{"id":107767,"date":"2026-06-05T09:55:53","date_gmt":"2026-06-05T04:25:53","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=107767"},"modified":"2026-06-05T09:55:56","modified_gmt":"2026-06-05T04:25:56","slug":"uhm-vacation-ipo-gmp-day-2-june-5-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/","title":{"rendered":"UHM Vacation IPO GMP Day 2 on 5 June 2026: Rs 34 Grey Market Premium Signals 20.5% Expected Listing Gain on BSE SME"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>UHM Vacation IPO GMP Day 2 (June 5): Rs 34\/share. Expected listing Rs 200 (+20.5%). Price Rs 157-166. Issue Rs 36.02 Cr. Closes June 8. Listing June 11 BSE SME.<\/em><\/p>\n<p>The UHM Vacation IPO GMP is grabbing the attention of IPO investors on 5 June 2026, as the Day 2 of the public issue shows Day 2 activity with GMP of Rs 34 indicating positive grey market sentiment.<\/p>\n<p>UHM Vacation Limited, founded in 2009 and headquartered in Mumbai, is a B2B travel technology company that provides a comprehensive suite of travel services through a single integrated technology platform. The UHM Vacation IPO is backed by a company that enables travel agencies, corporate travel managers, and independent travel agents to search, compare, and book travel services in real time. The platform provides access to domestic and international flights, hotel accommodations, holiday packages, cruise bookings, car rentals, transfers, visa assistance, and tour activities. UHM Vacation has established a presence across India and the GCC region, with a growing network of registered agents in both markets.<\/p>\n<p>The grey market premium (GMP) for UHM Vacation IPO GMP is currently Rs 34 per share, indicating an expected listing price of approximately Rs 200 against the upper price band of Rs 157 to Rs 166 per share per share, implying a potential listing gain of approximately 20.5%.<\/p>\n<p>Investors must note that grey market premium is an unofficial, unregulated indicator that is not governed by SEBI. GMP fluctuates daily based on investor sentiment, subscription data, and broader market conditions. The UHM Vacation IPO GMP grey market premium should be used as one data point. Investors tracking the UHM Vacation IPO GMP among many in the investment decision process, not as the primary factor. Investors should review the full prospectus before applying for the UHM Vacation IPO GMP. This does not constitute investment advice.<\/p>\n<p style=\"margin-top: 24px; margin-bottom: 16px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=uhm-vacation-ipo-gmp-day-2-jun-ipo\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#UHM_Vacation_IPO_GMP_Key_IPO_Details_on_5_June_2026\" title=\"UHM Vacation IPO GMP: Key IPO Details on 5 June 2026\">UHM Vacation IPO GMP: Key IPO Details on 5 June 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#What_Is_UHM_Vacation_Limited_and_What_Does_It_Do\" title=\"What Is UHM Vacation Limited and What Does It Do?\">What Is UHM Vacation Limited and What Does It Do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#UHM_Vacation_IPO_GMP_Financial_Performance\" title=\"UHM Vacation IPO GMP: Financial Performance\">UHM Vacation IPO GMP: Financial Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#UHM_Vacation_IPO_GMP_Use_of_IPO_Proceeds\" title=\"UHM Vacation IPO GMP: Use of IPO Proceeds\">UHM Vacation IPO GMP: Use of IPO Proceeds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#UHM_Vacation_IPO_GMP_Promoters_and_Shareholding\" title=\"UHM Vacation IPO GMP: Promoters and Shareholding\">UHM Vacation IPO GMP: Promoters and Shareholding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#Key_Risks_to_the_UHM_Vacation_IPO_GMP\" title=\"Key Risks to the UHM Vacation IPO GMP\">Key Risks to the UHM Vacation IPO GMP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#Should_You_Apply_for_the_UHM_Vacation_IPO_GMP\" title=\"Should You Apply for the UHM Vacation IPO GMP?\">Should You Apply for the UHM Vacation IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#Frequently_Asked_Questions_on_UHM_Vacation_IPO_GMP\" title=\"Frequently Asked Questions on UHM Vacation IPO GMP\">Frequently Asked Questions on UHM Vacation IPO GMP<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#What_is_the_UHM_Vacation_IPO_GMP_today_on_5_June_2026\" title=\"What is the UHM Vacation IPO GMP today on 5 June 2026?\">What is the UHM Vacation IPO GMP today on 5 June 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#What_is_the_UHM_Vacation_IPO_price_band_lot_size_and_minimum_investment\" title=\"What is the UHM Vacation IPO price band, lot size and minimum investment?