UHM Vacation SME: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹157.0 - ₹166.0
Issue Size
₹36.02 Cr
Lot Size
800 shares
IPO Type
BSE SME
GMP
₹34(+20.48%)
Est. Listing Price
₹200
Estimate Profit
₹54,400
Retail Portion
50.12%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
10.81
P/E Ratio
15.36
RoNW
31.56%
ROE
31.56%
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Timeline
IPO Opens
4 Jun
IPO Closes
8 Jun
Allotment
9 Jun
Listing
11 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 4 June 2026 | Subscription starts |
| IPO Close Date | 8 June 2026 | Subscription ends |
| Allotment Date | 9 June 2026 | Allotment |
| Listing Date | 11 June 2026 | Listing |
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.
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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 |
|---|---|
| QIB | 0x |
| NII | 0.29x |
| S-HNI | 0.06x |
| B-HNI | 0.4x |
| RII | 0.18x |
| Total | 0.23x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 19,200 | 0 | 0 |
| NII | 10,08,000 | 2,88,800 | 4.79 |
| Small NII | 3,36,000 | 21,600 | 0.36 |
| Big NII | 6,72,000 | 2,67,200 | 4.44 |
| RII | 10,32,000 | 1,80,800 | 3 |
| Total | 20,59,200 | 4,69,600 | 7.8 |
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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
What does UHM Vacation do?
UHM Vacation is a B2B travel services company that provides travel booking solutions, including flights, hotels, cruises, and visa processing services through its technology platform.
What are the IPO dates for UHM Vacation SME IPO?
The UHM Vacation SME IPO opened for subscription on June 4, 2026, and will close on June 8, 2026.
What is the price band and minimum investment for UHM Vacation IPO?
The IPO price band is fixed at ₹157 to ₹166 per share. Retail investors need to apply for a minimum of 2 lots (1,600 shares), requiring an investment of ₹2,65,600 at the upper price band.
What is the Grey Market Premium (GMP) of UHM Vacation IPO today?
As of June 4, 2026, the Grey Market Premium (GMP) of UHM Vacation IPO is ₹0, indicating an expected listing price near ₹166 per share.
Where will UHM Vacation IPO be listed?
UHM Vacation IPO is proposed to be listed on BSE SME, with the tentative listing date set for June 11, 2026.
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