Summary
This blog covers the UHM Vacation IPO, including its issue size, price band, subscription schedule, allotment timeline, and listing details. It also highlights key information such as GMP trends, reservation quotas, lot size requirements, subscription updates, and financial performance metrics.The article further examines the business operations, IPO objectives, strengths, risks, and financial indicators of the company to help investors understand UHM Vacation Limited and assess the public issue.
UHM Vacation IPO is an SME bookbuilt public offering up to 21,69,600 Equity Shares valued at ₹36.02 crore. The offer combines fresh shares up to 17,49,600 Equity Shares, raising ₹29.04 crore, along with 4,20,000 Equity Shares as offer-for-sale, worth ₹6.97 crore.
The subscription for the UHM Vacation IPO is scheduled from 4 June 2026 to 8 June 2026. The UHM Vacation IPO allotment will be tentatively completed on 9 June 2026, and the shares are expected to be listed on the BSE SME platform on 11 June 2026, subject to regulatory approvals and market conditions.
UHM Vacation IPO price band is set at ₹157.00/share to ₹166.00/share. The application lot size is 800 shares. The retail investors need to bid for two lots (1,600 shares), with an investment of ₹2,65,600 (at the upper band).
UHM Vacation IPO–Key Details
The following table provides an overview of the UHM Vacation IPO details:
| IPO Open | 4 June 2026 |
| IPO Close | 8 June 2026 |
| Face value | ₹10.00/share |
| Price Band | ₹157.00/share – ₹166.00/share |
| Issue price | – |
| IPO Lot Size | 800 shares |
| Offer-for-sale | 4,20,000 Equity Shares (₹6.97 crore) |
| Fresh issue | 17,49,600 Equity Shares (₹29.04 crore) |
| Issue Type | SME/Book-built |
| Listing | BSE SME |
| Total Issue Size (₹ Crore) | ₹36.02 crore (21,69,600 Equity Shares) |
| Minimum Investment (Retail) | ₹2,65,600.00 (1600 shares x upper band) |
UHM Vacation IPO–Timeline
Below is a date-wise breakdown of the UHM Vacation IPO, outlining the key stages of the public offering.
| Bid Open Date | 4 June 2026 |
| Bid Close Date | 8 June 2026 |
| Allotment | 9 June 2026 |
| Refunds Initiated | 10 June 2026 |
| Share Credit Date | 10 June 2026 |
| Listing | 11 June 2026 |
| UPI mandate Cut-off time | 8 June 2026 (05:00 PM) |
UHM Vacation Limited–Key Performance Indicators (KPIs)
Outlined below are the key financial highlights and important ratios of UHM Vacation Limited, offering insight into its operational and financial performance.
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 41.42 | 71.69 | 11.17 |
| ROCE (%) | 46.01 | 75.74 | 14.66 |
| Debt-Equity Ratio (in times) | 0.02 | 0.03 | 0.00 |
| RoNW (%) | 41.42 | 71.69 | 11.17 |
| PAT Margin (%) | 17.89 | 17.22 | 0.54 |
| EBITDA Margin (%) | 20.56 | 19.16 | 0.87 |
| Price-Book Value | 3.85 | – | – |
UHM Vacation Limited–Financial Information
| 2025 | 2024 | 2023 | |
| Revenue | 4,014.44 | 3,061.23 | 2,043.98 |
| Assets | 3906.47 | 1934.36 | 359.81 |
| Profit After Tax | 718.30 | 527.06 | 11.11 |
(Amount in ₹ lakhs)
UHM Vacation IPO–Subscription Status
Subscription data is not yet available!
The data will be updated after bidding begins.
Applications to be submitted from 10:00 AM to 5:00 PM during the issue period.
UHM Vacation IPO–Grey Premium Market (GMP)
According to the latest grey market data recorded at 10:34 AM on 3 June 2026, the UHM Vacation IPO GMP is ₹0.00, commanding no premium.
Using the cap price of ₹166.00, the estimated listing value is ₹166.00/share, translating into an expected return of 0% on listing.
| Date | GMP (₹) | Est. Listing Price | Est. Listing Profit | Trend | Latest Updated |
| 3 June 2026 | ₹0.00 | ₹166.00(0.00%) | ₹0.00 | – | 03/06/2026 (10:34 AM) |
| 2 June 2026 | ₹0.00 | ₹166.00(0.00%) | ₹0.00 | – | 02/06/2026 (11:37 PM) |
| 1 June 2026 | ₹0.00 | ₹166.00(0.00%) | ₹0.00 | – | 01/06/2026 (11:30 PM) |
Note: The Grey Market Premium indicates the unofficial trading value of IPO shares before listing and can fluctuate over time.
