{"id":111807,"date":"2026-06-10T09:29:20","date_gmt":"2026-06-10T03:59:20","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=111807"},"modified":"2026-06-10T09:29:22","modified_gmt":"2026-06-10T03:59:22","slug":"uhm-vacation-ipo-listing-preview-gmp","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-listing-preview-gmp\/","title":{"rendered":"UHM Vacation IPO Listing Preview: GMP Falls to Zero as Listing Day Nears &#8211; What Allottees Should Expect 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 lists on BSE SME tomorrow (June 11). Issue price Rs 166. GMP: peaked at Rs 34 (Jun 4), now Rs 0 (Jun 9-10). Subscribed 2.36x. Expected listing price: ~Rs 166 (flat). Revenue FY25 Rs 40.20 Cr (+31%).<\/em><\/p>\n<p>The <strong>UHM Vacation IPO listing<\/strong> is scheduled for June 11, 2026 on BSE SME, but investors tracking the grey market are heading into listing day with muted expectations. The IPO&#8217;s grey market premium (GMP), which peaked at Rs 34 per share on June 4 (the day subscriptions opened), implying a 20.5% listing gain, has since collapsed entirely to Rs 0, signalling that grey market sentiment has turned neutral. The overall subscription of 2.36 times further reflects measured rather than enthusiastic investor demand for this B2B travel aggregator&#8217;s maiden listing.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=uhm-vacation-listing\"><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-listing-preview-gmp\/#About_UHM_Vacation_Limited\" title=\"About UHM Vacation Limited\">About UHM Vacation Limited<\/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-listing-preview-gmp\/#UHM_Vacation_Listing_Preview_What_the_GMP_Drop_Signals\" title=\"UHM Vacation Listing Preview: What the GMP Drop Signals\">UHM Vacation Listing Preview: What the GMP Drop Signals<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-listing-preview-gmp\/#GMP_Collapse_from_Rs_34_to_Rs_0_Key_Concern_for_Allottees\" title=\"GMP Collapse from Rs 34 to Rs 0: Key Concern for Allottees\">GMP Collapse from Rs 34 to Rs 0: Key Concern for Allottees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-listing-preview-gmp\/#Modest_236x_Subscription_Validates_Cautious_Market_View\" title=\"Modest 2.36x Subscription Validates Cautious Market View\">Modest 2.36x Subscription Validates Cautious Market View<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-listing-preview-gmp\/#Fundamentals_Offer_a_Long-Term_Case\" title=\"Fundamentals Offer a Long-Term Case\">Fundamentals Offer a Long-Term Case<\/a><\/li><\/ul><\/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-listing-preview-gmp\/#What_Should_UHM_Vacation_IPO_Allottees_Do\" title=\"What Should UHM Vacation IPO Allottees Do?\">What Should UHM Vacation IPO Allottees Do?<\/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-listing-preview-gmp\/#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-8\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-listing-preview-gmp\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-listing-preview-gmp\/#When_does_UHM_Vacation_IPO_list\" title=\"When does UHM Vacation IPO list?\">When does UHM Vacation IPO list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/uhm-vacation-ipo-listing-preview-gmp\/#What_is_the_UHM_Vacation_IPO_GMP_before_listing\" title=\"What is the UHM Vacation IPO GMP before listing?\">What is the UHM Vacation IPO GMP before listing?<\/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-listing-preview-gmp\/#How_many_times_was_the_UHM_Vacation_IPO_subscribed\" title=\"How many times was the UHM Vacation IPO subscribed?\">How many times was the UHM Vacation IPO subscribed?<\/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-listing-preview-gmp\/#What_is_UHM_Vacations_business\" title=\"What is UHM Vacation&#8217;s business?\">What is UHM Vacation&#8217;s business?<\/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-listing-preview-gmp\/#What_are_UHM_Vacations_financial_highlights\" title=\"What are UHM Vacation&#8217;s financial highlights?\">What are UHM Vacation&#8217;s financial highlights?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"About_UHM_Vacation_Limited\"><\/span><strong>About UHM Vacation Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>UHM Vacation Limited, incorporated in 2009, operates as a B2B travel and tourism aggregator with an asset-light, technology-driven business model. The company serves travel agencies, corporate travel managers, and independent travel agents through a unified platform that aggregates airline tickets, hotel bookings, cruise packages, car rentals, visa assistance, and holiday packages from both direct integrations and third-party aggregators. UHM Vacation has a presence in the GCC (Gulf Cooperation Council) market alongside its domestic India operations. The company reported revenue of Rs 40.20 crore in FY25 (+31.1% YoY) and profit after tax of Rs 7.18 crore (+36.2% YoY), demonstrating consistent profitable growth in the B2B travel technology segment.<\/p>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #000; padding: 8px 10px; text-align: left; background: #000; color: #fff;\">IPO Parameter<\/th>\n<th style=\"border: 1px solid #000; padding: 8px 10px; text-align: left; background: #000; color: #fff;\">Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Exchange<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">BSE SME<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Issue Size<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Rs 36.02 crore (Fresh Rs 29.04 Cr + OFS Rs 6.97 Cr)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Issue Price (Upper Band)<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Rs 166 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Price Band<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Rs 157-166<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Lot Size<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">800 shares<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Retail Min. Investment<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Rs 2,65,600 (1,600 shares at Rs 166)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Subscription Dates<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">June 4-8, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Allotment Date<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">June 9, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Shares Credited<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">June 10, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Listing Date<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">June 11, 2026 (BSE SME)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Overall Subscription<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">2.36 times<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">GMP (Jun 9-10)<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Rs 0 (down from peak Rs 34)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Expected Listing<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">~Rs 166 (flat, based on GMP Rs 0)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Registrar<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">MUFG Intime India Pvt. Ltd.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">BRLM<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Sobhagya Capital Options Pvt. Ltd.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Business<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">B2B travel aggregator (airlines, hotels, cruises, visa, packages)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Revenue FY25<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Rs 40.20 crore (+31.1% YoY)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">PAT FY25<\/td>\n<td style=\"border: 1px solid #000; padding: 8px 10px; background: #fff; color: #000;\">Rs 7.18 crore (+36.2% YoY)<\/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;\">Stay Ahead with Daily IPO and Stock Research<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0;\">Univest&#8217;s research team tracks every IPO, GMP trend, and listing day move so you don&#8217;t have to.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Daily IPO GMP updates and subscription alerts<\/li>\n<li>Listing day analysis and post-listing targets<\/li>\n<li>High-conviction stock picks based on research<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\">Top Stock Picks<\/a> 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; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"UHM_Vacation_Listing_Preview_What_the_GMP_Drop_Signals\"><\/span><strong>UHM Vacation Listing Preview: What the GMP Drop Signals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"GMP_Collapse_from_Rs_34_to_Rs_0_Key_Concern_for_Allottees\"><\/span><strong>GMP Collapse from Rs 34 to Rs 0: Key Concern for Allottees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The UHM Vacation IPO GMP journey is a textbook example of grey market sentiment volatility in SME IPOs. The GMP hit Rs 34 on the opening day of subscription (June 4), creating excitement about a 20.5% listing premium at an estimated listing price of Rs 200. This level of early GMP often reflects initial enthusiasm and speculative positioning in the grey market. However, the GMP declined steadily through the subscription period and fell to Rs 0 by June 9, the allotment date. A GMP of Rs 0 implies that grey market participants expect the UHM Vacation IPO to list at or near the issue price of Rs 166, with no listing gain premium.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Modest_236x_Subscription_Validates_Cautious_Market_View\"><\/span><strong>Modest 2.36x Subscription Validates Cautious Market View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The UHM Vacation IPO subscription of 2.36 times overall was adequate but modest. For an SME IPO, subscriptions below 5 times often correlate with flat-to-negative listing performance. The IPO&#8217;s 49% retail quota and 49% NII quota suggests the offering was structured for a broad investor base, but demand did not materialise at high multiples. Allottees expecting the Rs 34 GMP-implied gains from the opening day should reassess expectations given the current Rs 0 GMP and moderate subscription.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fundamentals_Offer_a_Long-Term_Case\"><\/span><strong>Fundamentals Offer a Long-Term Case<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Despite the cautious listing signals, UHM Vacation&#8217;s underlying fundamentals are not weak. Revenue growing 31% and PAT growing 36% in FY25 reflect a business with positive operating momentum. The travel aggregator market in India and the GCC is structurally growing as digitisation of the B2B travel sector accelerates. Investors who received allotment at Rs 166 and have a 12-18 month investment horizon may still find value if the company executes its growth plan.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Research UHM Vacation and Track SME IPO Listings on Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_UHM_Vacation_IPO_Allottees_Do\"><\/span><strong>What Should UHM Vacation IPO Allottees Do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Given the GMP at Rs 0 and modest subscription, allottees should be prepared for a flat or marginal listing tomorrow. There is no compelling grey market signal for a strong listing gain. Investors who received allotment should evaluate: (1) If the listing price opens above Rs 166 with volume, consider holding with a 12-18 month view. (2) If the listing price opens significantly below Rs 166, assess whether to cut losses based on their investment conviction. This article does not constitute investment advice. Consult a SEBI-registered financial advisor.<\/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 listing on June 11 is expected to be flat around the issue price of Rs 166, based on GMP declining from Rs 34 to Rs 0 and a 2.36 times overall subscription. The company has solid revenue and profit growth, but grey market signals are cautious. Allottees should track the opening price and volume carefully and set realistic expectations for listing day. Use Univest to monitor live prices.