UHM Vacation Ltd (BSE SME)

UHM Vacation Ltd (BSE SME)

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Min. Investment
1,32,800
/ 800 Shares
Check Allotment Status
Issue Price
157-166
Subscription
2.36x
Issue Size
36.02
Lot Size
800
Open
Jun 4, 2026
Close
Jun 8, 2026
Allotment
Jun 9, 2026
Listing
Jun 11, 2026

1. UHM Vacation Ltd (BSE SME) IPO Details

UHM Vacation Ltd IPO Details

UHM Vacation Ltd IPO is a book-built issue of ₹36.02 crores. The issue consists of a fresh issue of 16.39 lakh shares (aggregating up to ₹27.00 Cr) and an offer-for-sale (OFS) component of 4.20 lakh shares (aggregating up to ₹7.00 Cr).

The bidding for the IPO started this Thursday, Jun 4, 2026, and closed today on Jun 8, 2026. The allotment is expected to be finalized on Jun 9, 2026. The company will list on the BSE SME platform, with a tentative listing date fixed as Jun 11, 2026.

The price band is set at ₹157–₹166 per share. The lot size for an application is 800 shares, but the minimum application for retail investors is 2 lots (1,600 shares). The minimum amount of investment required by a retail investor is ₹2,65,600.

Grey Market Premium

Estimated listing gains (Live)

0

Financial Summary

Period Ended28 Feb 202631 Mar 202531 Mar 202431 Mar 2023
Assets43.4139.0619.343.60
Total Income45.2940.2030.6620.49
Profit After Tax8.057.185.270.11
EBITDA9.198.265.870.18
NET Worth30.0520.9613.720.98
Reserves and Surplus25.1519.8612.620.87
Total Borrowing0.060.480.38-

IPO Details

IPO Date4 to 8 Jun, 2026
Listing DateThu, Jun 11, 2026 T
Face Value₹ 10 per share
Price Band₹157 to ₹166
Lot Size800 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE SME
Total Issue Size21,69,600 shares (agg. up to ₹ 36 Cr)
Reserved for Market Maker1,10,400 shares (agg. up to ₹ 2 Cr) Giriraj Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)16,39,200 shares (agg. up to ₹ 27 Cr)
Offer for Sale4,20,000 shares of ₹ 10 (agg. up to ₹ 7 Cr)
Net Offered to Public20,59,200 shares (agg. up to ₹ 34 Cr)
Share Holding Pre Issue48,96,236 shares
Share Holding Post Issue66,45,836 shares

Issue Reservation

Investor CategoryShares Offered% of Net Issue% of Total Issue
QIB Shares Offered19,2000.93%0.88%
NII (HNI) Shares Offered10,08,00048.95%46.46%
bNII > ₹10L6,72,000-30.97%
sNII < ₹10L3,36,000-15.49%
Retail Shares Offered10,32,00050.12%47.57%
Market Maker Shares Offered1,10,400-5.09%
Total Shares Offered21,69,600100.00%100.00%

IPO Lot Size

ApplicationLotsSharesAmount
Individual investors (IND) (Min)21,600₹2,65,600
Individual investors (IND) (Max)21,600₹2,65,600
S-HNI (Min)32,400₹3,98,400
S-HNI (Max)75,600₹9,29,600
B-HNI (Min)86,400₹10,62,400

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Western Overseas Study Abroad Ltd.SME₹10.07 Cr₹56₹52.16-6.86%₹18.50 ( -2.17% )
Helloji Holidays Ltd.SME₹10.97 Cr₹118₹123.90+5.00%₹130.00 ( +4.00% )
LGT Business Connextions Ltd.SME₹28.09 Cr₹107₹81.35-23.97%₹48.39 ( -3.20% )

IPO Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1To Meet the Capital expenditure10.47
2Funding for Marketing and Promotional Activities4.90
3To Meet Working Capital Requirements6.42
4General Corporate Purposes-

Key Performance Indicator (KPI)

KPIFeb 28, 2026Mar 31, 2025
ROE31.56%41.42%
ROCE35.14%46.01%
Debt/Equity0.000.02
RoNW31.56%41.42%
PAT Margin17.80%17.89%
EBITDA Margin20.32%20.56%
Price to Book Value2.703.85

Pre/Post IPO Valuation

ParameterPre IPOPost IPO
EPS (₹)14.6710.81
P/E (x)11.3215.36
Promoter Holding97.35%65.40%
Market Cap₹ 110.32 Cr.-

