Home Services Tech Startup Urban’s India IPO Sold on Day One
Urban Co., an Indian tech startup that provides household services, had its initial public offering (IPO) fully subscribed on the first day of trading. The IPO attracted robust demand from both retail and wealthy investors, leading to it being subscribed over three times. The company, which offers services ranging from plumbing and house cleaning to masseurs, is seen as a popular choice among Indian consumers. The successful first-day subscription indicates strong investor interest in the home services technology sector in India, as the company aims to capitalize on the growing demand for convenience and on-demand services. The IPO's performance suggests that Urban Co. is well-positioned to expand its operations and solidify its position in the Indian market.
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