UHM Vacation IPO Opens Today on 4 June 2026: Price Band Rs 157 to Rs 166, Lot Size, GMP and Key Details

UHM Vacation IPO opened for subscription today on 4 June 2026 on the BSE SME platform, with the bidding window running until 8 June 2026. The price band has been fixed at Rs 157 to Rs 166 per equity share, with a minimum lot size of 800 shares. Retail investors are required to apply for a minimum of 2 lots comprising 1,600 shares, amounting to an investment of Rs 2,65,600 at the upper end of the UHM Vacation IPO price band. Allotment is expected on 9 June 2026 and shares will be credited to demat accounts on 10 June, with a tentative listing on BSE SME on 11 June 2026.

The issue aims to raise Rs 36.02 crore through a combination of a fresh issue of Rs 29.04 crore and an offer for sale of up to 4,20,000 equity shares of face value Rs 10 each. The grey market premium (GMP) currently stands at Rs 0, indicating flat grey market sentiment on the opening day of subscription. It is Day 1 of the UHM Vacation IPO subscription, and historical patterns suggest that meaningful institutional demand is typically visible only by Day 3 of bidding.

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UHM Vacation IPO Key Details at a Glance

The UHM Vacation IPO is structured as a book-built issue on the BSE SME platform. Here are all the key details investors need to track before the UHM Vacation IPO subscription window closes on 8 June 2026.

Detail	Value
IPO Open Date	4 June 2026
IPO Close Date	8 June 2026
Price Band	Rs 157 to Rs 166 per share
Issue Size	Rs 36.02 Crore
Fresh Issue	Rs 29.04 Crore
Offer for Sale	4,20,000 equity shares
Lot Size	800 shares (min 2 lots = 1,600 shares for retail)
Minimum Investment (Retail)	Rs 2,65,600
Allotment Date	9 June 2026
Listing Date	11 June 2026 (tentative)
Exchange	BSE SME
Registrar	MUFG Intime India Pvt Ltd
GMP Today	Rs 0 (grey market not yet active)

About UHM Vacation Limited: What Does the Company Do?

The company behind this IPO is a B2B travel and tourism aggregator that was incorporated in 2009 and is headquartered in Mumbai. The company operates a unified technology-driven platform through which it offers airline tickets, hotel accommodations, cruises, car rentals, visa assistance, transfers, tours, and holiday packages. UHM Vacation serves travel agencies, corporate travel managers, and independent travel agents, enabling them to search, compare, and book travel services through a single integrated interface.

The company has established its presence across India and Gulf Cooperation Council (GCC) countries through a network of registered agents. This listing reflects the company’s positioning in the B2B travel technology segment, which is benefiting from the sustained growth in India’s outbound travel market. As of March 31, 2026, UHM Vacation had 20 employees on its payroll and operates an asset-light, technology-enabled business model with near-zero debt on its balance sheet.

UHM Vacation IPO Financials: Revenue and Profit Growth

The financials show a consistent growth trajectory. Revenue grew from Rs 20.49 crore in FY23 to Rs 40.20 crore in FY25, a near-doubling over two financial years. Profit after tax scaled from near-nil levels in FY23 to Rs 7.18 crore in FY25, compared to Rs 5.27 crore in FY24. The IPO is being offered at a time when the company’s profitability is improving on the back of volume growth in its B2B travel technology platform.

Metric	FY25	FY24	FY23
Revenue (Rs Cr)	40.20	30.66	20.49
Profit After Tax (Rs Cr)	7.18	5.27	Near-nil
Business Model	B2B Travel Aggregator	B2B Travel Aggregator	B2B Travel Aggregator
Debt	Near-zero	Near-zero	Near-zero

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UHM Vacation IPO GMP Today: Grey Market Sentiment on 4 June 2026

The GMP today stands at Rs 0, meaning the stock is not yet actively trading in the grey market. It is common for SME IPOs to have a flat or absent GMP on the first day of subscription, as grey market activity typically picks up after Day 2 once subscription momentum becomes clearer. Investors should monitor grey market updates closer to the 8 June closing date, when institutional and HNI demand data will be more meaningful. GMP is an unofficial, unregulated indicator and should not be the sole basis for any investment decision.

