UHM Vacation IPO GMP Day 2 on 5 June 2026: Rs 34 Grey Market Premium Signals 20.5% Expected Listing Gain on BSE SME

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.

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.

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%.

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.

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UHM Vacation IPO GMP: Key IPO Details on 5 June 2026

Parameter	Details
Company	UHM Vacation Limited
Issue Type	Book-built Issue (Fresh Issue + OFS)
Exchange	BSE SME
Issue Size	Rs 36.02 crore
Price Band / Issue Price	Rs 157 to Rs 166 per share
Face Value	Rs 10 per share
Lot Size	800 shares (minimum 2 lots = 1,600 shares for retail)
Minimum Investment	Rs 2,65,600 (retail, 2 lots at Rs 166)
Open Date	June 4, 2026
Close Date	June 8, 2026
Allotment Date	June 9, 2026
Listing Date	June 11, 2026 (BSE SME)
Issue Structure	Fresh Issue Rs 29.04 Cr + OFS of 4.20 lakh shares
Book Running Lead Manager	To be disclosed per BSE filings
Registrar	BSE SME Registrar
GMP (5 June 2026)	Rs 34 per share
Expected Listing Price	~Rs 200
Expected Listing Gain	~20.5% above issue price

What Is UHM Vacation Limited and What Does It Do?

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.

UHM Vacation IPO GMP: Financial Performance

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.

UHM Vacation IPO GMP: Use of IPO Proceeds

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’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.

UHM Vacation IPO GMP: Promoters and Shareholding

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’s B2B travel technology space. The GCC market presence, which is a key differentiator for UHM Vacation, reflects the promoters’ understanding of the Indian diaspora’s travel patterns and the outbound travel market from India to the Gulf.

Key Risks to the UHM Vacation IPO GMP

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’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.

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Should You Apply for the UHM Vacation IPO GMP?

The decision to apply for the UHM Vacation IPO GMP should be based on a thorough review of the company’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.

Conclusion

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.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Frequently Asked Questions on UHM Vacation IPO GMP

What is the UHM Vacation IPO GMP today on 5 June 2026?

Ans. 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.

What is the UHM Vacation IPO price band, lot size and minimum investment?

Ans. 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.

What does UHM Vacation do and what is its business model?

Ans. 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.

What are the key financial highlights of UHM Vacation before the IPO?

Ans. 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).

Should I apply for the UHM Vacation IPO given the current GMP?

Ans. 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.