Urban Company IPO subscribed 3.13 times on day 1

Urban Company’s IPO was fully subscribed within hours of opening, with a total subscription of 3.13 times. The company received bids for 33,37,87,825 shares against 10,67,73,244 shares on offer. The retail individual investors category was subscribed 7 times, while the non-institutional investors portion received 4.16 times subscription.