The initial public offer of the application-based Beauty and Home Services Platform Urban Company Limited received the participation of tremendous investors, the issue was 103.63 times a subscription on the last day of bids on Friday.

According to NSE data, Rs. 1,900 crore IPO bid in 11,06,46,08,960 stocks against 10,67,73,244 stocks.

The category for Qualified Institutional Buyers (QIBS) was subscribed to 140.20 times. Part of non-institutional investors got a subscription 74.04 times, while retail personal investors (RIIS) part received 39.25 times subscription.

On Tuesday, Urban Company raised Rs 854 crore from anchor investors.

The price band of Rs 98-103 is priced at the company’s initial public offering run (IPO).

At the upper end of the price band, the company’s evaluation is Rs. 14,790 crore.

The company plans to use new technical development and funds raised by fresh issues for cloud infrastructure, lease payment for its offices fiso, marketing activities and fresh issues for general corporate purposes.

The urban company operates a technical based, full-stake market Naline market for quality services and solutions in various home and beauty category. Apart from India, it has the presence of the United Arab Emirates, Singapore and the state of Saudi Arabia.

Its platform enables customers to easily order services, including cleaning, pest control, electrical work, plumbing, carpentry, device serving and repair, painting, skinner, hair grooming and massage therapy.

Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldum Sach NSS (India) Securities and JM Financial are book-running lead managers.