\">What is the UHM Vacation IPO price band, lot size and minimum investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#What_does_UHM_Vacation_do_and_what_is_its_business_model\" title=\"What does UHM Vacation do and what is its business model?\">What does UHM Vacation do and what is its business model?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#What_are_the_key_financial_highlights_of_UHM_Vacation_before_the_IPO\" title=\"What are the key financial highlights of UHM Vacation before the IPO?\">What are the key financial highlights of UHM Vacation before the IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-gmp-day-2-june-5-2026\/#Should_I_apply_for_the_UHM_Vacation_IPO_given_the_current_GMP\" title=\"Should I apply for the UHM Vacation IPO given the current GMP?\">Should I apply for the UHM Vacation IPO given the current GMP?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"UHM_Vacation_IPO_GMP_Key_IPO_Details_on_5_June_2026\"><\/span><strong>UHM Vacation IPO GMP: Key IPO Details on 5 June 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Parameter<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Company<\/td>\n<td><strong>UHM Vacation Limited<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue Type<\/td>\n<td>Book-built Issue (Fresh Issue + OFS)<\/td>\n<\/tr>\n<tr>\n<td>Exchange<\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td>Issue Size<\/td>\n<td>Rs 36.02 crore<\/td>\n<\/tr>\n<tr>\n<td>Price Band \/ Issue Price<\/td>\n<td>Rs 157 to Rs 166 per share<\/td>\n<\/tr>\n<tr>\n<td>Face Value<\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>800 shares (minimum 2 lots = 1,600 shares for retail)<\/td>\n<\/tr>\n<tr>\n<td>Minimum Investment<\/td>\n<td>Rs 2,65,600 (retail, 2 lots at Rs 166)<\/td>\n<\/tr>\n<tr>\n<td>Open Date<\/td>\n<td>June 4, 2026<\/td>\n<\/tr>\n<tr>\n<td>Close Date<\/td>\n<td>June 8, 2026<\/td>\n<\/tr>\n<tr>\n<td>Allotment Date<\/td>\n<td>June 9, 2026<\/td>\n<\/tr>\n<tr>\n<td>Listing Date<\/td>\n<td>June 11, 2026 (BSE SME)<\/td>\n<\/tr>\n<tr>\n<td>Issue Structure<\/td>\n<td>Fresh Issue Rs 29.04 Cr + OFS of 4.20 lakh shares<\/td>\n<\/tr>\n<tr>\n<td>Book Running Lead Manager<\/td>\n<td>To be disclosed per BSE filings<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>BSE SME Registrar<\/td>\n<\/tr>\n<tr>\n<td>GMP (5 June 2026)<\/td>\n<td><strong>Rs 34 per share<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Expected Listing Price<\/td>\n<td>~Rs 200<\/td>\n<\/tr>\n<tr>\n<td>Expected Listing Gain<\/td>\n<td>~20.5% above issue price<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">Check Live IPO Subscription and Allotment on Univest<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Track all open IPOs, subscription rates, GMP trends and allotment status in real time.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Live GMP and subscription data for all open IPOs<\/li>\n<li>Allotment status checker and listing day alerts<\/li>\n<li>IPO research and expert analysis on every issue<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Access IPO research and insights on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/ipo\" target=\"_blank\" rel=\"noopener\">Track IPOs \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_UHM_Vacation_Limited_and_What_Does_It_Do\"><\/span><strong>What Is UHM Vacation Limited and What Does It Do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>UHM Vacation Limited, founded in 2009 and headquartered in Mumbai, is a B2B travel technology company that provides a comprehensive suite of travel services through a single integrated technology platform. The UHM Vacation IPO is backed by a company that enables travel agencies, corporate travel managers, and independent travel agents to search, compare, and book travel services in real time. The platform provides access to domestic and international flights, hotel accommodations, holiday packages, cruise bookings, car rentals, transfers, visa assistance, and tour activities. UHM Vacation has established a presence across India and the GCC region, with a growing network of registered agents in both markets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UHM_Vacation_IPO_GMP_Financial_Performance\"><\/span><strong>UHM Vacation IPO GMP: Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The UHM Vacation IPO is underpinned by a company showing consistent double-digit revenue and profit growth. Revenue grew from Rs 30.66 crore in FY24 to Rs 40.20 crore in FY25 (+31.1%), and profit after tax grew from Rs 5.27 crore to Rs 7.18 crore (+36.2%). The FY23-to-FY25 revenue doubling from Rs 20.49 crore to Rs 40.20 crore demonstrates strong compounding in a 17-year-old company. The nearly zero debt balance sheet of UHM Vacation is a significant positive for a small-cap issuer in the current elevated interest rate environment. These financials have contributed to the UHM Vacation IPO GMP reaching Rs 34 on Day 2.