Urban Company not helping investors to make gains

No hypergrowth

- Manish Jash [e-mail]

Urban Co. Ltd’s shares hit an all-time low of ₹125.23 on the National Stock Exchange on Monday, While still at a premium to initial public offering price of ₹103, it marks a 36% slide from the high of ₹201.18 on 22 September.

A crucial date to track is 15 December, when anchor investors who are now under a lock-in period will be able to sell 41.5 million shares, or 3% of the company’s equity capital. Notably, the fall in the stock price had accelerated after the first lock-in period ended on 15 October.