Helloji Holidays is an SME book-built IPO that will be listed on the BSE SME platform. A total of 9,28,800 shares amounting to ₹10.96 crore will be issued. The face value is ₹10/share. The IPO bidding starts on December 2, 2025. The bidding will end on December 4, 2025. The shares of this IPO are expected to be allotted on December 5, 2025, and the tentative date of listing is December 9, 2025.
The price is set between ₹110 per share and ₹118 per share, and the lot size is 1,200 shares. Retail investors will have to make a minimum investment amount of ₹2,83,200 for 2 lots. The sNII category will have to apply for at least 3 lots, making their investment ₹4,24,800. For bNII, this amount is ₹11,32,800 for 9 lots.
Helloji Holidays IPO Details
The important details of this IPO are given in the table below:
| Particulars | Details |
| Bidding Starts | December 2, 2025 |
| Bidding Ends | December 4, 2025 |
| Face value | ₹10 per share |
| Price Band | ₹110 to ₹118 per share |
| Issue price | |
| IPO Lot Size | 1,200 Shares |
| Offer for sale | |
| Fresh issue | 9,28,800 shares (₹10.96 crore) |
| Issue Type | Bookbuilding Issue |
| Listing Platform | BSE SME |
| Total Issue Size (₹ Crore) | 9,28,800 shares (₹10.96 crore) |
| Market Maker Reservation | 48,000 shares (₹0.5664 Cr) |
| Public Offering | 8,80,800 shares (₹10.39 crore) |
| Minimum Investment | ₹2,83,200 |
| Retail Discount | – |
Helloji Holidays IPO Timeline
The key dates of Helloji Holidays IPO are given below:
| Particulars | Details |
| IPO opens | December 2, 2025 |
| IPO closes | December 4, 2025 |
| Allotment expected on | December 5, 2025 |
| Start of refund process | December 8, 2025 |
| Demat credit of allotted shares | December 8, 2025 |
| Listing expected on | December 9, 2025 |
| UPI mandate cut-off time | 5 PM on December 4, 2025 |
Helloji Holidays IPO DRHP Status
The current status of the Helloji Holidays IPO DRHP is given below:
| Filed with SEBI/Exchange | DRHP filed with BSE SME. |
| SEBI/Exchange approval received | In-principle listing approval received on October 23, 2025. |
Grey Market Premium of Helloji Holidays IPO
The Helloji Holidays IPO GMP today stands at ₹0, indicating a flat response from the grey market. The premium has shown no movement over the past three days, indicating the listing price will be equal to the issue price.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 28-11-2025 | ₹0 | ₹118 | 0% | Neutral |
| 27-11-2025 | ₹0 | ₹118 | 0% | Neutral |
| 26-11-2025 | ₹0 | ₹118 | 0% | Neutral |
Note: GMP figures are taken from the grey market and can change with shifts in demand, subscription status, and market sentiment.
What is Helloji Holidays IPO GMP Percentage?
With a GMP of ₹0, the Helloji Holidays IPO reflects an estimated listing price of ₹118, implying 0% expected listing gain. This indicates that the IPO is likely to list around its upper price band, showing a neutral sentiment in the grey market.
Helloji Holidays IPO Reservation
The IPO shares are reserved as per the investor category in the following manner:
| Investor Type | Shares Offered |
| Market Maker Shares | – |
| QIB Shares | Up to 49.86% of the Net Offer |
| NII (HNI) Shares | At least 35.01% of the Net Offer |
| Retail Shares | At least 15.12% of the Net Offer |
Helloji Holidays Key Performance Indicator
The Key Performance Indicators (KPIs) of Helloji Holidays are:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE | 200.80% | 164.45% | 50.78% |
| ROCE | 29.25% | 100.60% | 44.38% |
| Debt Equity | 4.77 | 0.28 | 0.01 |
| RoNW | 100.19% | 90.24% | 33.51% |
| PAT Margin | 1.14% | 6.95% | 7.45% |
| EBITDA margin | 2.34% | 10.13% | 10.07% |
| Price Book Value | – | – | 4.71 |
Helloji Holidays IPO Financials
Helloji Holidays key financial figures are given below:
| Particulars (in ₹ lakh) | 2023 | 2024 | 2025 |
| Revenue | 1,717.92 | 2,597.24 | 2,817.95 |
| Total Asset | 281.34 | 484.30 | 824.48 |
| Profit | 19.55 | 180.49 | 209.64 |
Lot Size of Helloji Holidays IPO
These lot sizes are available for the investors as per their category:
| Application | No. of Lots | Shares | Amount |
| Individual investors (Minimum) | 2 | 2,400 | ₹2,83,200 |
| Individual investors (Maximum) | 2 | 2,400 | ₹2,83,200 |
| S-HNI (Minimum) | 3 | 3,600 | ₹4,24,800 |
| S-HNI (Maximum) | 7 | 8,400 | ₹9,91,200 |
| B-HNI (Minimum) | 8 | 9,600 | ₹11,32,800 |
Helloji Holidays IPO Promoter Holding
The promoter holding before and after the issue is:
| Pre Issue Promoter Holding | 96% |
| Post Issue Promoter Holding | – |
Helloji Holidays IPO Anchor Investors Details
The details of the anchor investors of this IPO are listed below:
| Particulars | Details |
| Anchor Bidding Starts | December 01, 2025 |
| Shares Offered | 2,64,000 shares |
| Portion Size | 3.12 crore |
| Lock-in of 50% shares (30 days) | January 4, 2026 |
| Lock-in of remaining shares (90 days) | March 5, 2026 |
Helloji Holidays IPO Prospectus
You can go through these documents for more information:
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| IPO Anchor Investors | |
| Final Prospectus | Not disclosed |
About Helloji Holidays
Helloji Holidays Limited was incorporated in 2012. The company is led by Mr. Hitesh Kumar Singla, who serves as the Managing Director. He is part of the promoter group, along with Mr. Anil Kumar Sharma, Mr. Nikhil Singla, and Mr. Nitin Dixit. Helloji Holidays offers a wide range of services, including domestic and international air ticketing, hotel and resort reservations, customised holiday packages, cruises, luxury car rentals, sightseeing arrangements, travel insurance, and passport facilitation.
