UHM Vacation SME IPO
ListedBSE SMEOpens 4 June 2026Closes 8 June 2026
UHM Vacation Limited, incorporated in 2009, operates as a B2B travel and tourism aggregator providing consolidated trip-planning and destination management solutions through its proprietary unified technology platform.…
UHM Vacation Limited, incorporated in 2009, operates as a B2B travel and tourism aggregator providing consolidated trip-planning and destination management solutions through its proprietary unified technology platform. The company connects travel service suppliers (such as airlines, hotel accommodations, cruises, car rentals, and visa facilitators) with travel buyers, including registered travel agencies, corporate travel managers, and independent agents. Operating an asset-light aggregator model, UHM Vacation maintains a deep geographical footprint across India and the Gulf Cooperation Council (GCC) countries, with its specialized international corridor driving a significant majority of its total operational revenue.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
4 Jun
IPO Closes
8 Jun
Allotment
9 Jun
Listing
11 Jun
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 4 June 2026 |
| IPO Close Date | 8 June 2026 |
| Allotment Date | 9 June 2026 |
| Listing Date | 11 June 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,65,600 |
SHNI (Min) | 3 | ₹3,98,400 |
SHNI (Max) | 7 | ₹9,29,600 |
BHNIAbove ₹10,00,000 | 8 | ₹10,62,400 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 0.93% |
| NII (Non-Institutional Investor) | 48.95% |
| SHNI (Small Non-Institutional Investor) | 15.49% |
| BHNI (Big Non-Institutional Investor) | 30.97% |
| Retail | 50.12% |
| Market Maker | 5.09% |
| Total | 100.00% |
IPO Objectives
- Meeting major Capital Expenditure requirements towards platform additions and corporate enhancements (₹10.47 Cr).
- Funding layout expansion structures for comprehensive global Marketing and Promotional Activities (₹4.90 Cr).
- Meeting incremental working capital requirements of the company (₹6.42 Cr).
- General Corporate Purposes.
Strengths
- The company operates a Unified B2B Technology Hub, utilizing a single-interface technology platform that optimizes inventory management, pricing transparency, and multi-service travel bundling for agents.
- It leverages a Lucrative International Corridor, capturing active structural placement across India and high-yield GCC regions, with international operations generating a massive 69.62% of corporate revenue lines.
- The business showcases Outstanding Profitability Metrics, posting an exceptionally healthy post-annualized RoCE of 35.14% and a stable PAT margin of 17.80%.
- It implements a Scalable Asset-Light Infrastructure, minimizing massive capital asset holding risks and reducing operational fixed costs through strategic digital aggregation instead of heavy hardware logistics.
Weaknesses
- The firm faces Severe Geographic Concentration, being intensely reliant on the India-GCC corridor, where Dubai operations alone drive 69.62% of overall revenues, leaving it heavily exposed to regional geopolitical or regulatory shocks.
- It carries a High Customer Concentration Profile, relying heavily on a finite base of procurement partners, with the top 10 agents and corporate buyers contributing nearly half (49.33%) of total operating revenues.
- The company experiences Transition Cost Pressures, as gradual strategic shifts from a pure asset-light framework toward selectively pre-purchasing inventory or acquiring logistics fleets could escalate fixed overheads and maintenance liabilities.
- The issue is met with Muted Unofficial Sentiments, with initial grey market premium (GMP) indicators tracking completely flat at ₹0, pointing to cold localized retail interest ahead of subscription hours.
Financial Performance
| Period Ended | 28 Feb 2026 (11M) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 43.41 | 39.06 | 19.34 | 3.6 |
| Revenue (₹ Cr.) | 45.29 | 40.2 | 30.66 | 20.49 |
| PAT (₹ Cr.) | 8.05 | 7.18 | 5.27 | 0.11 |
| Net Worth (₹ Cr.) | 30.05 | 20.96 | 13.72 | 0.98 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 1x | 1x |
| NII | 0.29x | 0.36x | 0.86x |
| S-HNI | 0.06x | 0.19x | 0.94x |
| B-HNI | 0.4x | 0.45x | 0.82x |
| RII | 0.18x | 0.93x | 3.86x |
| Total | 0.23x | 0.66x | 2.36x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 19,200 | 19,200 | 0.32 |
| NII | 10,08,000 | 8,63,200 | 14.33 |
| Small NII | 3,36,000 | 3,14,400 | 5.22 |
| Big NII | 6,72,000 | 5,48,800 | 9.11 |
| RII | 10,32,000 | 39,82,400 | 66.11 |
| Total | 20,59,200 | 48,64,800 | 80.76 |
Company Details
- UHM Vacation Ltd.
- C 715, Dattani Plaza, Near E W Ind Est, Safed Pool, Saki Naka, Andheri (East), Mumbai, Maharashtra, 400072
- 02246079484
- cs@uhmvacation.com
- https://www.uhmvacation.com/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- uhmvacation.ipo@in.mpms.mufg.com
- https://in.mpms.mufg.com/
Frequently Asked Questions
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UHM Vacation SME IPO News & Updates
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Sources
We match UHM Vacation SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.