UHM Vacation
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UHM Vacation IPO

IPO Open Now
₹2,51,200
Bidding Dates 04 Jun, 26 -08 Jun, 26
Min Investment ₹2,51,200
Lot Size800
Price Range ₹157 – ₹166
Issue Size ₹36.02 Cr.
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IPO Timeline
IPO Offer Start
04 Jun,26
IPO Offer Ends
08 Jun,26
Allotment Finalisation
09 Jun,26
Refund Initiation
10 Jun,26
Listing of Shares
11 Jun,26

IPO Analysis

Strengths
Strenghts

The company offers a broad range of travel services including international and domestic air ticketing, accommodations, transfer management, car rentals, visa services, holiday packages, tours & activities, and cruise bookings through a comprehensive one-stop platform for B2B clients.

Strenghts

The company provides a user-friendly platform with real-time availability, instant booking confirmation, and secure transaction processing, enabling agents to quickly search, select, and book services while minimizing complexity of managing multiple supplier relationships.

Strenghts

The company serves customers across India and GCC countries including UAE, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain. In 2024, UAE accounted for 25.09% and Saudi Arabia 11.03% of Indian outbound travellers, with combined GCC region representing over 36.12% of Indian outbound traffic.

Risks
Risk

The company derives a significant portion of revenue from a limited number of customers, with the top customer contributing 48.98% of revenue in the period ended February 28, 2026. Loss of major customers or deterioration in their financial condition could adversely affect business operations and cash flows.

Risk

The company's revenue is entirely dependent on the domestic and global travel and tourism sector, with accommodation and travel services representing 95.26% of total revenue. Any downturns or disruptions in this volatile industry could severely impact financial performance.

Risk

The company is heavily dependent on Gulf Countries markets, which contributed 77.83% of consolidated revenue for fiscal 2025. Any economic downturn in this region could significantly impact sales performance and financial stability.

Objectives

The company intends to upgrade its B2B travel portal system to dual-server architecture, enhance integration with airlines, hotels, and service providers, and implement advanced features including AI Chatbot, Dynamic Packaging, and CRM-Accounting integration to improve platform performance and scalability.

The company proposes to establish a dedicated Customer Support Office to strengthen service infrastructure, manage interactions with agents and customers, and support business expansion across GCC regions with 24x7 multi-lingual support capabilities.

The company intends to purchase vehicles to establish a company-owned fleet for better service reliability, enhanced profit margins, and to support ancillary services such as airport transfers, local sightseeing, and business travel solutions.

The company proposes to enhance brand visibility and support sales growth through participation in travel exhibitions and trade shows including SATTE, OTM, TTF, and BLTM to strengthen business relationships and expand market reach.

The company intends to finance working capital requirements to manage day-to-day operations, fund pre-booking and ticketing business, support inventory acquisition for airlines and hotels, and maintain extended credit terms for B2B customers.

The company proposes to deploy balance proceeds for general corporate purposes including business development initiatives, meeting operational expenses such as salaries, rent, administration costs, insurance premiums, and other expenses incurred in ordinary course of business.

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About UHM Vacation

The company is engaged in the business of travel and tourism aggregator services, offering a comprehensive range of travel and tourism solutions under one platform, catering to the Business-to-Business segment. The company sources and aggregates services from airlines operators, accommodation service providers, cruise lines, car rental companies, visa facilitators, and...more
Managing DirectorIzhar Ahmad