UHM Vacation was incorporated on March 17, 2009. The company operates as a travel and tourism aggregator, providing a comprehensive range of travel solutions to B2B customers through a single platform. It sources and integrates services such as flights, accommodations, cruises, car rentals, and visa assistance from multiple providers to offer customized travel solutions
| Bidding Dates |
|---|
| 04 Jun 2026 - 08 Jun 2026 |
| Subscription |
|---|
| 2.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,51,200 | 2 | 2 | 800 | 2.2 M | ₹157 - ₹166 | 65.4 % | ₹340.6 M - ₹360.2 M | RHP DOC |
UHM Vacation IPO SUBSCRIPTION STATUS
08 Jun '26UHM Vacation IPO overall subscription rate was 2.29 times the total available shares
UHM Vacation IPO retail subscription rate was 5.24 times in the retail segment
UHM Vacation IPO non-institutional investor subscription rate was 2.99 times in the non-institutional investor category
UHM Vacation IPO Qualified Institutional Bidder subscription rate was 0.02 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
08 Jun 2026 (Day 3) | 5.24x | 2.99x | 0.02x |
05 Jun 2026 (Day 2) | 1.27x | 1.47x | 0.02x |
04 Jun 2026 (Day 1) | 0.24x | 0.89x | - |
UHM Vacation FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 11MFY26 | 45.2 | 8.0 | -1.4 | -1.4 | 20.3% |
| FY25 | 40.1 | 7.2 | -0.3 | -0.3 | 20.6% |
| FY24 | 30.6 | 5.3 | -1.5 | -1.5 | 19.2% |
| FY23 | 20.4 | 0.1 | 0.5 | 0.5 | 0.9% |
UHM Vacation IPO SUBSCRIPTION STATUS DETAILS
UHM Vacation had 2.2 M shares on offer
UHM Vacation IPO offer price was in the range ₹157 - ₹166
UHM Vacation IPO minimum Investment was ₹251200
UHM Vacation IPO issue size was ₹ 340.6 M - ₹ 360.2 M
UHM Vacation had a minimum lot size of 800 Shares per application
UHM Vacation NUMBER OF SHARES ON OFFER
UHM Vacation IPO IMPORTANT DATES
| Issue Open Date | 04 Jun 2026 |
| Issue close Date | 08 Jun 2026 |
| Allotment Date | 09 Jun 2026 |
| Refund Date | 10 Jun 2026 |
| Demat Account Credit Date | 10 Jun 2026 |
| Listing Date | 11 Jun 2026 |
| Listing on Exchange(s) | BSE |
| UHM Vacation Allotment Status | Exchange/ Registrar |
UHM Vacation IPO subscription opened on 04 Jun 2026, and closed on 08 Jun 2026
IPO allotment for UHM Vacation was finalized on Tuesday, 09 Jun 2026
IPO listing for UHM Vacation was on BSE on Thursday, 11 Jun 2026
UHM Vacation IPO LISTING GAINS
| Issue Price (adjusted) | 166.0 |
| Listing Open Price | 132.8 |
| Listing Close Price | 126.2 |
| Listing Gain% | -20.0% |
| Current Gain% | -79.5% |
UHM Vacation Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UHM Vacation Ltd. | 34.1 | 22.7 | 3.6 | -0.3 | 0.5 | 22.1 | 15.3 | 48.7 | 21.2 | 6.3 | -11.9 | 9.5 | -11.9 |
| Indian Railway Catering & Tourism Corporation Ltd. | 520 | 41596 | 29.9 | 5 | 8 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 6 |
| TBO Tek Ltd. | 1610.9 | 17492.4 | 66.1 | 4.7 | 5.7 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 254.3 | 10471.8 | 14.8 | 0.6 | 3.3 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| LE Travenues Technology Ltd. | 176.2 | 7773.4 | 90.9 | 2.8 | 6.1 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Thomas Cook (India) Ltd. | 104.1 | 4898.6 | 22.4 | -1.7 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
UHM Vacation INFORMATION ON IPO ISSUE
About UHM Vacation
UHM Vacation was incorporated on March 17, 2009. The company operates as a travel and tourism aggregator, providing a comprehensive range of travel solutions to B2B customers through a single platform. It sources and integrates services such as flights, accommodations, cruises, car rentals, and visa assistance from multiple providers to offer customized travel solutions
Object of the Issue
- To meet the capital expenditure
- To funding for marketing and promotional activities
- To meet working capital requirements
- General corporate purpose
UHM Vacation - PROMOTERS
| Name |
|---|
| Izhar Ahmad |
| Rubeena Khatoon I Ahmed |
UHM Vacation - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Izhar Ahmad | Chairman & Managing Director |
| Rubeena Khatoon I Ahmed | Executive Director |
| Rafiuddin Khan | Non- Executive Director |
| Rajan Sharrad Korgaokar | Non- Executive Independent Director |
| Mohd Shamim | Non- Executive Independent Director |
UHM Vacation Book Running Lead Manager
Sobhagya Capital Options Private Limited
mb@sobhagyacap.com
UHM Vacation Registrar to the issue
Mufg Intime India Private Limited
uhmvacation.ipo@in.mpms.mufg.com
UHM Vacation Strengths
Comprehensive solutions
The company offers a comprehensive one-stop travel platform for travel agents, resellers, and corporate clients, providing services such as air ticketing, accommodations, visa assistance, car rentals, holiday packages, cruises, and tours. By aggregating offerings from multiple service providers, it enables clients to access diverse, customizable, and competitively priced travel solutions through a single platform
User-friendly platform
The company offers a technology-driven travel platform with real-time availability, instant booking confirmations, and secure transactions, enabling travel agents and corporate clients to efficiently manage bookings. Its user-friendly interface simplifies access to a wide range of travel services, helping partners streamline operations and deliver seamless customer experiences
International market access
The company serves a diversified customer base across India and key GCC markets, including the UAE, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain. Its broad geographic presence enables it to cater to varied travel preferences, capture growth opportunities across multiple segments, and reduce dependence on any single market
UHM Vacation Risks
Depend on tourism industry
The company’s revenue is closely linked to the performance of the domestic and global travel and tourism industry, making it vulnerable to fluctuations in travel demand. Economic downturns, geopolitical events, health crises, natural disasters, regulatory changes, or travel restrictions could adversely impact business operations, financial performance, and growth prospects
Payment related risks
The company relies on multiple online payment methods, including cards and UPI, to facilitate transactions with its clients and suppliers. Changes in payment regulations, rising transaction costs, compliance requirements, or fraud-related risks could increase operating expenses and adversely affect its business, financial performance, and reputation
Operational risks
The company operates in the highly competitive travel distribution industry, where success depends on attracting suppliers and agents, accessing global inventory, maintaining technological innovation, and complying with evolving regulations. Any challenges in these areas or changes in market perception of travel distribution platforms could adversely affect its business, financial performance, and growth prospects
IPO FAQs
This IPO consists of an offer for sale of up to Rs 7.0 crore, of 420,000 shares. It also consists of a fresh issue of Rs 29.0 crore.
The promoters of the company are Izhar Ahmad and Rubeena Khatoon I Ahmed.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 157.0 - 166.0.
The IPO application opens on Jun 04, 2026 and closes on Jun 08, 2026.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 251,200.0, the maximum value for this IPO is Rs 265,600.0.
This IPO will be allotted on Jun 09, 2026.
The refund will be credited to your account on Jun 10, 2026.
The allotted shares will be credited to your demat on Jun 10, 2026.
UHM Vacation Ltd.’s shares listed on the stock exchanges on Jun 11, 2026.