UHM Vacation IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Allotment Chances
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Feb 2026 |
|---|---|---|---|---|
| Revenue | 20.49 | 30.66 | 40.20 | 45.29 |
| Expense | 20.33 | 24.84 | 32.01 | 36.18 |
| Profit (PAT) | 0.11 | 5.27 | 7.18 | 8.05 |
| Total Assets | 3.60 | 19.34 | 39.06 | 43.41 |
| Company | P/E | EPS |
|---|---|---|
| LGT Business Connextions Limited | 10.88 | 7.44 |
| Helloji Holidays Limited | 14.41 | 8.60 |
| International Travel House Limited | 11.01 | 33.96 |
Promoters: Izhar Ahmad and Rubeena Khatoon I Ahmed
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 48,96,236 | 97.35% |
| Promoter Holding Post Issue | 66,45,836 | 65.40% |
Strengths & Risks
- Revenue grew 31% in the latest reported year.
- Solid profit margin — 17.9%.
- Strong return on equity — 41%.
- Low leverage — debt/equity of 0.02.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Grey-market premium is flat or negative — a weak listing-pop signal.
- Grey-market premium is slipping during the bidding window.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
UHM Vacation Limited, founded in 2009, is one of the leading travel and tourism platforms that provides a diverse range of travel services via its single technology platform. The firm partners with tour and travel providers to offer various travel services, such as airline tickets, hotel accommodations, cruises, car rentals, visa assistance, transfers, tours, and holiday packages via a single platform. The firm provides all these services to travel agencies, corporate travel managers, and independent travel agents on its platforms. Through these platforms, users can easily find, compare prices and options, and book travel services quickly. Its platform’s main aim is to connect travel service providers and travel buyers under one roof. With the help of this platform, agents can easily find, book, and compare travel services and suppliers, and manage their inventory, pricing, and availability.
| Purpose | Amount (Cr) |
|---|---|
| To Meet the Capital expenditure | 10.47 |
| Funding for Marketing and Promotional Activities | 4.90 |
| To Meet Working Capital Requirements | 6.42 |
| General Corporate Purpose | - |
Resources & Documents
UHM Vacation Ltd., C 715, Dattani Plaza, Near E W Ind Est, Safed Pool, Saki Naka, Andheri (East),, Mumbai, Maharashtra, 400072
UHM Vacation has set a price band of Rs 157–Rs 166 per share for an issue size of Rs 36 crore. The subscription window has closed; shares are expected to list on June 11, 2026 (1 day away).
UHM Vacation Limited, founded in 2009, is one of the leading travel and tourism platforms that provides a diverse range of travel services via its single technology platform. The firm partners with tour and travel providers to offer various travel services, such as airline tickets, hotel accommodations, cruises, car rentals, visa assistance, transfers, tours, and holiday packages via a single platform.
The issue is promoted by Izhar Ahmad and Rubeena Khatoon I Ahmed with GYR Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards To Meet the Capital expenditure (Rs 10 crore) and Funding for Marketing and Promotional Activities (Rs 5 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand, down Rs 34 from the previous session. Final subscription data records overall subscription at 2.29x, retail at 3.86x, QIB at 1.00x, NII at 0.87x.
On fundamentals, the company is posting revenue growth of 31.1%, a profit margin of 17.9%, return on equity of 41.4% in its most recent reported period. Listed peers in this segment include LGT Business Connextions Limited (P/E 10.88x) and Helloji Holidays Limited (P/E 14.41x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Allotment status can be checked on the registrar portal once published; see the allotment links below.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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