Helloji Holidays IPO
Helloji Holidays Ltd. is launching a book-built SME IPO of Rs. 10.96 crore, comprising an entirely fresh issue of 9,28,800 equity shares.
The IPO opens on December 2, 2025 and closes on December 4, 2025. Allotment is expected on December 5, 2025, and the tentative listing date is December 9, 2025 on BSE SME.
The price band is Rs. 110 – Rs. 118 per share, and the lot size is 1,200 shares.
As per Chanakya rule, since the lot value exceeds Rs. 2.50 lakh, minimum application = 2 lots (2,400 shares).
The minimum investment for retail investors is Rs. 2,83,200 (2,400 shares) and for HNI investors Rs. 4,24,800 (3,600 shares).
Lead Manager: Khambatta Securities Ltd.
Registrar: Maashitla Securities Pvt. Ltd.
🕗 Last Update: 26 November 2025, 6.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 2, 2025 |
| IPO Close Date | December 4, 2025 |
| Allotment Date | December 5, 2025 |
| Refunds Initiation | December 8, 2025 |
| Credit to Demat | December 8, 2025 |
| Listing Date | December 9, 2025 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 110 to Rs. 118 per share |
| Lot Size | 1,200 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 9,28,800 shares (Rs. 10.96 Cr) |
| Market Maker Portion | 48,000 shares (Rs. 0.5664 Cr) |
| Net Offer to Public | 8,80,800 shares (Rs. 10.39 Cr) |
| Issue Type | Book Building Issue |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 25,00,000 shares |
| Shareholding Post-Issue | 34,28,800 shares |
Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 49.86% of Net Offer |
| Retail | Not less than 35.01% of Net Offer |
| NII (HNI) | Not less than 15.12% of Net Offer |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / Max) | 2 | 2,400 | 2,83,200 |
| S-HNI (Min) | 3 | 3,600 | 4,24,800 |
| HNI (Max) | 7 | 8,400 | 9,91,200 |
| B-HNI (Min) | 8 | 9,600 | 11,32,800 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 96% |
| Promoter Holding Post-Issue | (Calculated based on RHP) |
Promoters:
Mr. Hitesh Kumar Singla
Mr. Nikhil Singla
Mr. Nitin Dixit
Mr. Anil Kumar Sharma
About Helloji Holidays Ltd.
Helloji Holidays is a diversified travel solutions provider offering customised holiday packages, corporate travel management, and global travel services.
Its offerings include:
• Domestic & International Air Ticketing
• Inbound & Outbound Packaged Tours
• Worldwide Hotel Reservations
• Visa & Passport Assistance
• Travel Insurance
• Luxury Cars & Chauffeur Services
• MICE (Meetings, Incentives, Conferences & Events)
• Corporate & B2B Travel Solutions
The company operates across both B2B (56.98%) and B2C (43.02%) segments.
Competitive Strengths
• One-stop travel solutions platform
• Diversified B2B + B2C revenue channels
• Strong customer retention
• Experienced management with deep domain expertise
• Growing demand for customised travel and MICE services
Financial Snapshot (Rs. crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 8.24 | 4.84 | 2.81 |
| Total Income | 28.18 | 25.97 | 17.18 |
| PAT | 2.10 | 1.80 | 0.20 |
| EBITDA | 2.83 | 2.63 | 0.40 |
| Net Worth | 6.26 | 2.00 | 0.20 |
| Borrowing | 0.04 | 0.57 | 0.92 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 50.78% |
| ROCE | 44.38% |
| Debt/Equity | 0.01 |
| RoNW | 33.51% |
| PAT Margin | 7.45% |
| EBITDA Margin | 10.07% |
| P/BV | 4.71 |
| Market Cap | Rs. 40.46 Cr |
| EPS (Pre) | Rs. 8.39 |
| EPS (Post) | Rs. 6.11 |
| P/E (Pre) | 14.07x |
| P/E (Post) | 19.30x |
Objects of the Issue (Rs. crore)
| S.No. | Objective | Amount (Rs. Cr) |
|---|---|---|
| 1 | Working Capital Requirements | 5.04 |
| 2 | Purchase of Software (Capex) | 2.90 |
| 3 | General Corporate Purpose | Balance |
Contact Details
Helloji Holidays Ltd.
WA-89, Third Floor, Shakarpur, Delhi – 110092
📞 +91 9958083332
✉ compliance@helloji.com
🌐 www.helloji.com
Lead Manager
Khambatta Securities Ltd.
Registrar – Maashitla Securities Pvt. Ltd.
📞 +91-11-45121795-96
✉ investor.ipo@maashitla.com
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Helloji Holidays operates in the fast-growing outbound, inbound, corporate and luxury travel segments. FY25 financials show steady growth with 8% rise in income and 16% jump in PAT, along with very strong return ratios (ROE 50.78%, ROCE 44.38%).
Debt levels are negligible and the business model is diversified across B2B and B2C clients, helping in stable demand. With rising travel spend, MICE expansion and increasing preference for customised tours, the company is well-positioned.
Chanakya View:
Good growth, high return ratios and asset-light model make this IPO moderately attractive for long-term investors. Listing gains will depend on subscription momentum and market sentiment in the travel & hospitality segment.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
