Published: 1 June 2026 | 6.10 AM
Last Updated: 1 June 2026 | 2.00 PM
IPO Overview / Intro
UHM Vacation IPO is a SME Book Build IPO aggregating up to Rs. 36.02 Crore. The issue comprises a fresh issue of 17.49 lakh equity shares aggregating to Rs. 29.04 Crore and an Offer For Sale of 4.20 lakh equity shares aggregating to Rs. 6.97 Crore.
The IPO opens for subscription on 04 June 2026 and closes on 08 June 2026. The shares are proposed to be listed on BSE SME with a tentative listing date of 11 June 2026.
UHM Vacation Ltd is a B2B travel and tourism aggregator offering airline tickets, hotel bookings, cruises, visa services, transfers, holiday packages and other travel-related solutions through a unified technology platform. The company serves travel agencies, corporate travel managers and independent travel agents across India and GCC countries.
Key Highlights
| Particulars |
Details |
| IPO Type |
SME Book Build IPO |
| Issue Size |
Rs. 36.02 Crore |
| Fresh Issue |
Rs. 29.04 Crore |
| Offer For Sale |
Rs. 6.97 Crore |
| Price Band |
Rs. 157 to Rs. 166 Per Share |
| Face Value |
Rs. 10 Per Share |
| Listing Exchange |
BSE SME |
| Lot Size |
800 Shares |
| Retail Application |
1,600 Shares |
| Market Cap |
Rs. 110.32 Crore |
| Listing Date |
11 June 2026 (Tentative) |
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
UHM Vacation IPO GMP – Latest Update
| GMP Details |
Value |
| UHM Vacation IPO GMP Today |
Updating Soon |
| Kostak Rate |
Updating Soon |
| Subject to Sauda |
Updating Soon |
UHM Vacation IPO Subscription Status – Live Update
| Category |
Subscription |
| QIB Category |
Updating Soon |
| NII Category |
Updating Soon |
| Retail Category |
Updating Soon |
| Total Subscription |
Updating Soon |
IPO Details at a Glance
| Particulars |
Details |
| IPO Date |
04 June 2026 to 08 June 2026 |
| Listing Date |
11 June 2026 |
| Face Value |
Rs. 10 Per Share |
| Price Band |
Rs. 157 to Rs. 166 Per Share |
| Lot Size |
800 Shares |
| Issue Type |
Book Build IPO |
| Listing At |
BSE SME |
| Total Issue Size |
21,69,600 Shares |
| Fresh Issue |
17,49,600 Shares |
| Offer For Sale |
4,20,000 Shares |
| Issue Size |
Rs. 36.02 Crore |
| Reserved for Market Maker |
1,10,400 Shares |
| Net Offered to Public |
20,59,200 Shares |
| Shareholding Pre Issue |
48,96,236 Shares |
| Shareholding Post Issue |
66,45,836 Shares |
| Market Cap |
Rs. 110.32 Crore |
IPO Timetable
| Event |
Date |
| IPO Open Date |
04 June 2026 |
| IPO Close Date |
08 June 2026 |
| Basis of Allotment |
09 June 2026 |
| Refund Initiation |
10 June 2026 |
| Credit of Shares |
10 June 2026 |
| Listing Date |
11 June 2026 |
Reservation
| Investor Category |
Shares Offered |
| QIB Shares Offered |
Not More Than 0.20% of Net Offer |
| Retail Shares Offered |
Not Less Than 49% |
| NII Shares Offered |
Not Less Than 49% |
Lot Size
| Application Type |
Lots |
Shares |
Amount |
| Retail Minimum |
2 |
1,600 |
Rs. 2,65,600 |
| Retail Maximum |
2 |
1,600 |
Rs. 2,65,600 |
| S-HNI Minimum |
3 |
2,400 |
Rs. 3,98,400 |
| S-HNI Maximum |
7 |
5,600 |
Rs. 9,29,600 |
| B-HNI Minimum |
8 |
6,400 |
Rs. 10,62,400 |
Company Details
UHM Vacation Ltd was incorporated in 2009 and operates as a technology-driven B2B travel and tourism aggregation platform.
The company offers airline tickets, hotel accommodations, cruises, car rentals, visa assistance, transfers, tours and holiday packages through a single integrated technology platform. Its proprietary system enables travel agents and corporate travel managers to search, compare and book travel services efficiently.
The company has established operations across India and GCC countries through a growing network of registered travel agents.
