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Helloji Holidays IPO
Price Band
₹110.0–118.0
Issue Size
₹10.97 Cr
Lot Size
1,200 shares
Min Investment
₹283,200
2 LOTS MIN
GMP
+₹9.0 (7.63%)
Issue Price
₹118.0
Subject to Sauda
₹8200
Paid only if allotted
Helloji Holidays IPO AI Summary
- Helloji Holidays IPO is listed on BSE SME in the Tour, Travel Related Services sector.
- Price band: ₹110.0–₹118.0 per share, lot size 1,200 shares (min. investment ₹283,200, 2 lots minimum).
- Subscription window: 02 Dec–04 Dec 2025, listing on 09 Dec 2025.
- Current GMP is +₹9.0 (7.63%), an estimated listing price of ₹127 — unofficial and can change daily.
Helloji Holidays is set to offer a diverse range of travel services and aims to leverage its strong management and customer base to grow in the travel industry. The IPO presents an opportunity for investors to consider the company's growth potential and market positioning.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Helloji Holidays IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 04 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Helloji Holidays IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+7.63%
Est. Listing
₹127.0
Updated: 25 Jul 2026 14:15
About the Company
Helloji Holidays offer customized holiday packages and complete travel solutions for leisure and corporate travellers. Its service offerings include domestic and international flights, hotels, resorts, cruises, luxury cars, sightseeing, and destination management. The company also offers travel insurance, passport, and visa assistance. Service offerings: Air ticketing: Domestic and international flights bookings Packaged Tours: Inbound and outbound customised tours Hotel Reservation: World-wide hotel reservation and packages Ancillary Services: Cab booking, Visa assistance, Passport assistance, travel Insurance MICE (Meetings, Incentives, Conferences, and Events): Comprehensive corporate travel and event management The company operates across both B2B (Corporate, Agents and institutional clients) and B2C (retail travellers) channels. In FY 2025, it derived 56.98% revenue from B2B segment and rest 43.02% from B2C segment. Competitive Strengths One-stop provider for all travel and related services Synergistic Distribution Model Targeting Business and Leisure Travelers Strong customer Retention Base Organizational stability supported by strong management expertise Experienced and Competent Team
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 8.82 | 8.24 | 4.84 | 2.81 |
| Total Income | 12.74 | 28.18 | 25.97 | 17.18 |
| Profit After Tax | 0.91 | 2.10 | 1.80 | 0.20 |
| EBITDA | 1.16 | 2.83 | 2.63 | 0.40 |
| NET Worth | 7.16 | 6.26 | 2.00 | 0.20 |
| Reserves and Surplus | 4.66 | 3.76 | 1.84 | 0.04 |
| Total Borrowing | 0.04 | 0.57 | 0.93 |
Key Ratios
EPS
₹8.39
NAV
₹25.03
ROE
50.78%
ROCE
44.38%
RoNW
33.51%
P/B Value
4.71
P/E Ratio
14.07
Market Cap
₹40.46 Cr
PAT Margin
7.45%
Debt/Equity
0.01
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Naturewings Holidays Ltd. | 28.95 | 11.84% | 22.74 | 3.96 | 3.96 |
| Travels and Rentals Ltd. | 25.21 | 11.4% | 13.19 | 3.26 | 3.26 |
| LGT Business Connextions Ltd. | 17.76 | 41.89% | 8.04 | 7.44 | 7.44 |
| Helloji Holidays Ltd. This IPO | 25.03 | 33.51% | — | 8.6 | 8.6 |
Promoters
Hitesh Kumar Singla, Nikhil Singla, Nitin Dixit and Anil Kumar Sharma
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements 5.04 2 Capital expenditure towards purchase of Software 2.90 3 General Corporate Purposes 1.60 4 Issue Expenses 1.42 Total 10.96
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹17.18 Cr in the year ending 31 Mar 2023, increasing to ₹25.97 Cr by 31 Mar 2024. It further rose to ₹28.18 Cr in the year ending 31 Mar 2025, before reaching ₹12.74 Cr by 30 Sep 2025. However, the last figure is for a 6-month period, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.20 Cr in the year ending 31 Mar 2023, increasing to ₹1.80 Cr by 31 Mar 2024. This growth continued with a profit of ₹2.10 Cr in the year ending 31 Mar 2025, and reached ₹0.91 Cr by 30 Sep 2025. Again, the last figure is for a 6-month period, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹118.0, Helloji Holidays has an implied P/E of approximately 14.07 based on its EPS of ₹8.39. This is compared to its peers, which have P/E ratios ranging from 8.04 to 22.74.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares before they are officially listed and traded on the stock exchange. A positive GMP suggests that the market expects the shares to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to high volatility and uncertainty in the early days of trading.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 2 December 2025, closing on 4 December 2025, with allotment scheduled for 5 December 2025 and listing on the stock exchange on 9 December 2025.
Listing Gains — The Risk
Listing day gains can be unpredictable. While some IPOs may see a surge in price due to high demand, others may not perform as expected. Investors should be prepared for the possibility of price fluctuations on the first day of trading.
This evaluation is generated from Helloji Holidays's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Helloji Holidays IPO GMP today?
Helloji Holidays IPO GMP today is +₹9.0 (7.63%), indicating an estimated listing price of ₹127. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Helloji Holidays IPO?
The price band of Helloji Holidays IPO is ₹110.0–₹118.0 per share.
When does Helloji Holidays IPO open and close?
Helloji Holidays IPO opens on 02 December 2025 and closes on 04 December 2025.
When does Helloji Holidays IPO list on the stock exchange?
Helloji Holidays IPO listed on 09 December 2025 at ₹127.0.
What is the lot size for Helloji Holidays IPO?
The lot size for Helloji Holidays IPO is 1200 shares, requiring a minimum investment of ₹283,200 (2 lots).
What is the lot size for Helloji Holidays IPO?
The lot size for Helloji Holidays IPO is 1200 shares.
What is the minimum investment required for this IPO?
The minimum investment required is ₹283,200.
What is the price band for the Helloji Holidays IPO?
The price band for the IPO is between ₹110.0 and ₹118.0.
When is the listing date for Helloji Holidays?
The listing date is scheduled for 9 December 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares on the listing day.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
02 Dec 2025
Close
04 Dec 2025
Allotment
05 Dec 2025
Listing
09 Dec 2025
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