UHM Vacation IPO–Reservation
Below is a category-wise breakdown of the IPO share allocation.
| Investor Classification | % Allocation | Shares offered |
| Market maker | 5.09% | 1,10,400 |
| QIBs | 0.88% | 24,000 |
| NIIs | 46.46% | 10,08,000 |
| Individual Investor | 47.57% | 10,27,200 |
| Total | 100% | 21,69,600 |
UHM Vacation IPO–Lot Size
Outlined below are the entry requirements for each investor category, including lot quantity and investment value.
| Application | Lot Size | Shares | Amount |
| Retail Minimum Application | 2 | 1,600 | ₹2,65,600 |
| Retail Maximum Application | 2 | 1,600 | ₹2,65,600 |
| S-HNI Minimum Application | 3 | 2,400 | ₹3,98,400 |
| S-HNI Maximum Application | 7 | 5,600 | ₹9,29,600 |
| S-HNI Minimum Application | 8 | 6,400 | ₹10,62,400 |
UHM Vacation IPO–Anchor Investors Details
UHM Vacation has not offered any shares to anchor investors under this public issue
UHM Vacation IPO–Prospectus
For further information, investors should review the official filing documents available through the company and SEBI.
About UHM Vacation Limited
UHM Vacation Limited, established on 17 March 2009, is engaged in the travel services industry, facilitating access to various travel products and solutions.
The company caters mainly to corporate travel partners and other business customers through an integrated travel services platform.
The company is led by Izhar Ahmad, who serves as the Chairman and Managing Director.
| Name | |
| Book Running Lead Managers (BRLM) | Sobhagya Capital Options Pvt Ltd |
| IPO Registrar | MUFG Intime India Pvt Ltd |
Objectives of UHM Vacation Limited
Details regarding the proposed utilisation of the net issue proceeds are presented in the following table.
| Particulars | Amount (in ₹ lakhs) |
| Funding capital expenditure | 1,046.93 |
| Funding marketing activities | 490.19 |
| Operational requirements | 642.00 |
| Corporate requirements | – |
UHM Vacation Limited–Strengths
- Integrated service network: The platform brings together multiple travel offerings, enabling business clients to manage bookings more efficiently.
- Technology-driven booking platform: Its platform offers real-time availability, instant confirmations, and streamlined booking processes for travel partners.
- International operations: Its business footprint spans India and major Gulf economies, supporting engagement with varied traveller segments.
- Scalable and flexible business model: A technology-backed operating model enables efficient expansion, partner integration, and long-term business growth.
UHM Vacation Limited–Risks
- Customer concentration risk: A substantial share of revenue comes from a limited number of customers, increasing dependency on key accounts.
- Dependence on travel industry performance: Business performance is closely linked to domestic and global travel sector trends and demand conditions.
- Revenue concentration in key services: A significant portion of income is generated from specific services, creating reliance on their continued demand.
- Exposure to Gulf market conditions: The company earns a notable share of revenue from Gulf countries, making it sensitive to regional market changes.
UHM Vacation IPO–Review
UHM Vacation has demonstrated a notable improvement in scale and profitability over the past three years, with revenue and earnings growing consistently.
The company has also maintained strong return ratios and a low debt burden, which points to efficient capital management and a relatively healthy balance sheet.
From an investment perspective, the financial performance appears encouraging. However, the current GMP trend suggests investors are taking a measured view of the IPO’s listing prospects.
Overall, the IPO presents a combination of solid financial fundamentals and business growth potential, though investors should weigh this against the company’s dependence on a limited customer base and the cyclical nature of the travel industry.
Other Recent IPO List
Check out other active and upcoming public issues in India. Compare their valuation, GMP trends, allotment schedules, and subscription data to make informed decisions.
| Vahh Chemicals IPO | Bio Medica Laboratories IPO |
| CMR Green Technologies IPO | Autofurnish IPO |
| Hexagon Nutrition IPO | Yaashvi Jewellers IPO |
| Q-Line Biotech IPO | SMR Jewels IPO |
UHM Vacation IPO FAQs
The UHM Vacation IPO is an SME book-built issue worth ₹36.02 crore. It consists of a fresh issue of 17,49,600 equity shares and an offer for sale of 4,20,000 equity shares.
Investors can apply for the UHM Vacation IPO through the ASBA facility offered by banks or via supported stockbroking platforms using UPI. Applications must be submitted within the IPO subscription period.
UHM Vacation Ltd has reported growth in revenue and profitability, along with healthy return ratios. However, investors should also consider industry-related risks and customer concentration before investing.
Based on the latest UHM Vacation IPO GMP of ₹0, the estimated listing price is ₹166 per share, indicating no expected listing gain. Actual returns may vary depending on market conditions.
The UHM Vacation IPO will open for subscription on 4 June 2026 and close on 8 June 2026. Investors can place bids during the designated application period.
The IPO lot size is 800 shares. The retail investors must apply for a minimum of two lots, which equals 1,600 shares and an investment of ₹2,65,600 at the upper price band.
The UHM Vacation IPO allotment is expected to be finalised on 9 June 2026. Successful applicants will receive shares in their demat accounts before listing.
The UHM Vacation IPO shares are scheduled to be listed on the BSE SME platform on 11 June 2026, subject to the completion of all regulatory requirements.
