Urban Company shares have nearly doubled from their IPO price in just four trading sessions

Shares of newly listed Urban Company Ltd. are up another 5% on Monday, September 22, extending their gains further from their IPO price of ₹103.

At the highest point of the day on Monday, the stock had hit an intraday high of ₹201.18, which was within touching distance of the ₹206 level, which would have meant that the stock has delivered a 100% return from its IPO price.

The stock though, has cooled off slightly after touching its intraday highs.

Shares of Urban Company had ended their trading debut with gains of 62% from its issue price. The stock followed that up with a 2% advance on Thursday and another 9% on Friday.

Volumes for Urban Company's shares have also remained on the higher side. Close to 8 crore shares have already changed hands in just over two hours of today's trading session. Close to 13 crore shares had changed hands last Friday, following 19 crore shares that were traded on its debut.

Urban Company shares worth over ₹1,500 crore have changed hands in today's session already.

“We think of ourselves as a home platform. Anything inside your home is

definitely relevant for us. We want to be the operating system for your home, the backbone for your home,” Abhiraj Bhal, Chairperson, MD and CEO, Urban Company, told CNBC-TV18 in an exclusive chat after its listing.

Shares of Urban Company are trading 4.8% higher on Monday at ₹193.6.