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UHM_Vacation_IPO_GMP_Use_of_IPO_Proceeds\"><\/span><strong>UHM Vacation IPO GMP: Use of IPO Proceeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The UHM Vacation IPO fresh issue proceeds will be used for: capital expenditure of Rs 10.47 crore (primarily technology infrastructure investment); marketing and promotional activities of Rs 4.90 crore to expand the agent network; and working capital requirements of Rs 6.42 crore to fund the company&#8217;s day-to-day operations. The OFS component proceeds will go to the selling shareholders. The UHM Vacation IPO promoters are Mr. Izhar Ahmad and Ms. Rubeena Khatoon I Ahmed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UHM_Vacation_IPO_GMP_Promoters_and_Shareholding\"><\/span><strong>UHM Vacation IPO GMP: Promoters and Shareholding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The UHM Vacation IPO is promoted by Mr. Izhar Ahmad and Ms. Rubeena Khatoon I Ahmed. The husband-wife promoter team has operated UHM Vacation since its founding in 2009, giving them approximately 17 years of experience in India&#8217;s B2B travel technology space. The GCC market presence, which is a key differentiator for UHM Vacation, reflects the promoters&#8217; understanding of the Indian diaspora&#8217;s travel patterns and the outbound travel market from India to the Gulf.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_UHM_Vacation_IPO_GMP\"><\/span><strong>Key Risks to the UHM Vacation IPO GMP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Key risks to the UHM Vacation IPO include: a very small team of only 20 employees creating significant key-person risk; BSE SME listing providing lower liquidity and wider bid-ask spreads post-listing; the B2B travel aggregation business faces intense competition from OTAs, direct airline\/hotel booking platforms, and other aggregators; GCC market revenue is subject to foreign policy and geopolitical risk; and the minimum retail investment of Rs 2,65,600 (2 lots) is high relative to the company&#8217;s current profitability. The UHM Vacation IPO GMP of Rs 34 is positive but investors should assess these risks carefully. This does not constitute investment advice.<\/p>\n<p style=\"margin-top: 24px; margin-bottom: 16px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track UHM Vacation IPO GMP GMP updates, subscription data and listing alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Apply_for_the_UHM_Vacation_IPO_GMP\"><\/span><strong>Should You Apply for the UHM Vacation IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The decision to apply for the UHM Vacation IPO GMP should be based on a thorough review of the company&#8217;s financials, business model, valuation, and risk factors as disclosed in the Red Herring Prospectus. The UHM Vacation IPO GMP of Rs 34 provides some indication of grey market sentiment, but GMP is unofficial and can change rapidly. Investors should evaluate the UHM Vacation IPO GMP valuation against listed peers, assess the promoter track record, and consider whether the business has durable competitive advantages before applying. This article is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making any investment decision related to the UHM Vacation IPO GMP.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The UHM Vacation IPO GMP on 5 June 2026 is in its day 2 with subscription data and a GMP of Rs 34 (expected listing gain ~20.5%). The UHM Vacation IPO GMP issue closes on June 8, 2026, with allotment expected on June 9, 2026 and listing on June 11, 2026 (BSE SME). Investors should review the UHM Vacation IPO GMP prospectus, compare the valuation with listed peers, and make an informed decision based on their own risk appetite and investment horizon. This does not constitute investment advice.<\/p>\n<p><em>Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 20px 24px; margin: 32px 0;\">\n<p style=\"color: #ffffff; font-size: 14px; line-height: 1.8; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_UHM_Vacation_IPO_GMP\"><\/span><strong>Frequently Asked Questions on UHM Vacation IPO GMP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_UHM_Vacation_IPO_GMP_today_on_5_June_2026\"><\/span><strong>What is the UHM Vacation IPO GMP today on 5 June 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The UHM Vacation IPO GMP today on 5 June 2026 stands at Rs 34 per share. Based on this GMP, the expected listing price for UHM Vacation is approximately Rs 200, against the upper price band of Rs 166, indicating