SME

IPO ·

BSE SME

UHM Vacation Ltd

Listed

Incorporated in 2009, UHM Vacation Ltd is a B2B travel and tourism aggregator that offers a wide range of travel services through a single technology platform.

Issue details

Price band

₹157 – ₹166

Face value

₹10

Lot size

800 shares

Minimum investment

₹2,65,600

Issue size

₹36.00 Cr

Fresh issue

₹27.20 Cr

Offer for sale

₹6.97 Cr

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

4 Jun 2026

Closes

8 Jun 2026

UPI mandate cut-off

5:00 PM on 8 Jun 2026

Allotment

9 Jun 2026

Refunds

10 Jun 2026

Shares in demat

10 Jun 2026

Listing

11 Jun 2026

Subscription and listing

Subscription

2.14x

Listing price

₹132.80

Registrar

MUFG Intime India Pvt Ltd

Lead manager

Sobhagya Capital Options

Subscription by category

Total

2.14x

Total applications

2,570

Listing day

Issue price

₹166

Open

₹132.80

High

₹132.80

Low

₹126.20

Day close

₹126.20

Listing gain at open

-20.00%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

19,200

0.88%

NII Shares Offered

10,08,000

46.46%

bNII > ₹10L

6,72,000

30.97%

sNII < ₹10L

3,36,000

15.49%

Retail Shares Offered

10,32,000

47.57%

Market Maker Shares Offered

1,10,400

5.09%

Total Shares Offered

21,69,600

100.00%

Finaccle’s quick read

Apply

FY25 income up 31%, PAT up 36%, ROE 31.56%, D/E 0.00, post-issue P/E 15.36x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2009, UHM Vacation Ltd is a B2B travel and tourism aggregator that offers a wide range of travel services through a single technology platform. The company sources travel services, including airline tickets, hotel accommodations, cruises, car rentals, visa assistance, transfers, tours, and holiday packages, from various service providers, either through direct integrations or third-party aggregators. These services are made available to travel agencies, corporate travel managers, and independent travel agents, enabling them to search, compare, and book travel solutions efficiently from one platform.

Founded

2009

2009

Promoters

Izhar Ahmad, Rubeena Khatoon I Ahmed

Izhar Ahmad, Rubeena Khatoon I Ahmed

Promoter holding

97.35% pre-issue; 65.4% post-issue

97.35% pre-issue; 65.4% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Feb 2026

Feb 2026

45.29

45.29

9.19

8.05

8.05

30.05

0.06

0.06

43.41

FY25

FY25

40.20

40.20

8.26

7.18

7.18

20.96

0.48

0.48

39.06

FY24

FY24

30.66

30.66

5.87

5.27

5.27

13.72

0.38

0.38

19.34

FY23

FY23

20.49

20.49

0.18

0.11

0.11

0.98

—

—

3.60

ROE

31.56%

ROCE

35.14%

Debt / equity

0.00

PAT margin

17.80%

P/E post issue

15.36

Market cap

₹110.32 Cr

Use of IPO money

To Meet the Capital Expenditure

₹10.47 Cr

Funding for Marketing and Promotional Activities

₹4.90 Cr

To meet working capital requirements

₹6.42 Cr

General Corporate Purposes

₹3.45 Cr

Issue expenses

₹4.70 Cr

Strengths

✓

Revenue up 31% in FY25 to ₹40.20 Cr

✓

PAT up 36% in FY25 to ₹7.18 Cr

✓

PAT margin of 17.80%

✓

ROE of 31.56% and ROCE of 35.14%

✓

Moderate leverage: debt to equity 0.00

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

Planning to take your own company public?

Every listing on this page started with a growing business that got its numbers, governance and paperwork ready for investors. If you are a promoter weighing an SME or main board IPO, we can tell you where you stand and what it will take.

Talk to our IPO Advisory team for readiness planning, or our IPO Consultancy team to run the listing end to end.

Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.