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India's most anticipated annual IPO is about to start trading.

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On September 17, Jin10 reported that Urban Company will begin trading in Mumbai on Wednesday, after completing India's largest IPO this year with the highest oversubscription rate. This leasing service platform may see a strong start - its gray market stock trading price is more than 60% above the upper limit of the IPO price range. According to data compiled by institutions, in this $215 million IPO, the subscription scale from investors exceeded 100 times the number of shares offered, making it the most sought-after new stock among IPOs in India over $100 million in 2025. The successful listing of Urban Company has raised market expectations that it will drive other Indian startups to go public.

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