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UHM Vacation IPO
Price Band
₹157.0–166.0
Issue Size
₹36.02 Cr
Lot Size
800 shares
Min Investment
₹265,600
2 LOTS MIN
GMP
—
Issue Price
₹166.0
UHM Vacation IPO AI Summary
- UHM Vacation IPO is listed on BSE SME in the Tour, Travel Related Services sector.
- Price band: ₹157.0–₹166.0 per share, lot size 800 shares (min. investment ₹265,600, 2 lots minimum).
- Subscription window: 04 Jun–08 Jun 2026, listing on 11 Jun 2026.
UHM Vacation Ltd is a B2B travel and tourism platform offering a wide array of travel services through a unified technology interface. The company has shown consistent growth in revenue and profit, and is utilizing the proceeds from its IPO for capital expenditure, marketing, working capital, and other corporate purposes. The IPO opens on 4th June 2026 and is aimed at raising ₹36.02 Cr.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
0.23x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
0.00x
|
0.00x |
| NII (HNI) |
0.29x
|
0.29x |
| ↳ bNII (>₹10L) |
0.40x
|
0.40x |
| ↳ sNII (<₹10L) |
0.06x
|
0.06x |
| Retail (RII) |
0.18x
|
0.18x |
| Total | 0.23x | 0.23x |
Auto-updated every 5 min · As of 4th Jun 2026 18:56
UHM Vacation IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
UHM Vacation Ltd operates as a B2B travel and tourism platform offering end-to-end travel booking solutions through a unified technology interface. The company provides access to a broad range of travel services, including flight bookings, hotel stays, cruises, car rentals, visa support, airport transfers, sightseeing tours, and holiday packages. These services are sourced from multiple travel providers through direct partnerships as well as third-party aggregators, allowing travel agencies, corporate travel planners, and independent agents to search, compare, and book travel products from a single platform. Its in-house technology platform serves as a digital marketplace connecting travel suppliers with agents in real time. Suppliers can manage inventory, pricing, and availability directly on the platform, while agents can efficiently access and book available travel services without maintaining individual relationships with each supplier. This streamlined model improves booking efficiency and expands access to travel inventory. UHM Vacation has established a presence across India and in Gulf Cooperation Council (GCC) countries through its growing network of registered travel agents. Key strengths of the company include: Diverse portfolio of travel services under one platform Easy-to-use and integrated booking technology Strong reach across international markets, particularly the GCC region Asset-light and scalable business model Experienced leadership team with industry expertise and execution capabilities
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 28 Feb 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 43.41 | 39.06 | 19.34 | 3.60 |
| Total Income | 45.29 | 40.20 | 30.66 | 20.49 |
| Profit After Tax | 8.05 | 7.18 | 5.27 | 0.11 |
| EBITDA | 9.19 | 8.26 | 5.87 | 0.18 |
| NET Worth | 30.05 | 20.96 | 13.72 | 0.98 |
| Reserves and Surplus | 25.15 | 19.86 | 12.62 | 0.87 |
| Total Borrowing | 0.06 | 0.48 | 0.38 |
Key Ratios
EPS
₹14.67
NAV
₹43.08
ROE
41.42%
ROCE
46.01%
RoNW
41.42%
P/B Value
3.85
P/E Ratio
11.32
Market Cap
₹110.32 Cr
PAT Margin
17.89%
Debt/Equity
0.02
Promoters
Izhar Ahmad and Rubeena Khatoon I Ahmed
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 To Meet the Capital Expenditure 10.47 2 Funding for Marketing and Promotional Activities 4.90 3 To meet working capital requirements 6.42 4 General Corporate Purposes 3.45 5 Issue expenses 4.70 Total 29.94
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹20.49 Cr in the year ending 31 Mar 2023, increasing to ₹30.66 Cr by 31 Mar 2024, further rising to ₹40.20 Cr for the year ending 31 Mar 2025, and reaching ₹45.29 Cr by 28 Feb 2026. This shows a consistent upward trend in revenue over the periods analyzed.
Profit Trend
Profit After Tax was ₹0.11 Cr in the year ending 31 Mar 2023, increasing to ₹5.27 Cr by 31 Mar 2024, then rising to ₹7.18 Cr for the year ending 31 Mar 2025, and reaching ₹8.05 Cr by 28 Feb 2026. This indicates a steady growth in profitability across the periods.
Grey Market Premium, Explained
The grey market refers to the unofficial market where IPO shares are traded before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the IPO shares compared to the issue price. A positive GMP suggests strong demand, while a negative GMP indicates weaker demand.
Subscription Demand
As of 4th June 2026, the overall subscription level was 0.23 times the total shares offered. The Non-Institutional Investors (NII) category saw a subscription of 0.29 times, while the Retail Investors (RII) category was subscribed at 0.18 times. The bNII category (>₹10L) had a subscription of 0.4 times, and the sNII category (<₹10L) was at 0.06 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy, considering the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with a proven track record may want to avoid this IPO, as it operates in a competitive and evolving sector.
IPO Timeline, Explained
The IPO opens for subscription on 4th June 2026 and closes on 8th June 2026. Allotment of shares will be done on 9th June 2026, with the listing date set for 11th June 2026.
Listing Gains — The Risk
Listing gains are the profits made when shares are sold on the listing day at a higher price than the issue price. However, these gains are not guaranteed, and the stock price can fluctuate significantly after listing due to market conditions, investor sentiment, and overall demand.
This evaluation is generated from UHM Vacation'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 the price band of UHM Vacation IPO?
The price band of UHM Vacation IPO is ₹157.0–₹166.0 per share.
When does UHM Vacation IPO open and close?
UHM Vacation IPO opens on 04 June 2026 and closes on 08 June 2026.
When does UHM Vacation IPO list on the stock exchange?
UHM Vacation IPO listed on 11 June 2026 at ₹166.0.
What is the lot size for UHM Vacation IPO?
The lot size for UHM Vacation IPO is 800 shares, requiring a minimum investment of ₹265,600 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹157.0 to ₹166.0.
What is the minimum investment required?
The minimum investment required is ₹265,600.
What is the lot size for the IPO?
The lot size for the IPO is 800 shares.
When is the listing date?
The listing date is scheduled for 11th June 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares on the listing day compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Jun 2026
Close
08 Jun 2026
Allotment
09 Jun 2026
Listing
11 Jun 2026
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