UHM Vacation IPO- Company Analysis
UHM Vacation IPO under the SME IPO category is a bookbuild issue of Rs. 36.02 Cr by UHM Vacation Limited and is a B2B travel and tourism aggregator that uses a single technological platform to provide a variety of travel services. Through direct integrations or third-party aggregators, the company obtains travel services from a variety of service providers, including airline tickets, hotel stays, cruises, car rentals, visa assistance, transfers, tours, and vacation packages.
Travel agencies, corporate travel managers, and independent travel agents may effectively find, compare, and book travel solutions from a single platform thanks to these services. Through a single, unified interface, its patented technology platform links travel service providers (referred to as "Suppliers") and travel buyers (referred to as "Agents").
UHM Vacation IPO Details
The UHM Vacation IPO date of opening is 04 Jun 2026, its initial public offering will end on 08 Jun, IPO allotment on Jun 09 and refund initiation on Jun 10, 2026.
The Rs. 36.02 crore new SME IPO comprises a combination of fresh issue of 0.17 crore shares (Rs. 29.04 Cr) and offer for sale of 0.04 crore shares (Rs. 6.97 Cr).
The UHM Vacation IPO listing date (expected) might be Thursday, Jun 11, 2026, and listing at the BSE and SME.
The UHM Vacation IPO price band is Rs. 157 to Rs. 166.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 04, 2026 |
|
IPO Closing Date |
Jun 08, 2026 |
|
IPO Allotment Date |
Jun 09, 2026 |
|
Refund Initiation |
Jun 10, 2026 |
|
IPO Listing Date |
Jun 11, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
39.06 |
19.34 |
3.60 |
|
Total Income |
40.20 |
30.66 |
20.49 |
|
Profit After Tax |
7.18 |
5.27 |
0.11 |
|
EBITDA |
8.26 |
5.87 |
0.18 |
|
Net Worth |
20.96 |
13.72 |
0.98 |
|
Reserves and Surplus |
19.86 |
12.62 |
0.87 |
|
Total Borrowing |
0.48 |
0.38 |
— |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(30.58) |
(149.24) |
49.20 |
|
Net Cash Flow Investing Activities |
(27.69) |
(1.85) |
(78.21) |
|
Net Cash Flow Financing Activities |
62.23 |
80.46 |
7.13 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
To meet the Capital expenditure. ~ Rs. 10.47 Cr.
-
Funding for Marketing and Promotional Activities. ~ Rs. 4.90 Cr.
-
To meet working capital requirements. ~ Rs. 6.42 Cr.
-
General Corporate Purposes.
Listed Peers of UHM Vacation Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
LGT Business Connextions Limited |
10 |
7.44 |
7.13 |
|
Helloji Holidays Limited |
10 |
8.60 |
14.53 |
|
International Travel House Limited |
10 |
33.96 |
9.86 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
41.42% |
|
ROCE |
46.01% |
|
Debt to Equity |
0.02 |
|
RoNW |
41.42% |
|
PAT Margin |
17.89% |
|
EBITDA Margin |
20.56% |
|
Price to Book Value |
3.85 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 14.67 from the last year, the resulting P/E ratio is 11.31x.
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IPO's Strengths
-
Comprehensive Service Offering.
-
Convenient and User-Friendly Platform.
-
International Market Access.
-
Scalable Business Model.
IPO's Weaknesses
-
Travel Industry Dependence
-
Dependence on GCC Markets
-
Working Capital Risk.
UHM Vacation IPO GMP (Grey Market Premium)
UHM Vacation IPO GMP today has not started yet as of 02 June 2026, while writing this information.
UHM Vacation IPO Summary
|
IPO Opening & Closing Date |
04 Jun, 2026 to 08 Jun, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 157 to Rs. 166 per Share. |
|
Lot Size |
800 Shares |
|
Issue Size |
21,69,600 Shares (Rs. 36 Cr) |
|
Offer for Sale |
4,20,000 Shares (Rs. 7 Cr) |
|
Fresh Issue |
16,39,200 Shares (Rs. 27 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
MUFG Intime India Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (1600 Shares) for Rs. 2,65,600, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (2400 Shares) for Rs. 3,98,400.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
UHM Vacation IPO Allotment Status
To check the UHM Vacation IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of UHM Vacation Ltd.
-
Izhar Ahmad
-
Rubeena Khatoon
-
I Ahmed.
|
Pre-Issue Promoter Shareholding |
97.35% |
|
Post-Issue Promoter Shareholding |
65.40% |
IPO Lead Managers
Sobhagya Capital Options Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
UHM Vacation Limited has demonstrated strong financial growth, improving profitability, healthy margins, and a low debt-to-equity ratio, indicating a fundamentally strong business. From a valuation standpoint, the IPO is appealing because it is fairly valued at a P/E of 11.31x when compared to listed peers.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
