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UrbanPiper Lists at 19 Percent Premium After ₹600 Crore IPO as Investors Cheer Growth Prospects
UrbanPiper listed at ₹485 (+19 %) after ₹600 crore IPO; shares ended ₹465 as investors backed global restaurant-tech expansion plans.
Restaurant-tech startup UrbanPiper made a strong debut on the NSE, listing at ₹485 a 19 percent premium over its issue price of ₹408. The stock closed up 14 percent at ₹465 after touching an intra-day high of ₹496. The ₹600 crore IPO was subscribed 34 times with heavy QIB demand. Proceeds will fund product development and international expansion to West Asia and Europe.
UrbanPiper serves 35,000 restaurants across eight countries and recorded FY25 revenue of ₹420 crore, up 51 percent year-on-year.