UHM Vacation IPO: Strengths and Risk Factors

Key Strengths of UHM Vacation IPO

This IPO is supported by an asset-light, debt-free B2B travel technology business model that scales without proportional cost increases. The company’s presence in both India and GCC countries through a network of registered agents provides geographic diversification. Consistent revenue growth from Rs 20.49 crore in FY23 to Rs 40.20 crore in FY25 demonstrates demand traction for the platform. The IPO timing coincides with sustained growth in India’s outbound travel market and increasing corporate travel volumes post-pandemic.

Key Risks of UHM Vacation IPO

UHM Vacation IPO carries the standard risks associated with SME platform listings, including lower post-listing trading liquidity compared to mainboard companies. The company derives a significant portion of revenue from its top customers, creating customer concentration risk. The travel industry remains exposed to geopolitical disruptions, fuel price changes, and regulatory changes across the GCC markets. SME IPO investors should read the Red Herring Prospectus (RHP) carefully and assess all risk factors before applying.

How to Apply for UHM Vacation IPO

Investors can apply through ASBA (Application Supported by Blocked Amount) via their bank’s net banking portal or through the UPI route via their stockbroker application. The subscription window is open from 4 June 2026 to 8 June 2026, with the cut-off time for UPI mandate confirmation at 5:00 PM on 8 June 2026. Retail investors must apply for a minimum of 2 lots (1,600 shares) at the UHM Vacation IPO price band upper end of Rs 166, amounting to Rs 2,65,600. HNI investors applying above 2 lots must apply in the NII category, which has different allotment rules.

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Conclusion

UHM Vacation IPO opened for subscription on 4 June 2026 on BSE SME, with a price band of Rs 157 to Rs 166 and an issue size of Rs 36.02 crore. The offering is backed by a profitable, debt-free B2B travel technology business that has doubled revenue over two years. With GMP currently at Rs 0, early grey market sentiment is flat, but investors should track subscription trends over the next three days before drawing conclusions. The listing is tentatively scheduled for 11 June 2026 on BSE SME.

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

What is the UHM Vacation IPO price band?

Ans. The UHM Vacation IPO price band is fixed at Rs 157 to Rs 166 per equity share. The minimum lot size is 800 shares. Retail investors must apply for a minimum of 2 lots (1,600 shares), requiring Rs 2,65,600 at the upper price band of Rs 166.

When does the UHM Vacation IPO open and close?

Ans. The UHM Vacation IPO opened for subscription on 4 June 2026 and will close on 8 June 2026. Allotment is expected on 9 June 2026. Shares will be credited to demat accounts on 10 June 2026, with a tentative listing on the BSE SME platform on 11 June 2026.

What is the UHM Vacation IPO GMP today?

Ans. The GMP today is Rs 0, indicating flat grey market sentiment on Day 1 of subscription. Grey market activity for UHM Vacation IPO is expected to develop over the coming days as subscription data becomes available. GMP is an unofficial indicator and not a guarantee of listing gains.

What does UHM Vacation Limited do?

Ans. UHM Vacation Limited is a B2B travel and tourism aggregator incorporated in 2009 in Mumbai. The company offers airline tickets, hotel bookings, cruises, visa services, transfers, and holiday packages through a unified technology platform serving travel agencies, corporate travel managers, and independent agents across India and GCC countries.

What is the issue size of UHM Vacation IPO?

Ans. The issue size is Rs 36.02 crore, comprising a fresh issue of Rs 29.04 crore and an offer for sale of up to 4,20,000 equity shares of face value Rs 10 each. The retail investor quota is 49% and HNI quota is 49%, with QIB allocation at 0.2%.

What is the UHM Vacation IPO listing date?

Ans. The listing date is tentatively fixed as 11 June 2026 on the BSE SME platform, subject to completion of allotment and regulatory approvals. The allotment for UHM Vacation IPO is expected on 9 June 2026.

How to apply for UHM Vacation IPO?

Ans. Investors can apply through ASBA via their bank’s net banking portal or through the UPI route via their stockbroker app. The UPI mandate confirmation deadline is 5:00 PM on 8 June 2026. Retail investors must apply for a minimum of 2 lots at Rs 166 upper price band. This article does not constitute investment advice.

What are the financials of UHM Vacation Limited?

Ans. UHM Vacation Limited reported revenue of Rs 40.20 crore in FY25, up from Rs 30.66 crore in FY24 and Rs 20.49 crore in FY23. Profit after tax was Rs 7.18 crore in FY25 against Rs 5.27 crore in FY24. The company operates with near-zero debt and an asset-light B2B travel technology business model.