About Urban Estates REIT
Real Estate / REIT
Urban Estates REIT is a real estate investment trust focused on Grade A commercial office spaces in Mumbai and Pune. The portfolio includes 4.2 million sq ft of leasable area with 92% occupancy.
UE
Urban Estates REIT
closed
Mainboard
ABOUT COMPANY
Mainboard / Real Estate / REIT - Urban Estates REIT is a real estate investment trust focused on Grade A commercial office spaces in Mumbai and Pune. The portfolio includes 4.2 million sq ft of leasable area with 92% occupancy.
PRICE BAND
Rs 300 - 316
LOT SIZE
47
Shares
MIN INVEST
Rs 14,852
CUT-OFF
Rs 316
per share
Open
03 Feb 2026
Last Day
07 Feb 2026
Allotment
10 Feb 2026
Listing
12 Feb 2026
Est. Listing Price
GMP BasedRs 334
Issue Price + GMP (Dynamic)
Est. Profit (1 Lot)
GMP Based+Rs 846
+5.7% (47 shares)
IPOGyani AI Engine - Live Prediction
+6.2%
Range: +2.2% to +10.2%
Confidence: Moderate - 68%
Confidence Score - 68%
📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 58/100📊 Sub 8.4x🏭 Real Estate / REIT
Next refresh: --:---Updated: --:-- IST-Model: IPOGyani v2.1
Final Subscription
Final subscription snapshot
Final subscription data is being compiled.
Current IPO Status: closed
Issue Details
Total Issue Size
Rs 1,200 Cr
Price Band
Rs 300 - 316
Issue Size for Retails
Rs 300 Cr
= Total Issue Size × Retail Quota % / 100
= Rs 1200 Cr × 25% / 100
Fresh Issue vs OFS
Fresh Issue
Rs 1,200 Cr (100%)Basic Details
IPO Date
03 Feb 2026 - 07 Feb 2026Listing Date
12 Feb 2026Lot Size
47 SharesMin Investment
Rs 14,852Listing At
MainboardReservation Quota
QIB
50%
Retail
25%
NII
25%
Lead Manager
Axis Capital
Registrar
Link Intime India
Objects of the Issue (as per DRHP)
- 1Acquisition of additional commercial properties
- 2Repayment of existing debt
- 3Capital expenditure on existing properties
- 4General REIT expenses
Company Financials
Revenue Growth
16.4% YoY
FY23
Rs 285 Cr
FY24
Rs 342 Cr
FY25
Rs 398 Cr
Other Financial Metrics
EBITDA (FY25)
Rs 278 Cr
16.8% YoY
ROE
8.5%
Return on Equity
ROCE
7.8%
Return on Capital
Debt/Equity
0.45
Low Debt
2-Year CAGR
Revenue CAGR18.2%
Profit CAGR22.0%
P/E Ratio
NA
At upper band
Market Cap
~4,800 Cr
Post issue
MARKET SENTIMENT SCORE
0
50
100
58
Neutral
Based on expert reviews, GMP trends & market signals
Expert Reviews & Opinions
Expert reviews for Urban Estates REIT IPO will appear here once available.
Reviews are summarized from YouTubers, analysts, news channels, and brokerage firms using AI.
Official Documents
Prospectus filings and anchor allotment disclosures from SBI Funds Management Limited.
Peer Comparison
Comparing with 2 listed peersIPO P/E Ratio
N/A
IPO Market Cap
~4,800 Cr
Peer Avg: 25K Cr
IPO ROE
8.5%
vs Peer Avg: 8.2%
| Company | Market Cap | Revenue | PAT | P/E | ROE |
|---|---|---|---|---|---|
UE Urban Estates REITIPO | ~4,800 Cr | Rs 398 Cr | Rs 186 Cr | - | 8.5% |
| Embassy REIT | 32K Cr | 3.2K Cr | 1.2K Cr | - | 8.5% |
| Mindspace REIT | 19K Cr | 2.1K Cr | 850 Cr | - | 7.8% |
| Peer Average | 25K Cr | 2.6K Cr | 1.0K Cr | - | 8.2% |
Quick Analysis
- ROE of 8.5% is above peer average (8.2%), indicating better return on equity.