<\/p>\n<p style=\"margin-top: 24px;\"><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 listing price live on Univest and get SME IPO research.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. GMP (grey market premium) is unofficial and unregulated by SEBI. It is not a guaranteed indicator of listing price. Verify all data before investing. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span><strong>Frequently Asked Questions (FAQs)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_does_UHM_Vacation_IPO_list\"><\/span><strong>When does UHM Vacation IPO list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> UHM Vacation IPO is scheduled to list on BSE SME on June 11, 2026. Allotment was finalised on June 9, 2026 and shares were credited to successful applicants&#8217; demat accounts on June 10, 2026. Investors can check allotment status on the MUFG Intime India Pvt. Ltd. website.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_UHM_Vacation_IPO_GMP_before_listing\"><\/span><strong>What is the UHM Vacation IPO GMP before listing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The UHM Vacation IPO grey market premium (GMP) peaked at Rs 34 on June 4, 2026 (the day the IPO opened), implying a 20.5% premium over the issue price of Rs 166. However, the GMP has since declined to Rs 0 by June 9-10, indicating that grey market sentiment has turned neutral and the stock may list flat around the issue price of Rs 166. GMP is unofficial and unregulated by SEBI.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_many_times_was_the_UHM_Vacation_IPO_subscribed\"><\/span><strong>How many times was the UHM Vacation IPO subscribed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The UHM Vacation IPO was subscribed 2.36 times overall. The retail quota was 49% of the issue and NII was 49%. The IPO received a modest but adequate response, sufficient to proceed with listing but not indicating the kind of oversubscription seen in high-demand IPOs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_UHM_Vacations_business\"><\/span><strong>What is UHM Vacation&#8217;s business?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> UHM Vacation Limited, incorporated in 2009, is a B2B travel and tourism aggregator. The company provides a single technology-driven platform for travel agencies, corporate travel managers, and independent travel agents to search, compare, and book airline tickets, hotel accommodations, cruises, car rentals, visa assistance, and holiday packages. It has an asset-light business model with presence in the GCC (Gulf Cooperation Council) market.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_UHM_Vacations_financial_highlights\"><\/span><strong>What are UHM Vacation&#8217;s financial highlights?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> UHM Vacation reported revenue of Rs 40.20 crore in FY25 versus Rs 30.66 crore in FY24 (up 31.1%). Profit after tax grew 36.2% from Rs 5.27 crore in FY24 to Rs 7.18 crore in FY25. The IPO issue size was Rs 36.02 crore (fresh issue Rs 29.04 crore + OFS Rs 6.97 crore).<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When does UHM Vacation IPO list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"UHM Vacation IPO is scheduled to list on BSE SME on June 11, 2026. Allotment was finalised on June 9, 2026 and shares were credited to successful applicants' demat accounts on June 10, 2026. Investors can check allotment status on the MUFG Intime India Pvt. Ltd. website.\"}},{\"@type\":\"Question\",\"name\":\"What is the UHM Vacation IPO GMP before listing?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The UHM Vacation IPO grey market premium (GMP) peaked at Rs 34 on June 4, 2026 (the day the IPO opened), implying a 20.5% premium over the issue price of Rs 166. However, the GMP has since declined to Rs 0 by June 9-10, indicating that grey market sentiment has turned neutral and the stock may list flat around the issue price of Rs 166. GMP is unofficial and unregulated by SEBI.\"}},{\"@type\":\"Question\",\"name\":\"How many times was the UHM Vacation IPO subscribed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The UHM Vacation IPO was subscribed 2.36 times overall. The retail quota was 49% of the issue and NII was 49%. The IPO received a modest but adequate response, sufficient to proceed with listing but not indicating the kind of oversubscription seen in high-demand IPOs.\"}},{\"@type\":\"Question\",\"name\":\"What is UHM Vacation's business?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"UHM Vacation Limited, incorporated in 2009, is a B2B travel and tourism aggregator. The company provides a single technology-driven platform for travel agencies, corporate travel managers, and independent travel agents to search, compare, and book airline tickets, hotel accommodations, cruises, car rentals, visa assistance, and holiday packages. It has an asset-light business model with presence in the GCC (Gulf Cooperation Council) market.\"}},{\"@type\":\"Question\",\"name\":\"What are UHM Vacation's financial highlights?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"UHM Vacation reported revenue of Rs 40.20 crore in FY25 versus Rs 30.66 crore in FY24 (up 31.1%). 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What allottees should expect on listing day.<\/p>\n","protected":false},"author":34,"featured_media":111819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4106],"class_list":["post-111807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo-listing-preview"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1781063977:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["81"],"rank_math_focus_keyword":["UHM Vacation IPO"],"rank_math_title":["UHM Vacation IPO Listing Preview: GMP Flat, What to Expect"],"rank_math_description":["UHM Vacation IPO lists on BSE SME tomorrow. GMP fell to Rs 0 from peak Rs 34. Subscribed 2.36 times. Issue price Rs 166. Travel aggregator. 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