The rally comes after SBI Mutual Fund made large purchases worth Rs 632.21 crore across both exchanges. The buying came on the day the pre-IPO lockin period for several early investors expired.

Urban Company Shares Surge Over 15% In Trade — Here's Why

Shares of home-services platform Urban Company surged 15% on Wednesday, touching an intraday high of Rs 127.10 on the NSE, after SBI Mutual Fund made large purchases worth Rs 632.21 crore across both exchanges. The buying came on the day the pre‑IPO lock‑in period for several early investors expired.

Following the transaction, SBI MF's stake rose to 3.98%, up from 1.89% at the end of December 2025.

Meanwhile, several existing investors trimmed or exited their holdings. ABG Capital sold 1.74 crore shares at Rs 109.85, amounting to Rs 191.2 crore. It previously held 1.36% as of December 2025. DF International Partners II sold its entire holding of 1.76 crore shares (a 1.22% stake) for Rs 193.9 crore.

BSE data showed Wellington Hadley Harbor AIV Master Investors (Cayman) III, managed by Wellington Management, offloaded 1.58 crore shares at Rs 109.93 and Rs 109.86, collectively worth Rs 349.2 crore, representing a 2.2% stake.

The bulk trades in Urban Company came immediately after the six‑month lock‑in period for pre‑IPO shareholders ended on Tuesday. This release unlocked 940.9 million shares, representing nearly 66% of the company's total outstanding equity, according to Nuvama Alternative & Quantitative Research.

Urban Company had listed on the stock exchanges in September last year, with its IPO priced at Rs 103 per share. The stock delivered strong early gains, almost doubling within days of listing and hitting a post‑IPO high of Rs 201.

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