a potential listing gain of approximately 20.5%. The UHM Vacation IPO GMP of Rs 34 was recorded as both the high and low on June 4, 2026, suggesting stable but meaningful grey market interest. Grey market premium is unofficial and unregulated by SEBI; it should not be the sole basis for investment decisions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_UHM_Vacation_IPO_price_band_lot_size_and_minimum_investment\"><\/span><strong>What is the UHM Vacation IPO price band, lot size and minimum investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The UHM Vacation IPO price band is Rs 157 to Rs 166 per equity share with a face value of Rs 10 per share. The minimum lot size is 800 shares. Retail investors must apply for a minimum of 2 lots (1,600 shares), making the minimum investment Rs 2,65,600 at the upper price band of Rs 166. The UHM Vacation IPO is a BSE SME issue, which means it will list only on the BSE SME platform. Retail investors are limited to a maximum of 2 lots (1,600 shares) for this IPO; applications for more shares must be in the HNI\/NII category which has different allotment rules.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_UHM_Vacation_do_and_what_is_its_business_model\"><\/span><strong>What does UHM Vacation do and what is its business model?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> UHM Vacation Limited, founded in 2009, is a B2B travel technology aggregator that provides a wide range of travel services through a single technology-driven platform. The company serves travel agencies, corporate travel managers, and independent travel agents by providing real-time access to pricing, inventory, and availability across travel products including domestic and international flights, hotel accommodations, cruises, car rentals, visa assistance, transfers, tours, holiday packages, and activities. UHM Vacation has established a presence across India and GCC (Gulf Cooperation Council) countries through a network of registered agents. As of March 31, 2026, the company had 20 employees. Its revenue has grown from Rs 20.49 crore in FY23 to Rs 40.20 crore in FY25 (approximately 2x in 2 years), and profit from near-nil to Rs 7.18 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_financial_highlights_of_UHM_Vacation_before_the_IPO\"><\/span><strong>What are the key financial highlights of UHM Vacation before the IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> UHM Vacation&#8217;s financial performance ahead of the UHM Vacation IPO GMP assessment shows consistent growth: revenue grew from Rs 30.66 crore in FY24 to Rs 40.20 crore in FY25 (+31.1% year-on-year), and profit after tax grew from Rs 5.27 crore in FY24 to Rs 7.18 crore in FY25 (+36.2% year-on-year). Revenue has more than doubled from Rs 20.49 crore in FY23 to Rs 40.20 crore in FY25 over two years. The company has nearly zero debt on its balance sheet, which is a positive signal for a small-cap IPO. The use of IPO proceeds focuses on capital expenditure (Rs 10.47 crore), marketing and promotion (Rs 4.90 crore), and working capital (Rs 6.42 crore).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_apply_for_the_UHM_Vacation_IPO_given_the_current_GMP\"><\/span><strong>Should I apply for the UHM Vacation IPO given the current GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The UHM Vacation IPO GMP of Rs 34 (approximately 20.5% expected listing gain) is a positive signal for grey market participants. Positive factors include: strong GMP, nearly zero debt balance sheet, consistent revenue doubling over FY23-FY25, and the B2B travel tech segment&#8217;s strong tailwinds from India&#8217;s outbound travel boom. Risk factors include: the high minimum investment of Rs 2,65,600 for retail; a very small company with only 20 employees as of March 2026, creating key-person risk; SME IPO listing only on BSE SME which has lower liquidity than mainboard exchanges; and the UHM Vacation IPO GMP had no subscription oversubscription on Day 1. Investors should conduct independent research before applying. This does not constitute investment advice.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the UHM Vacation IPO GMP today on 5 June 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The UHM Vacation IPO GMP today on 5 June 2026 stands at Rs 34 per share. Based on this GMP, the expected listing price for UHM Vacation is approximately Rs 200, against the upper price band of Rs 166, indicating a potential listing gain of approximately 20.5%. The UHM Vacation IPO GMP of Rs 34 was recorded as both the high and low on June 4, 2026, suggesting stable but meaningful grey market interest. Grey market premium is unofficial and unregulated by SEBI; it should not be the sole basis for investment decisions.