Urban Company shares tumble towards IPO price after 6% fall on Monday

Shares of home services provider Urban Company Ltd. fell over 6% on Monday, November 10, taking its losing streak to the fifth straight session.

The stock has declined 15% during this five-day losing streak.

With this, shares of the newly listed company have declined 33% from their post-listing high of ₹201, that the stock had hit on September 22. At its post-listing high, the stock had nearly doubled from its IPO price of ₹103 per share.

As many as 87 lakh shares of Urban Company worth ₹119 crore were traded during Monday's trading session, according to NSE data. 48% of those shares traded were marked for delivery. The stock currently has a 20% circuit limit.

Urban Company emerged as one of the more successful IPOs of 2025, with a subscription of over 100 times. The portion reserved for retail investors was also subscribed 41 times.

In its first quarterly result after listing, Urban Company reported a net loss of ₹59 crore, while the India business saw a sharp contraction in margins due to increased investments in the Insta Help business.

The management also said that the increasing investments in Insta Help could further impact the company's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA), along with its profitability.

Abhiraj Singh Bhal, CMD and CEO at Urban Company, speaking at the CNBC-TV18 Global Leadership Summit 2025, said that when a company goes global, one learns how to make products that are globally competitive.

Shares of Urban Company ended 6.3% lower on Monday at ₹133.4. The stock is nearing its IPO price of ₹103 per share.