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Urban Company shares surged 14% on March 18 after SBI Mutual Fund raised its stake to nearly 4% via a Rs 632.2 crore deal. The stock traded 18.1% higher at Rs 130.11.
Urban Company shares jump 18% on Wednesday.
Urban Company Ltd. shares rallied sharply on Wednesday, March 18, rising as much as 18% after SBI Mutual Fund significantly increased its stake through a large block deal executed a day earlier.
Despite recent volatility, Wednesday’s surge has provided some relief to investors. Urban Company shares were trading 18.1% higher at Rs 130.11 during the session.
The fund house purchased shares worth Rs 632.2 crore, translating to nearly a 4% stake in the recently listed company. Prior to this transaction, SBI Mutual Fund held a 1.89% stake in Urban Company as of December 31, indicating a notable increase in institutional confidence.
Block Deal Sees Early Investors Exit
Tuesday’s block deal also marked a partial reshuffling of the company’s shareholder base. Three entities collectively offloaded around 4.6% of Urban Company’s outstanding equity. Among them, DF International II Fund and Wellington Hadley Harbor exited the company entirely by selling their full holdings.
Meanwhile, ABG Capital trimmed its exposure, selling approximately 1.2% stake, equivalent to 1.74 crore shares. The transaction came immediately after the expiry of the six-month shareholder lock-in period, which unlocked a substantial 940.9 million shares—about 66% of the company’s total equity—according to Nuvama Alternative & Quantitative Research.
Stock Performance Since Listing
Urban Company made its stock market debut in September last year, pricing its initial public offering (IPO) at Rs 103 per share. The stock witnessed strong early momentum, nearly doubling to hit a post-listing high of Rs 201 within days of listing.
However, the rally proved short-lived. Concerns around profitability and increased spending on its newer “Instahelp” service weighed on investor sentiment. The stock eventually erased most of its gains and even slipped below its issue price briefly.
Current Trading Trend
However, the stock remains down about 8% over the past one month, reflecting ongoing caution in the market.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
March 18, 2026, 3:11 PM IST
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