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2025-09-17 10:19:39
[India's most anticipated IPO of the year is about to start trading] Urban will begin trading in Mumbai on Wednesday after completing the largest initial public offering in India this year with the highest oversubscription multiple. The rental service platform may have a strong start - its gray market shares are trading at a premium of more than 60% to the upper limit of the IPO price range. According to data compiled by institutions, in this $215 million IPO, investors subscribed to more than 100 times the number of shares issued, making it the most sought-after new stock in India's IPO of more than $100 million in 2025. Urban's successful listing has led to market expectations that it will drive other Indian startups to go public.
