UHM Vacation IPO

About UHM Vacation IPO

The UHM Vacation IPO opens on Thursday, June 4, 2026 and closes on Monday, June 8, 2026. The allotment of shares will take place on Tuesday, June 9, 2026. The credit of shares to the demat account will take place on Wednesday, June 10, 2026. The initiation of refunds will take place on Wednesday, June 10, 2026. The listing of shares will take place on Thursday, June 11, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include up to 0.17 crore shares aggregating to ₹29.04 crores. The offer for sale portion includes up to 0.04 crore shares aggregating to ₹6.97 crores. The total number of shares and the aggregate amount are 21,69,600 shares (aggregating up to ₹36 crores).

UHM Vacation IPO price band is set at ₹157 to ₹166 per share. The lot size for an application is 800 shares. The minimum amount of investment required by a retail investor is ₹2,65,600 (1,600 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (2,400 shares), amounting to ₹3,98,400. The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the SME Platform of the BSE Limited.

UHM Vacation provides services through a technology platform that connects travel service providers with travel buyers. Travel agencies (online and offline), corporate travel managers, and independent travel agents use their platform to search, compare, and book travel and tourism services. These services include flights, accommodation, cruise bookings, car rentals, visa assistance, and more, offered by various service providers.

Objectives of UHM Vacation

• To meet the capital expenditure
  
• To fund marketing and promotional activities
  
• To meet the working capital requirements
  
• General corporate purpose
  

Industry Outlook

India represents one of the fastest-growing outbound tourism markets globally. The rise of the middle class, increasing disposable incomes, and changing travel preferences of young, adventurous Indian travellers have led to an explosion in outbound tourism. Indian tourists are increasingly opting for international travel, drawn to destinations across Asia, Europe, and North America. This growing demand for global travel is not just contributing to the Indian economy but also influencing the way international tourism markets and service providers are adapting to Indian travellers’ preferences, including customized packages, food offerings, and tailored experiences. The increasing middle-class income levels and the growing appetite for overseas travel contribute substantially to the global tourism economy, as Indian tourists are not just visiting traditional destinations but exploring new and exotic locales.

About UHM Vacation

UHM Vacation is engaged in the business of travel and tourism aggregator services, offering a comprehensive range of travel and tourism solutions under one platform. They are catering to the business-to-business segment.

They source and aggregate services from airline operators, accommodation service providers, cruise lines, car rental companies, visa facilitators, and other travel service providers with direct connectivity or through third-party aggregators and offer them to their clients as per their needs. This enables them to offer customers a wide range of travel services and curated options to meet their specific requirements through a single platform.

Strengths of UHM Vacation

• Comprehensive service offering
  
• Convenient and user-friendly platform
  
• International market access
  
• Scalable business model
  
• Experienced management team with proven project management and implementation skills
  

Risks of UHM Vacation

• The loss of one or more of their top customers, the deterioration of their financial condition or prospects, or a reduction in their demand for their products.
• Any downturns or disruptions in the domestic and global travel and tourism sector.
• Pre-purchase inventory risk and exposure to demand and pricing volatility.
• Any significant disruption in service on their website or platform.
• Competition from smaller and larger players.

Source: All the financial information for listed industry peers mentioned above is on a consolidated basis (If applicable) sourced from the Annual Reports of the peer company uploaded on the BSE-NSE website for the year ended March 31, 2025.

Notes: 1. P/E Ratio has been computed based on the closing market price of equity shares on the BSE website on April 28, 2026 divided by the Diluted EPS for the period ended March 31, 2025. 2. RoNW is computed as profit attributable to the owners of the company divided by the net worth. 3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.

Anchor Investor Bidding Date: June 3, 2026

Registrar: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is a SEBI-registered registrar and share transfer agent (SEBI Registration No. INR000004058) headquartered in Mumbai, Maharashtra. They handle IPO processing, share allotment, refund initiation, demat credit services, and investor grievance redressal for this offer. Investors may reach them at arohanfinancial.ipo@in.mpms.mufg.com or +91 810 811 4949.

Book Running Lead Managers: Sobhagya Capital Options Private Limited

Business Model

The company earns its revenue through the following: Offering a comprehensive range of travel and tourism solutions under one platform. They source and aggregate services from airline operators, accommodation service providers, cruise lines, car rental companies, visa facilitators, and other travel service providers with direct connectivity or through third-party aggregators and offer them to their clients as per their needs.

Company Growth Trajectory

UHM Vacation’s Total Income for FY25 was ₹40.198 crores, whereas in FY24 and FY23 it was ₹30.661 crores and ₹20.491 crores, respectively.

The Profit After Tax for FY25 was ₹7.183 crores, whereas in FY24 and FY23 it was ₹5.271 crores and ₹0.111 crores, respectively.

Their EBITDA for FY25 was ₹8.255 crores, whereas in FY24 and FY23 it was ₹5.875 crores and ₹0.177 crores, respectively.

Company Market Position

The company and its subsidiary platforms are built to serve a broad and diverse customer base across major regions, including India, the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain etc.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹ 40.198 crores, ₹7.183 crores, and ₹8.255 crores, respectively.

How to apply for UHM Vacation IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.