Three companies are gearing up to make their debut in the Indian stock market next week with the launch of their highly anticipated initial public offerings (IPOs). Urban Company, Dev Accelerator, and Shringar House of Mangalsutra are all set to open subscriptions on September 10, 2025. The bidding window for investors will remain open until September 12, 2025, with the allotment of shares scheduled for September 15, followed by their official listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 17, 2025. Market participants and analysts are already watching the grey market premium (GMP) closely, as it often provides an early indication of how these IPOs might perform once listed.
Urban Company, one of the most well-known consumer service platforms in India, is bringing a sizeable IPO worth ₹1,900 crore to the market. The offer includes a fresh issue of 4.58 crore shares amounting to ₹472 crore, alongside an offer for sale of 13.86 crore shares worth ₹1,428 crore. With a price band fixed between ₹98 and ₹103 per share, the IPO has been structured to attract a wide range of investors. The minimum lot size for retail participants is 145 shares, which translates to an investment of ₹14,935 at the upper price. Meanwhile, small non-institutional investors (SNII) will need to apply for at least 2,030 shares costing ₹2,09,090, and large non-institutional investors (bNII) must bid for 9,715 shares amounting to ₹10,00,645. Kotak Mahindra Capital Company Limited is managing the issue as the lead book runner, while MUFG Intime India Pvt. Ltd. has been appointed registrar. As of September 5, 2025, the GMP for Urban Company was reported at ₹19, implying a potential listing price of ₹122 per share and an estimated gain of 18.45%.
Dev Accelerator is also stepping into the IPO market with a relatively smaller but significant fresh issue valued at ₹143.35 crore. The company will be offering 2.35 crore shares, with a price band fixed between ₹56 and ₹61 per share. The IPO will follow the same subscription and allotment schedule as Urban Company. For retail investors, the minimum application size is set at 235 shares, requiring ₹14,335 at the upper band. Small NIIs will need to apply for 3,290 shares worth ₹2,00,690, while large NIIs must bid for 16,450 shares costing ₹10,03,450. The IPO is being managed by Pantomath Capital Advisors Pvt. Ltd., with Kfin Technologies Ltd. serving as the registrar. GMP data on September 5 showed a premium of ₹9, projecting an estimated listing price of ₹70 per share, which represents an approximate gain of 14.75% for investors.
Shringar House of Mangalsutra, a company with a strong cultural and retail appeal, is launching a fresh issue worth ₹400.95 crore. The offering will comprise 2.43 crore shares, with a price band between ₹155 and ₹165 per share. The IPO schedule mirrors that of the other two companies, with listing on September 17, 2025. For retail investors, the minimum application requires 90 shares, amounting to ₹14,850 at the higher price. Small NIIs must apply for at least 1,260 shares valued at ₹2,07,900, while large NIIs are expected to bid for 6,120 shares, which equals ₹10,09,800. Choice Capital Advisors Pvt. Ltd. is overseeing the issue as lead manager, while MUFG Intime India Pvt. Ltd. will act as the registrar. GMP figures reported on September 5 indicated a premium of ₹20, translating to an estimated listing price of ₹185 per share, a projected gain of 12.12%.
Collectively, the three IPOs have generated significant buzz among investors and market watchers. With their diverse sectors—consumer services, technology acceleration, and jewellery retail—their simultaneous listing on September 17 promises to be a major event for the Indian capital markets. The grey market trends suggest healthy demand, but investors are expected to weigh company fundamentals, sectoral growth potential, and overall market sentiment before making their bets.
