expected return.
New Delhi: The two big IPOs are currently open this week. Investors are hoping that their investment in them reaps a good return. Shringar House of Mangalsutra and Urban Company are buzzing Dalal Street with their public offer. The public issue of both the companies opened on the same day, i.e., 10 September, and is closing on 12 September.
The IPO size of Shringar House is that of Rs 400 crore, while the issue of Urban Company is around Rs 1900 crore. The price band for the Shringar House is fixed at Rs 165 per equity share, whereas for the Urban Company the price band is set at Rs 103 apiece. The tentative listing date for both of the public issues is September 17.
The participation of retail individual investors (RIIs) is more in Urban Company at 12.45 times, while that of Shringar is fixed at 5.79 times. In the QIB segment, the participation is 1.32 times in Urban Company, whereas for the Shringar House, it is 0.03 times.
IPO GMP: Urban Company VS Shringar House
As per investorgain.com, the Grey Market Premium (GMP) for the Urban Company is ahead on this front. The GMP of Urban Company IPO is Rs 40 as of September 11. With this GMP, the expected listing price could be Rs 143 per equity share, with an expected listing at 38 percent.
On the other hand, the GMP for the Shringar house IPO stands at Rs 29. With this GMP, the expected listing could be estimated at Rs 194 per equity share. the expected listing percentage at 17.58 percent.
Financials: Shringar House VS Urban Company
Shringar House of Mangalsutra registered a growth of 30 percent in its revenue and 96 percent in its operating profit (PAT) for the financial year of 2025 (FY25). The company boasted a profit of Rs 61 crore in FY25.
On the other hand, Urban Company made a comeback in 2025 after being at a loss in 2024. In FY25, the company made a profit of around Rs 240 crore, registering a whopping growth of 358 percent, whereas the operating income of the company jumped by 36 percent.
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