UHM Vacation Limited is a B2B travel and tourism aggregator that provides a comprehensive range of travel services through a single technology-driven platform. The company caters primarily to travel agencies, corporate travel managers, and independent travel agents by enabling them to access and book multiple travel services efficiently from one place.
Its service portfolio includes domestic and international air ticket bookings, hotel and accommodation bookings, holiday packages, tours & activities, cruise bookings, car rentals, visa assistance, and transfer management services. The company sources these services from airlines, hotels, cruise operators, car rental providers, and other travel partners through direct integrations as well as third-party aggregators.
UHM Vacation operates through its proprietary technology platform, which connects travel service providers with travel buyers through a single integrated interface. This platform allows agents to search, compare, and book travel services in real time, while suppliers can manage pricing, inventory, and availability more efficiently.
The company follows an asset-light and scalable business model, focused on delivering convenience, operational efficiency, and a seamless booking experience. UHM Vacation also has an international presence through its subsidiary operations and serves customers across India and GCC markets, including the UAE and Saudi Arabia.
UHM Vacation IPO – Details
| IPO Opening Date | 04 June 2026 |
| IPO Closing Date | 08 June 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 21,69,600 Shares Worth ₹36.02 Crore Fresh Issue: 17,49,600 Shares Worth ₹29.05 Crore Offer For Sale: 4,20,000 Shares Worth ₹6.97 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹157 – ₹166 per share |
| Market Lot | 800 Shares |
| Min Order | 800 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 1.17% |
| NII Shares Offered | 48.95% |
| Retail Shares Offered | 49.88% |
UHM Vacation IPO – Date Schedule
| IPO Open Date | 04 June 2026 |
| IPO Close Date | 08 June 2026 |
| Basis of Allotment | 09 June 2026 |
| Initiation of Refund | 10 June 2026 |
| Credit of Shares to Demat | 10 June 2026 |
| IPO Listing Date | 11 June 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 08, 2026 |
UHM Vacation IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1600 | ₹2,65,600 |
| Retail (Max) | 2 | 1600 | ₹2,65,600 |
| S-HNI (Min) | 3 | 2400 | ₹3,98,400 |
| S-HNI (Max) | 7 | 5600 | ₹9,29,600 |
| B-HNI (Min) | 8 | 6400 | ₹10,62,400 |
Competitive Strength
- Comprehensive Service Offering.
- Convenient and User-Friendly Platform.
- International Market Access.
- Scalable Business Model.
- Experienced management team with proven project management and implementation skills.
Company Promoters
- Izhar Ahmad
- Rubeena Khatoon I Ahmed
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹20.49 Cr | ₹20.33 Cr | ₹0.11 Cr | – |
| 31 March 2024 | ₹30.66 Cr | ₹24.84 Cr | ₹5.27 Cr | ₹0.38 Cr |
| 31 March 2025 | ₹40.20 Cr | ₹32.01 Cr | ₹7.18 Cr | ₹0.48 Cr |
| 28 February 2026 | ₹45.29 Cr | ₹36.18 Cr | ₹8.05 Cr | ₹0.06 Cr |
Key Performance Indicator
| KPI | Values (Feb 28, 2026) |
|---|---|
| ROE | 31.56% |
| ROCE | 35.14% |
| RoNW | 31.56% |
| PAT Margin | 17.80% |
| EBITDA Margin | 20.32% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To Meet the Capital expenditure. | ₹10.47 |
| To Funding for Marketing and Promotional Activities. | ₹4.90 |
| To Meet Working Capital Requirements. | ₹6.42 |
| General corporate purposes. | – |
✅Strengths
- Asset-light business model helps scale operations with lower capital requirement.
- Wide travel service portfolio — flights, hotels, visa, cruise, holiday packages, transfers, car rentals under one platform.
- Technology-driven B2B platform with real-time booking, pricing and inventory management.
- Strong presence in India and GCC markets like UAE & Saudi Arabia, benefiting from rising outbound travel demand.
- Experienced promoters with over a decade of travel industry experience.
- Scalable business model with ability to add new suppliers, services and geographies efficiently.
⚠️Risks
- Highly competitive industry with competition from OTAs, travel aggregators and traditional tour operators.
- Business depends heavily on travel industry demand, which can be impacted by economic slowdown, geopolitical events or travel restrictions.
- Dependence on third-party suppliers like airlines, hotels and travel partners for service delivery.
- Significant dependence on promoters and key management; loss of key personnel may impact operations.
- Possible conflict of interest with subsidiary Arabian Wonder FZC LLC, as both operate in similar travel segments.
- Business is exposed to technology/platform-related risks, since operations are largely digital.
UHM Vacation IPO Promoter Holding
| Pre-Issue Share Holding | 97.35% |
| Post Issue Share Holding | 65.40% |
UHM Vacation IPO Prospectus
Company Contact Information
| UHM Vacation Limited C 715, Dattani Plaza, Near E W Ind Est, Safed Pool Saki Naka, Andheri (East), Mumbai, Maharashtra, 400072 Phone: 02246079484 Email: cs@uhmvacation.com Website: https://uhmvacation.com/ |
UHM Vacation IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: +91-22-4918 6270 Email: uhmvacation.ipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
UHM Vacation IPO Lead Manager(s)
| 1. Sobhagya Capital Options Private Limited |
UHM Vacation IPO FAQ
| What is the UHM Vacation IPO? UHM Vacation IPO is an SME IPO. The issue is priced at ₹157 – ₹166 per equity share. The IPO is to be listed on BSE SME. |
| When will UHM Vacation IPO open? The IPO is to open on 04 June 2026 for QIB, NII, and Retail Investors. |
| What is UHM Vacation IPO Investors’ Portion? The investors’ portion for QIB – 1.17%%, NII – 48.95%, and Retail – 49.88%. |
| What is the UHM Vacation IPO Size? UHM Vacation IPO size is ₹36.02 Crore. |
| What are the UHM Vacation IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 1600 Shares for ₹2,65,600, while the maximum bid is 1600 Shares for ₹2,65,600. |
| What is the UHM Vacation IPO Allotment Date? UHM Vacation IPO allotment date is 09 June 2026. |
| What is the UHM Vacation IPO Listing Date? UHM Vacation IPO listing date is 11 June 2026. The IPO is to be listed on the BSE SME. |
