The IPO market for SMEs still remains an interesting investment opportunity, and one such upcoming IPO that is set to go live on the BSE SME platform is the UHM Vacation IPO. It is involved in the travel and tourism business and plans to raise money by way of an issue of fresh equity and offer for sale.
This article talks about all the aspects related to the UHM Vacation IPO, which includes size of the IPO, price band, GMP, financials, strong points, and potential pitfalls for investors interested in the same.

About UHM Vacation Limited
UHM Vacation Limited is a travel and tourism company operating in Mumbai. It operates on a business-to-business model and offers tourism services for customers. Tourism and travel services are aggregated to enable travel partners and customers to access different tourism services and vacation packages.
The company works in the fast-growing tourism industry. After the pandemic era, there was a massive recovery, and the tourism industry started growing again. This sector has been given new growth opportunities due to increased demand from domestic and international customers.
UHM Vacation IPO Details
| Particulars | Details |
| IPO Name | UHM Vacation IPO |
| Exchange | BSE SME |
| IPO Type | Book Built Issue |
| IPO Open Date | 4 June 2026 |
| IPO Close Date | 8 June 2026 |
| Listing Date | 11 June 2026 |
| Price Band | ₹157 – ₹166 per share |
| Face Value | ₹10 per share |
| Issue Size | ₹36.02 Crore |
| Fresh Issue | ₹29.04 Crore |
| Lot Size | 800 Shares |
| Minimum Investment | ₹2,65,600 |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Merchant Banker | Sobhagya Capital Options Limited |
The company plans to the utilize the proceeds from the IPO GMP for business expansion, working capital requirements, and general corporate purposes.
UHM Vacation IPO GMP Important Dates
Investors should keep the following dates in mind:
- IPO Opens: 4 June 2026
- IPO Closes: 8 June 2026
- Allotment Finalization: 9 June 2026
- Listing Date: 11 June 2026
These dates are important for investors planning to participate in the IPO.
UHM Vacation Financial Performance
According to available reports, UHM Vacation has shown healthy financial growth over recent years.
Financial Highlights
| Particulars | Amount |
| Revenue | ₹43.84 Crore |
| Profit After Tax (PAT) | ₹7.12 Crore |
| Total Assets | ₹41.71 Crore |
The company has demonstrated profitability along with stable revenue growth, which is the considered a positive factor for the investors evaluating BSE SME IPOs.
Industry Overview
The Indian tourism industry is amongst the fastest growing sectors. Increased income levels, enhanced internet usage, digitization of the booking process, and the emerging popularity of the domestic tourism have all fueled this sector.
There have been various steps taken by the government that aim at building the required tourism infrastructure and making India a travel destination across the globe. Hence, the companies involved in the travel aggregation and tourism services business are likely to reap benefits from the growth of this industry.
UHM Vacation functions within this growing industry.
UHM Vacation IPO GMP
Grey Market Premium (GMP) is one of the important measures that investors use to determine the sentiment of the market before listing.
At the time of writing, there has been no substantial Grey Market Premium observed for the UHM Vacation IPO, and the grey market movement continues to remain neutral. It is important to understand that Grey Market Premium is an unofficial measure and is likely to fluctuate sharply before listing.
Strengths of UHM Vacation IPO
1. Growing Tourism Industry
The company operates in an industry that has good prospects for growth due to rising demand for travel.
2. Profitable Business
UHM Vacation has been profitable and experiencing an increase in revenues, thus operating profitably.
3. Capital-light Model
Aggregation services in the travel business usually entail less investment when compared to the conventional hospitality industry.
4. Skilled Management Team
The company has managers who understand the travel and tourism industry well.
5. SME Growth
Many SME companies make significant gains once listed, thus SME listings appeal to risky investors.
Risks of Investing in UHM Vacation IPO
1. SME Listing Risk
Stock prices of SME companies tend to fluctuate significantly after being listed.
2. Competitive Landscape
Travel and tourism industry has stiff competition with many online and offline service providers.
3. Economic Sensitivity
The tourism industry reacts negatively to adverse economic situations.
4. Small Size
UHM Vacation is smaller than most publicly listed firms in the travel industry.
Investors should consider all the above risks while filing their applications.
Peer Comparison
The business has competitors among firms dealing in the travel and tourism industry. Some of the rival companies that can be used in comparative analysis are:
- LGT Business Connextions Limited
- Helloji Holidays Limited
- International Travel House Limited
Investors can analyze revenue growth, profitability, valuation, and ratio of return before investing.
Should You Apply for UHM Vacation IPO?
It seems like UHM Vacation IPO could be an attractive offer by an SME for those who are interested in the tourism and travel industry. The firm has been profitable, works within a growing sector, and is going to use IPO funds for its expansion.
However, one needs to remember that SME IPOs carry more risks than regular mainboard IPOs. Risk-takers and those planning to invest for the long term can consider researching this IPO further.
It is important to analyze the firm's DRHP, financial results, valuation, and industry dynamics prior to any decision.
Conclusion
The UHM Vacation IPO is a BSE SME IPO with a price band of ₹157 to ₹166 for each share, with a total offering size of ₹36.02 crore. The company deals in the tourism and travel industry and has displayed promising financial results.
As the tourism industry experiences favorable growth, there has been much interest from investors to invest in the IPO. It is important to conduct thorough analysis and evaluation when considering an investment in such an IPO.
FAQs
Q1. What is the UHM Vacation IPO price band?
The price band is ₹157 to ₹166 per share.
Q2. What is the UHM Vacation IPO lot size?
The lot size is 800 shares.
Q3. What is the minimum investment required?
The minimum investment is approximately ₹2,65,600.
Q4. When will UHM Vacation IPO open?
The IPO opens on 4 June 2026.
Q5. Where will UHM Vacation IPO be listed?
The shares will be listed on the BSE SME platform.