Key facts
- UHM Vacation's IPO raised Rs 36.02 crore.
- The IPO was subscribed 2.36 times, with retail investors subscribing 3.86 times.
- The company's shares are set to list on the BSE SME platform on June 11.
- The grey market premium (GMP) is 0%, indicating a listing near the issue price of Rs 166.
- Proceeds will be used for capital expenditure, marketing, and working capital.
UHM Vacation, a B2B travel and tourism aggregator, is scheduled to list on the BSE SME platform on Thursday, June 11. The company raised Rs 36.02 crore through its Initial Public Offering (IPO), which comprised a fresh issue of Rs 29.04 crore and an offer-for-sale of Rs 6.97 crore. The IPO was open for subscription from June 4 to June 8 and saw an overall subscription of 2.36 times, with retail investors showing the strongest demand at 3.86 times. The non-institutional investor (NII) portion was subscribed 0.86 times, and the QIB portion was subscribed once. Ahead of its debut, the stock is trading with a grey market premium (GMP) of 0%, suggesting it may list around its issue price of Rs 166 per share. This lack of premium indicates cautious investor sentiment. UHM Vacation operates across India and GCC countries, providing airline tickets, hotel bookings, cruises, and other travel services via a technology platform connecting suppliers and agents. For the period ended February 2026, the company reported revenue of Rs 45.29 crore and a profit after tax of Rs 8.05 crore. The IPO proceeds are intended for capital expenditure, marketing, working capital, and general corporate purposes. Investors will be watching the company's financial performance and its asset-light, technology-driven model post-listing.