UHM Vacation IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0100
Members0000

IPO Subscription Status

CategorySubscription (x)Shares OfferedShares bid forTotal Applications
QIB (Ex Anchor)1.0019,20019,2000
NII0.8610,08,0008,63,2000
bNII (> ₹10L)0.826,72,0005,48,800-
sNII (< ₹10L)0.943,36,0003,14,400-
Individual Investor3.8610,32,00039,82,4000
Total2.3620,59,20048,64,8002,636

2. About UHM Vacation Ltd (BSE SME)

About UHM Vacation Ltd

Incorporated as a growing player in the leisure and hospitality services sector, UHM Vacation Limited operates a hospitality business focused on vacation ownership, holiday packages, and hotel/resort management. The company provides tailor-made vacation experiences and premium leisure services to its expanding customer base.

Business Verticals

  • Vacation Ownership & Membership: Offering long-term holiday memberships with access to a network of associated hotels and resorts.

  • Holiday Packages: Designing and retailing customized domestic and international tour itineraries for families and corporate groups.

  • Hotel Operations & Management: Managing and operating boutique resorts and leisure properties under its hospitality umbrella.

  • Marketing & Promotional Services: Driving customer acquisition through dedicated experience hubs and digital marketing networks.


Track Record

  • Revenue Growth: Total income increased steadily from ₹20.49 Cr in FY23 to ₹40.20 Cr in FY25, and reached ₹45.29 Cr for the 11-month period ending February 28, 2026.

  • Profitability: Net profit (PAT) surged from a mere ₹0.11 Cr in FY23 to ₹7.18 Cr in FY25, reporting a further increase to ₹8.05 Cr in the period ending February 2026.

  • Subscription Interest: On its final day of bidding (June 8, 2026), the public issue was subscribed 2.36 times overall, driven by individual retail investor demand which was booked 3.86 times.


UHM Vacation Ltd IPO GMP

As of June 8, 2026, the Grey Market Premium (GMP) is currently ₹0.

Note: Although the GMP is trading flat at the close of bidding, the strong individual retail application numbers and a solid PAT margin of 17.80% point toward steady institutional and retail baseline interest.


UHM Vacation Ltd IPO Allotment Status

The allotment is scheduled to be finalized on June 9, 2026.

Check UHM Vacation Allotment Status

To check your status online, visit the official stock exchange portal or the assigned registrar's portal.

You can verify your status via:

  • BSE Official Portal

  • Designated Registrar's tracking website

  • Using your PAN number, Application ID, or DP ID


Strengths

  • High Profitability Margins: Boasts an impressive PAT margin of 17.80% and an EBITDA margin of 20.32% as of February 2026.

  • Strong Return Ratios: Maintains excellent capital efficiency with a Return on Equity (ROE) of 31.56% and ROCE of 35.14%.

  • Virtually Debt-Free: Strong balance sheet management with a debt-to-equity ratio of 0.00 as of the latest financial period.

  • Asset-Light Operational Scale: Total assets grew to ₹43.41 Cr in Feb 2026 from ₹3.60 Cr in FY23, showing scalable expansion.

Weaknesses

  • Leisure Sector Vulnerability: The vacation and hospitality business is highly cyclical and easily impacted by general economic downturns or changing consumer spending habits.

  • Marketing and Promotional Dependence: High operational reliance on consistently funding customer acquisition channels to maintain membership sales velocity.

  • OFS Component Included: Out of the total ₹36.02 crore issue size, ₹7.00 crore is an Offer for Sale, which means that portion of the capital flows to existing selling shareholders rather than company expansion.


How the Company Will Use IPO Money

The fresh issue proceeds (up to ₹27.00 Cr) will be utilized for:

  • Capital Expenditure: Funding planned infrastructure and hospitality capacity expansion (₹10.47 Cr).

  • Working Capital Requirements: To fund day-to-day operations and ongoing business scaling (₹6.42 Cr).

  • Marketing & Promotions: Funding brand building, advertisements, and promotional campaigns (₹4.90 Cr).

  • General Corporate Purposes: Meeting regular corporate operational needs and listing expenses.


Lead Manager & Registrar

  • Market Maker: Giriraj Stock Broking Private Limited

  • Registrar Information: Detailed registrar allocation can be tracked directly through the official prospectus channel.

D
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