\"}},{\"@type\":\"Question\",\"name\":\"What is the UHM Vacation IPO price band, lot size and minimum investment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The UHM Vacation IPO price band is Rs 157 to Rs 166 per equity share with a face value of Rs 10 per share. The minimum lot size is 800 shares. Retail investors must apply for a minimum of 2 lots (1,600 shares), making the minimum investment Rs 2,65,600 at the upper price band of Rs 166. The UHM Vacation IPO is a BSE SME issue, which means it will list only on the BSE SME platform. Retail investors are limited to a maximum of 2 lots (1,600 shares) for this IPO; applications for more shares must be in the HNI\/NII category which has different allotment rules.\"}},{\"@type\":\"Question\",\"name\":\"What does UHM Vacation do and what is its business model?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"UHM Vacation Limited, founded in 2009, is a B2B travel technology aggregator that provides a wide range of travel services through a single technology-driven platform. The company serves travel agencies, corporate travel managers, and independent travel agents by providing real-time access to pricing, inventory, and availability across travel products including domestic and international flights, hotel accommodations, cruises, car rentals, visa assistance, transfers, tours, holiday packages, and activities. UHM Vacation has established a presence across India and GCC (Gulf Cooperation Council) countries through a network of registered agents. As of March 31, 2026, the company had 20 employees. Its revenue has grown from Rs 20.49 crore in FY23 to Rs 40.20 crore in FY25 (approximately 2x in 2 years), and profit from near-nil to Rs 7.18 crore.\"}},{\"@type\":\"Question\",\"name\":\"What are the key financial highlights of UHM Vacation before the IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"UHM Vacation's financial performance ahead of the UHM Vacation IPO GMP assessment shows consistent growth: revenue grew from Rs 30.66 crore in FY24 to Rs 40.20 crore in FY25 (+31.1% year-on-year), and profit after tax grew from Rs 5.27 crore in FY24 to Rs 7.18 crore in FY25 (+36.2% year-on-year). Revenue has more than doubled from Rs 20.49 crore in FY23 to Rs 40.20 crore in FY25 over two years. The company has nearly zero debt on its balance sheet, which is a positive signal for a small-cap IPO. The use of IPO proceeds focuses on capital expenditure (Rs 10.47 crore), marketing and promotion (Rs 4.90 crore), and working capital (Rs 6.42 crore).\"}},{\"@type\":\"Question\",\"name\":\"Should I apply for the UHM Vacation IPO given the current GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The UHM Vacation IPO GMP of Rs 34 (approximately 20.5% expected listing gain) is a positive signal for grey market participants. Positive factors include: strong GMP, nearly zero debt balance sheet, consistent revenue doubling over FY23-FY25, and the B2B travel tech segment's strong tailwinds from India's outbound travel boom. Risk factors include: the high minimum investment of Rs 2,65,600 for retail; a very small company with only 20 employees as of March 2026, creating key-person risk; SME IPO listing only on BSE SME which has lower liquidity than mainboard exchanges; and the UHM Vacation IPO GMP had no subscription oversubscription on Day 1. Investors should conduct independent research before applying. This does not constitute investment advice.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UHM Vacation IPO GMP Day 2 (June 5, 2026): Rs 34 per share. Expected listing Rs 200 (+20.5%). Price band Rs 157-166. Face value Rs 10. Lot size 800 (min 2 lots = 1,600 shares for retail). Min investment Rs 2,65,600. Issue size Rs 36.02 Cr (Fresh Rs 29.04 Cr + OFS 4.20 lakh shares). Opens June 4, closes June 8. Allotment June 9. Listing June 11 BSE SME. FY25 revenue Rs 40.20 Cr (+31.1% YoY). FY25 PAT Rs 7.18 Cr (+36.2%). Nearly zero debt. B2B travel tech, India and GCC. Promoters: Izhar Ahmad, Rubeena Khatoon.<\/p>\n","protected":false},"author":34,"featured_media":107792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4023],"class_list":["post-107767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo-gmp-day-2"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1780633674:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["81"],"rank_math_title":["UHM Vacation IPO GMP Day 2: Rs 34, 20.5% Expected Gain"],"rank_math_description":["UHM Vacation IPO GMP Day 2 (June 5): Rs 34\/share. Expected listing Rs 200 (+20.5%). Price Rs 157-166. Issue Rs 36.02 Cr. Closes June 8. 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