- Market cap post-listing would place Urban Estates REIT below peer average in terms of size.
* All peer data is from publicly available sources. Financial figures are latest reported annual numbers.
IPO Details
| Open Date | 03 Feb 2026 |
| Close Date | 07 Feb 2026 |
| Allotment Date | 10 Feb 2026 |
| Listing Date | 12 Feb 2026 |
| Issue Type | Book Build Issue |
| Issue Size | Rs 1,200 Cr |
| Fresh Issue | Rs 1,200 Cr |
| OFS | Nil |
| Price Band | Rs 300 - 316 |
| Lot Size | 47 shares |
| Min Investment (Retail) | Rs 14,852 |
| Face Value | Rs 1 per share |
| Listing Exchange | Mainboard |
Company Information
| Company Name | Urban Estates REIT Ltd |
| Industry | Real Estate / REIT |
| Registrar | Link Intime India |
| Lead Manager | Axis Capital |
| Market Cap (Upper) | ~4,800 Cr |
| P/E (Upper Band) | N/A |
About the Company
Urban Estates REIT is a real estate investment trust focused on Grade A commercial office spaces in Mumbai and Pune. The portfolio includes 4.2 million sq ft of leasable area with 92% occupancy.
Grey Market Premium
Urban Estates REIT IPO GMP Today
GMP trend chart and full day-by-day history
Subscription Status
Urban Estates REIT IPO Subscription
Live status, allotment chance and day-wise figures
Urban Estates REIT IPO - Frequently Asked Questions
9 common questions about this IPO
01.What is the price band of Urban Estates REIT IPO?
The price band of Urban Estates REIT IPO is Rs 300-316 per share. The lot size is 47 shares per lot, so the minimum retail investment is Rs 14,852.02.What is the GMP of Urban Estates REIT IPO today?
The current Grey Market Premium (GMP) of Urban Estates REIT IPO is Rs 18. GMP is an unofficial market signal and not a guaranteed listing price. IPOGyani updates GMP every 15 minutes from multiple grey-market sources - see the full GMP history and live trend on the dedicated GMP page.03.What is the subscription status of Urban Estates REIT IPO?
Urban Estates REIT IPO is subscribed 8.4x overall so far. See the full day-wise category breakup (Retail, NII, QIB) and the live subscription trend on the dedicated subscription page.04.When is Urban Estates REIT IPO opening and closing?
Urban Estates REIT IPO opens for subscription on 2026-02-03 and closes on 2026-02-07. The allotment is expected on 2026-02-10 and listing on 2026-02-12.05.What is the expected listing gain of Urban Estates REIT IPO?
IPOGyani's AI model predicts a listing gain of approximately 6.2% for Urban Estates REIT IPO. The prediction combines subscription velocity, peer-group performance, sector trends and fundamentals. This is an estimate and not investment advice.06.Should I subscribe to Urban Estates REIT IPO?
Urban Estates REIT IPO is currently 8.4x subscribed with a GMP of Rs 18 and an AI-predicted listing gain of 6.2%. Read the full analysis on this page - including expert reviews, peer comparison, financials and subscription pattern - before making any investment decision.07.Who is the registrar of Urban Estates REIT IPO?
The registrar of Urban Estates REIT IPO is Link Intime India. After allotment you can check your status on the registrar's website using your PAN or application number.08.Who are the lead managers of Urban Estates REIT IPO?
The lead manager(s) of Urban Estates REIT IPO is/are Axis Capital.09.How can I apply for Urban Estates REIT IPO?
You can apply for Urban Estates REIT IPO via UPI through any SEBI-registered broker (Zerodha, Groww, Upstox, ICICI Direct, HDFC Sky etc.) or through ASBA via your bank's net-banking portal. Select Urban Estates REIT, pick the number of lots (47 shares per lot), enter your UPI ID, and approve the mandate before the IPO closes on 2026-02-07.
Disclaimer
IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.
AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.
GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.
Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.