Utazzo Services IPO

About Utazzo Services IPO

The public issue of the Utazzo Services IPO, an SME IPO, opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The offer consists of a fresh issue component. The fresh issue will include up to 0.33 crore equity shares. The total number of shares is 33,00,000 and the aggregate amount is yet to be finalised.

Utazzo Services IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (TBA shares) (based on upper price). The minimum lot size investment for HNI is TBA.

Utazzo Services is a full-service travel solutions enterprise offering end-to-end holiday planning and fulfillment services through a technology-integrated, experience-led, and customer-centric model. Incorporated with the primary objective of delivering stress-free holidays, the company operates across a diversified product suite covering leisure, luxury, MICE (Meetings, Incentives, Conferences, and Exhibitions), and institutional travel segments.

Objectives of Utazzo Services IPO

• To meet the working capital requirements of the company.
  
• Capital expenditure towards extension and scaling of Proprietary Technology Platform.
  
• General corporate purpose.
  

Industry Outlook

India is increasingly positioning itself as a key player in the international tourism landscape, both as a major inbound destination and a growing outbound market. With its rich cultural heritage, diverse geography, and improving infrastructure, India continues to attract tourists from across the world. Simultaneously, rising disposable incomes, a rapidly expanding middle class, and greater global exposure are driving outbound international travel by Indian residents. This dual role strengthens India’s integration into the global tourism ecosystem and enhances its economic and cultural footprint worldwide. Governments and industry stakeholders across the globe, including in India, are investing in sustainable tourism initiatives, promoting conservation of natural and cultural assets while ensuring long-term economic benefits. As international tourism continues to expand, balancing growth with sustainability will remain critical to preserving destinations for future generations while maintaining the sector’s global significance.

About Utazzo Services

Utazzo Services is a full-service travel solutions enterprise offering end-to-end holiday planning and fulfillment services through a technology-integrated, experience-led, and customer-centric model. Incorporated with the primary objective of delivering stress-free holidays, the Company operates across a diversified product suite covering leisure, luxury, MICE (Meetings, Incentives, Conferences, and Exhibitions), and institutional travel segments. The company's operations are underpinned by a proprietary omni-channel model comprising digital booking platforms, strategically located experience centers, and a trained partner network. This multi-layered distribution framework facilitates customer acquisition, lead conversion, service personalization, and post-sale support at scale. Utazzo's service ecosystem includes tailor-made itineraries, visa and insurance facilitation, hotel and flight bookings, experience curation, and on-ground coordination. These services are delivered through a combination of in-house teams, verified destination management companies (DMCs), and global suppliers, governed through service-level agreements, rate contracts, and SOP-based workflows.

The company's clients range from first-time travelers and families to high-net-worth individuals and multinational corporate accounts.

Strengths of Utazzo Services

• Experienced management and industry expertise.
  
• Strong repeat and referral customer base.
  
• Diversified service portfolio.
  
• Marquee corporate clientele.
  
• Strategic experience center network.
  

Risks of Utazzo Services

• There are outstanding legal proceedings involving the company.
  
• Their business is dependent on third-party suppliers and service providers (including airlines, hotels and destination management companies).
  
• Their revenues may be subject to seasonality and demand volatility, and external events (including geopolitical events, health incidents, travel restrictions and disruptions).
  
• The company’s subsidiary has applied for strike off and any delay, rejection or conditions imposed in relation to such strike off may have an adverse impact on the company.
  
• Certain amounts reflected as advances to directors represent customer ticket booking payments initially made by a director on behalf of the company and reimbursed subsequently.
  

Financial information for Utazzo Services is derived from the Restated Financial Statements as at and for the Fiscal 2025.#Will be updated in the Prospectus.

Source: All the financial information for listed industry peer mentioned above is sourced from the annual report of the relevant companies for Fiscal 2025, as available on the websites of the NSE and BSE.

Notes for peer group:

1. Return on Net Worth (%) = Profit for the year ended March 31, 2025 divided by Total Equity of the Company as on March 31, 2025.
   

2. NAV is computed as the Total Equity of the Company as on March 31, 2025 divided by the outstanding number of equity shares as on March 31, 2025.
   

Anchor Investor Bidding Date: TBA

Registrar Details
MAS Services Ltd.
Email: info@masserv.com
Tel.: (011) 2610 4142

Book Running Lead Manager
Horizon Management Pvt.Ltd.

Utazzo Services Contact Details
Unit no 701, Pearls Best Heights-II
Plot no. C-9, N.S.P Pitampura, Rani Bagh
North West Delhi, New Delhi, 110034
Email: compliance@utazzo.com
Phone: +91 91155-33759

Utazzo Services Business Model

The company earns its revenue as a full-service travel solutions enterprise offering end-to-end holiday planning and fulfillment services through a technology-integrated, experience-led, and customer-centric model.

Utazzo Services Growth Trajectory

Utazzo Services’s Total Income for FY25 was ₹20.22 crores, whereas in FY24 and FY23 it was ₹19.59 crores and ₹15.02 crores, respectively.

The Profit After Tax for FY25 was ₹0.97 crores, whereas in FY24 and FY23 it was ₹2.35 crores and ₹0.15 crores, respectively.

Their EBITDA for FY25 was ₹1.57 crores, whereas in FY24 and FY23 it was ₹3.60 crores and ₹0.71 crores, respectively.

Utazzo Services Market Position

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹20.22 crores, ₹0.97 crores, and ₹1.57 crores, respectively.

How to apply for Utazzo Services IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your 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.