Urbanest Realty Limited

Real Estate · Mainboard IPO

ListedMainboardModerate risk

Last updated 2026-08-01 18:30 IST

Key details

Price band: Rs 352 – 372
Face value: Rs 10
Lot size: 40 shares
Minimum investment: Rs 14,880
Issue size: Rs 1,480 Cr
Fresh issue: Rs 1,000 Cr
Offer for sale: Rs 480 Cr
Employee discount: Rs 35 per share for eligible employees
Retail quota: 35% of the issue
Registrar: Link Intime India Private Limited
Exchanges: BSE, NSE
Opening date: 08 Jul 2026
Closing date: 10 Jul 2026
Allotment date: 11 Jul 2026
Listing date: 15 Jul 2026

Explain this IPO simply

The same information as the prospectus, written the way you would explain it to a friend.

What the company does

Urbanest Realty develops mid-income residential projects in Pune, Nashik and Ahmedabad and also manages a small rental office portfolio.

How it earns money

Revenue is recognised as apartments are sold and construction progresses, plus rent from office space.

Why it is launching an IPO

The issue funded land acquisition and repayment of construction loans.

Where the IPO money will be used

Land acquisition (40%), Repayment of borrowings (24%), General corporate purposes (4%), Offer for sale to selling shareholders (32%).

Major strengths

Completed project record, Rental income adds stability.

Major risks

Cash flow can be uneven, Interest rate sensitivity.

Clarity score: 73 / 100

Business simplicity7/10

Financial consistency6/10

Debt position6/10

Promoter background availability8/10

Risk disclosure clarity8/10

Valuation transparency7/10

Data completeness9/10

What this score means

This score measures how easy the available information is to understand. It is not a buy, hold or sell recommendation.

Financial performance

FY2023Revenue Rs 1,640 Cr · PAT Rs 128 Cr

FY2024Revenue Rs 1,810 Cr · PAT Rs 112 Cr

FY2025Revenue Rs 2,260 Cr · PAT Rs 186 Cr

Revenue moved from Rs 1,640 Cr in FY2023 to Rs 2,260 Cr in FY2025. Profit after tax over the same period moved from Rs 128 Cr to Rs 186 Cr. These are past figures only and are not a forecast.

Potential strengths

Completed project record
The company reports 31 delivered projects since inception.
Source: RHP, Our Business, page 138
Rental income adds stability
Office rentals provide a smaller but steadier revenue stream.
Source: RHP, Our Business, page 146

Potential risks

Cash flow can be uneven
Real estate revenue depends on project milestones and approvals.
Source: RHP, Risk Factors, page 28
Interest rate sensitivity
Home loan rates influence buyer demand.
Source: RHP, Risk Factors, page 35

Use of IPO funds

Money marked as going to selling shareholders does not reach the company.

Land acquisition (to the company)40%

Repayment of borrowings (to the company)24%

General corporate purposes (to the company)4%

Offer for sale to selling shareholders (to selling shareholders)32%

Valuation

: 29.8
: 3.4
Earnings per share: 12.4
Return on net worth: 12.8%
Net asset value: 108.4

Peer comparison

Company	P/E	RoNW
Skyline Habitats	33.1	13.6%
Pratham Estates	26.2	10.9%

Subscription status

Qualified institutional buyers22.40x

Non-institutional investors31.80x

Retail investors9.10x

Employees4.20x

Shareholder categoryNot applicable

Total19.60x

Day 1 total: 3.40x
Day 2 total: 9.80x
Latest total: 19.60x

Updated 2026-07-10 17:00 IST

Important documents

IPO timeline

IPO opens
08 Jul 2026
First day you can apply.
IPO closes
10 Jul 2026
Last day to apply, usually by evening.
Allotment
11 Jul 2026
Who gets shares is decided.
Refund / unblock
14 Jul 2026
Blocked money is released if you did not get shares.
Shares in demat
14 Jul 2026
Allotted shares reach your demat account.
Listing day
15 Jul 2026
Shares start trading on the exchange.

Frequently asked questions

Where this information comes from

Last updated: 2026-08-01 18:30 IST
Last verified: 2026-08-01
Primary source: Exchange listing announcement
Secondary source: RHP filed with SEBI

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