Operating in the fast-growing organised tourism sector, the company competes with established players such as Naturewings Holidays and LGT Business Connextions. With personalised service and strong supplier partnerships, Helloji Holidays continues to strengthen its presence in the organised travel solutions market.
| Book running lead manager | Khambatta Securities Ltd. |
| Registrar of the issue | Maashitla Securities Pvt.Ltd. |
Objectives of the Helloji Holidays
The company will fulfill the following objectives from the funds raised:
| S.No. | Objectives | Amount (in ₹ crore) |
| 1 | Working Capital Requirements | 5.04 |
| 2 | Capital expenditure for purchase of software | 2.90 |
| 3 | General Corporate Purpose | – |
Strength Of Helloji Holidays
The growth of Helloji Holidays is backed by the following key strengths:
1. Synergistic Distribution Model
The company’s distribution model serves both corporate and individual travellers across India and overseas. A strong referral network and dedicated support teams allow it to deliver personalised travel solutions.
2. Strong Customer Retention
Helloji Holidays maintains long-term relationships with its clients, which results in repetition of bookings and consistent business growth. High customer trust gives us the company an edge over its competitors.
3. Business Stability
With over 13 years in the travel industry, the company has proven itself through different economic and business cycles. The promoter team plays a central role in shaping the company’s operational strength, ensuring consistent stability over the years.
4. Skilled and Dedicated Team
The company has experienced management and a skilled team that drives its growth. Their leadership, industry knowledge, and dedicated performance strengthen operations, improve productivity, and support business expansion.
5. Comprehensive Services
Helloji Holidays offers complete travel services from flight tickets to hotels, holiday packages, visas, and insurance. It has helped the company to establish itself as a reliable single platform for all travel-related requirements.
Risk of Helloji Holidays
Investors should consider the following risks of Helloji Holidays before applying:
1. Revenue Concentration
The company relies on a few specific customers for generating the majority of its revenue. Losing them or any fall in demand can directly impact the financial performance and business stability.
2. Reliance on Third-Party Providers
Helloji holiday relies on many hotels, airlines, agents, and technology partners for business operations. Any service failure, delays, or system issues may negatively affect customer experience and brand trust.
3. Cash Crunch
The company has previously experienced a shortage of cash due to the outflow towards operational and investment requirements. If it continues, it can limit growth, impact liquidity, and create financial pressure.
4. High Industry Competition
The company operates in the highly competitive travel industry, with online platforms and established brands offering aggressive pricing and wider options. This intensity among competitors may reduce margins, affect customer acquisition, and lower profitability.
Helloji Holidays IPO Review
Helloji Holidays IPO offers an opportunity in the expanding travel and tourism sector. The company has strong revenue growth, healthy margins, and a diversified service portfolio. The promoter group has been a key factor behind its stability and long operating history, but the company’s reliance on key customers, third-party providers, and intense industry competition are notable risks. With a flat GMP and a premium valuation, listing gains may be limited, making this IPO more suitable for investors with a medium- to long-term outlook.
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Helloji Holidays IPO FAQs
It is an SME book-built IPO of 9,28,800 fresh equity shares that will be listed on the BSE SME platform.
Helloji Holidays has stable financials and consistent growth, but neutral GMP and third-party dependence make it risky. The IPO is suitable for long-term investors.
The latest GMP signals no listing gains, indicating the Helloji Holidays IPO may open near its issue price with a flat debut.
The Helloji Holidays IPO opens on December 2, 2025.
The lot size of the Helloji Holidays IPO is 1,200 shares.
You can apply for the Helloji Holidays IPO via the ASBA facility through your bank or UPI-based applications using your broker’s platform.
The shares of the Helloji Holidays IPO will be allotted on December 5, 20225.
The IPO is expected to list on December 9, 2025, on the BSE SME platform.
