UHM Vacation IPO
Miscellaneous • ₹36.02 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹166
Lot Size
800 shares
Issue Size
₹36.02 Cr
Open
04 Jun 2026
Close
08 Jun 2026
Subscription
2.10×
IPO Schedule
| Issue Open Date | 04 Jun 2026 |
| Issue Close Date | 08 Jun 2026 |
| Listing Date | 10 Jun 2026 |
About UHM Vacation
UHM Vacation Limited is engaged in the business of travel and tourism aggregation services, primarily catering to the business-to-business (B2B) segment. The company sources and aggregates travel services from airlines, hotels, cruise operators, car rental providers, visa facilitators, and other travel service providers and offers them through a single platform to travel agencies, corporate travel managers, and independent travel agents. Its service portfolio includes domestic and international air ticket bookings, accommodation bookings, holiday packages, tours and activities, transfer management, car rentals, visa assistance, and cruise bookings. UHM Vacation operates through a technology platform that enables users to search, compare, and book multiple travel services through an integrated interface while allowing service providers to manage pricing and availability. The company follows an asset-light aggregation model and connects travel buyers with a network of travel service providers through its platform.
Company Details
Founders / Promoters
Mr Izhar Ahmad
Founded
2009
Registrar
MUFG Intime India Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
UHM Vacation — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.0x and elevated disclosed risk (8/10), UHM Vacation listed at a discount of 20.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company operates a travel and tourism aggregation platform that combines multiple services, including air ticketing, accommodation bookings, visa assistance, cruise bookings, holiday packages, tou
- The company claims to provide access to a network of global and regional travel service providers across different categories, including airlines, hotels, cruise operators, and transportation provider
- The company has established a presence across several Gulf Cooperation Council (GCC) markets, including the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain. These markets are amon
- The company claims to operate a technology-driven platform that provides real-time availability, instant booking confirmations, and integrated booking management. The platform is designed for travel a
- The company follows an asset-light aggregation model and claims that its technology infrastructure allows it to add new suppliers, services, and partners without significant operational expansion. Thi
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
Actual listing outcome → score −1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹166
Listing Price
₹132.8
Listing Gain/Loss
-20.00%
Listing Date
10 Jun 2026
Price Since Listing
Returns are measured against the ₹166 issue price.
Listing
₹132.8
-20.0%
1 Week
₹113.95
-31.4%
1 Month
₹42.68
-74.3%
Current
₹33.98
-79.5%
Want to buy this stock?
Trade UHM Vacation on the secondary market
FAQ
What is the price band of UHM Vacation IPO?
The price band is ₹166 per share with a lot size of 800 shares. Minimum investment: ₹1,32,800.
What does UHM Vacation do?
UHM Vacation Limited is engaged in the business of travel and tourism aggregation services, primarily catering to the business-to-business (B2B) segment. The company sources and aggregates travel services from airlines, hotels, cruise operators, car rental providers, visa facilitators, and other travel service providers and offers them through a single platform to travel agencies, corporate travel managers, and independent travel agents. Its service portfolio includes domestic and international air ticket bookings, accommodation bookings, holiday packages, tours and activities, transfer management, car rentals, visa assistance, and cruise bookings. UHM Vacation operates through a technology platform that enables users to search, compare, and book multiple travel services through an integrated interface while allowing service providers to manage pricing and availability. The company follows an asset-light aggregation model and connects travel buyers with a network of travel service providers through its platform.
Should I apply for UHM Vacation IPO?
UHM Vacation listed at ₹132.8 (-20.0% discount to the ₹166 issue price) after 2.1x subscription. IPOFins Score 2/10: Driven by QIB demand at 1.0x and elevated disclosed risk (8/10), UHM Vacation listed at a discount of 20.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded UHM Vacation?
UHM Vacation was founded by Mr Izhar Ahmad in 2009.