Urban Company shares jump 8%; Here's why October 16 is an important session for the stock

Shares of newly listed home service provider Urban Company Ltd. are trading with gains of up to 8% on Wednesday, October 15, thereby snapping a five-day losing streak, which took the stock below its listing price.

The stock had declined 12% in the last five trading sessions, making an intraday low of ₹149.69, and dropping below its listing price of ₹162 per share. After this recent upmove, the stock has managed to go past its listing price again

At the day's low on Tuesday, the stock had declined 26% from its post-listing high of ₹201 per share.

Thursday, October 16, is an important trading session for the company has its one month shareholder lock-in period comes to an end.

According to Nuvama Alternative & Quantitative Research, as many as 4.15 crore shares of Urban Company, amounting to 3% of the outstanding equity, will free up for trade once the shareholder lock-in period ends.

Based on the current market price, the total value of the shares that will free up for trade once the shareholder lock-in ends, amounts to ₹651 crore.

It must be specified that the end of the shareholder lock-in period does not mean that all the shares will be sold in the open market. They only become eligible to be traded.

The company is yet to disclose its shareholding pattern.

Urban Company became one of the most successful listings of 2025, with shares making their debut at a significant premium to their issue price of ₹103 and nearly doubling within a few days, before the correction began.

Shares of Urban Company are trading 9% higher on Wednesday at ₹162.45.