Competitive Strengths
| Key Strengths |
| Comprehensive Service Offering |
| Convenient and User-Friendly Platform |
| International Market Access |
| Scalable Business Model |
| Experienced Management Team |
| Strong Supplier-Agent Technology Integration |
IPO Objects
| Sr. No. |
Objects of the Issue |
Est Amt (Rs. Crore) |
| 1 |
Capital Expenditure |
10.47 |
| 2 |
Marketing & Promotional Activities |
4.90 |
| 3 |
Working Capital Requirements |
6.42 |
| 4 |
General Corporate Purposes |
– |
Company Address
| Particulars |
Details |
| Registered Office |
C-715, Dattani Plaza, Near E.W. Industrial Estate, Safed Pool, Saki Naka, Andheri East, Mumbai – 400072 |
| Phone |
022-46079484 |
| Email |
cs@uhmvacation.com |
Lead Manager & Registrar
| Particulars |
Details |
| Lead Manager |
Sobhagya Capital Options Pvt. Ltd. |
| Registrar |
MUFG Intime India Pvt. Ltd. |
| Market Maker |
Updating Soon |
Financials
| Particulars (Rs. Crore) |
Jun 2025 |
FY2025 |
FY2024 |
FY2023 |
| Total Assets |
41.72 |
39.06 |
19.34 |
3.60 |
| Total Income |
10.96 |
40.20 |
30.66 |
20.49 |
| Profit After Tax |
1.79 |
7.18 |
5.27 |
0.11 |
| EBITDA |
2.07 |
8.26 |
5.87 |
0.18 |
| Net Worth |
22.98 |
20.96 |
13.72 |
0.98 |
| Reserves & Surplus |
21.87 |
19.86 |
12.62 |
0.87 |
| Total Borrowings |
0.53 |
0.48 |
0.38 |
Nil |
Valuation
Key Performance Indicators (KPI)
| KPI |
Feb 2026 |
Mar 2025 |
| ROE |
31.56% |
41.42% |
| ROCE |
35.14% |
46.01% |
| Debt/Equity |
0.00 |
0.02 |
| RoNW |
31.56% |
41.42% |
| PAT Margin |
17.80% |
17.89% |
| EBITDA Margin |
20.32% |
20.56% |
| Price to Book Value |
2.70 |
3.85 |
EPS & Valuation
| Particulars |
Pre IPO |
Post IPO |
| EPS (Rs.) |
14.67 |
10.75 |
| P/E (x) |
11.32x |
15.45x |
Shareholding Pattern
| Particulars |
Pre Issue |
Post Issue |
| Promoter Holding |
97.35% |
65.40% |
Chanakya View
Investment Summary
| Parameter |
Observation |
| Business Segment |
Travel Technology Platform |
| Industry Outlook |
Positive |
| Revenue Growth |
Strong |
| Profitability |
Healthy |
| Technology Platform |
Proprietary |
| International Presence |
GCC Exposure |
| Valuation |
Attractive |
| SME Liquidity Risk |
Present |
Positives
| Strengths |
| Asset-light scalable business model |
| Strong travel technology platform |
| Presence across India and GCC markets |
| Healthy profitability profile |
| Low debt levels |
| Experienced management team |
Concerns
| Risks |
| Travel industry cyclicality |
| Competitive online travel market |
| Dependence on travel demand |
| SME liquidity risk |
| International market exposure risk |
UHM Vacation operates in the growing travel technology segment where increasing digital adoption is helping travel intermediaries streamline bookings and improve customer service.
The company has reported consistent growth in revenue and profitability while maintaining a debt-light balance sheet. Its integrated platform, diversified service offerings and GCC presence provide additional growth opportunities.
At the upper price band of Rs. 166, the IPO is valued at around 15.45x post-issue earnings, which appears reasonable considering its profitability, scalable business model and growth prospects.
Investors should however consider the cyclical nature of the travel industry and SME liquidity risks post listing.
Considering healthy financial performance, scalable technology platform, low leverage and reasonable valuation, long-term investors may consider the IPO with a medium to long-term investment horizon.
FAQs
What is UHM Vacation IPO GMP today?
UHM Vacation IPO GMP is currently not available. Investors should track live GMP updates before listing to assess grey market sentiment.
What is the UHM Vacation IPO price band?
The price band of UHM Vacation IPO is fixed at Rs. 157 to Rs. 166 per share.
What is the UHM Vacation IPO lot size?
The lot size is 800 shares. Retail investors are required to apply for a minimum of 2 lots comprising 1,600 shares amounting to Rs. 2,65,600.
When will UHM Vacation IPO list?
UHM Vacation IPO is proposed to be listed on BSE SME on 11 June 2026, subject to completion of allotment and regulatory approvals.
