Investors in mad rush commit Rs 1.2 lakh crore for 3 IPOs seeking just Rs 2,400 crore

The three IPOs of Urban Company, Shringar House and Dev Accelerator received overwhelming demand from investors as investors committed a cumulative amount of Rs 1.22 lakh crore. Urban Company pocketed the highest bids for nearly 1000 crore shares as against 10 crore shares on offer.

The issue, which was priced at Rs 103, received bids worth Rs 1.13 lakh crore as against Rs 1900 crore on offer. Dev Accelerator, which garnered a subscription of nearly 64 times, got bids for Rs 5,124 crore. The company planned to raise about 143 crore. Meanwhile, Shringar House of Mangalsutra too was subscribed over 60 times, receiving bids for 16,927 crore.

All the three IPOs will see their allotment finalised on Monday with listing dates scheduled for Wednesday. In line with the demand, the GMPs for these companies were healthy. Urban Company has been commanding a premium of over 40% on the final day of bidding.

For Urban Company, analysts said the strong demand underlines investor confidence, positioning the IPO among the most actively subscribed issues of the year.

However, this IPO is suited for high-risk, high-reward investors and for those with a long-term horizon who believe in the company’s ability to scale sustainably as online penetration deepens.

“Our stance would be to stay cautious given the growth potential but stretched valuations,” said Gaurav Garg, Lemonn Markets Desk.The performance on these IPOs on listing day will be closely watched as a signal of whether primary market rush can sustain through the record-breaking pipeline expected in FY26. India is one of the world’s leading IPO markets, raising over Rs 1.5 lakh crore in 2024 and has retained that spot in 2025.Analysts say the deluge of IPOs — with Rs 2.8 lakh crore of issues lined up excluding Jio — hasn’t deterred retail and institutional buyers. Urban Company’s tech-led consumer story, Dev Accelerator’s Tier-2 office play, and Shringar’s niche jewellery positioning have all attracted different demand pockets.

According to data from Primedatabase, Sebi has given green light to issues worth about Rs 1.14 lakh crore and Rs 1.64 lakh crore worth offers are pending approval. This comes as regulator shortened approval timelines, using AI tools to scan documents and clear applications faster.