Helloji Holidays Ltd. is raising up to ₹10.96 crore via a book-built fresh issue of 9,28,800 equity shares. The issue opens on Dec 2, 2025 and closes on Dec 4, 2025. Tentative allotment is Dec 5, 2025, refunds & demat credit on Dec 8, 2025 and tentative listing on Dec 9, 2025 on BSE SME. Price band: ₹110–₹118 per share. Minimum retail application: 2 lots (2,400 shares) at upper band = ₹2,83,200.
Helloji Holidays Ltd. IPO
BSE SME — Book-built Fresh Issue (Travel & Tourism)
UPCOMING / LIVEHelloji Holidays Ltd. is raising up to ₹10.96 crore via a book-built fresh issue of 9,28,800 equity shares. The issue opens on Dec 2, 2025 and closes on Dec 4, 2025. Tentative allotment is Dec 5, 2025, refunds & demat credit on Dec 8, 2025 and tentative listing on Dec 9, 2025 on BSE SME. Price band: ₹110–₹118 per share. Minimum retail application: 2 lots (2,400 shares) at upper band = ₹2,83,200.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹110 to ₹118 per share |
| Lot Size | 1,200 shares |
| Total Issue Size | 9,28,800 shares (aggregating up to ₹10.96 Cr) |
| Reserved for Market Maker | 48,000 shares (₹0.5664 Cr) — Prabhat Financial Services Ltd. |
| Net Offered to Public | 8,80,800 shares (₹10.39 Cr) |
| Issue Type | Book-building IPO (Fresh) |
| Listing | BSE SME |
| Pre / Post Issue Shares | 25,00,000 / 34,28,800 |
| BRLM / Registrar | Khambatta Securities Ltd. / Maashitla Securities Pvt. Ltd. |
| Investor Category | Shares Offered |
|---|---|
| Market Maker | 48,000 (5.17%) |
| QIB | 4,39,200 (47.29%) |
| NII (HNI) | 1,33,200 (14.34%) |
| Retail (RII) | 3,08,400 (33.20%) |
| Anchor Allocation | 2,64,000 shares (₹3.12 Cr) — Anchor bid date: Dec 1, 2025 |
| IPO Open | Tue, Dec 2, 2025 |
|---|---|
| IPO Close | Thu, Dec 4, 2025 |
| Tentative Allotment | Fri, Dec 5, 2025 |
| Initiation of Refunds | Mon, Dec 8, 2025 |
| Credit of Shares to Demat | Mon, Dec 8, 2025 |
| Tentative Listing | Tue, Dec 9, 2025 |
| UPI Mandate Cut-off | 5 PM on Thu, Dec 4, 2025 |
| Application | Lots | Shares | Amount (₹ at ₹118) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,83,200 |
| Retail (Max) | 2 | 2,400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3,600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9,600 | ₹11,32,800 |
Retail minimum uses upper price ₹118 to show investment required. If bidding at lower band, amounts will be proportionally lower.
Helloji Holidays offers customised holiday packages and end-to-end travel solutions for leisure and corporate travellers — domestic & international flights, hotels, cruises, luxury cars, sightseeing, travel insurance, passport & visa assistance, and MICE services. It operates across B2B (corporate/agents) and B2C channels (retail travellers). In FY2025 ~56.98% revenue from B2B and ~43.02% from B2C.
Strengths: One-stop travel solutions, distribution model spanning corporate & leisure, strong customer retention and experienced management team.
Selected financials (₹ Crore)
| Period Ended | Assets | Total Income | PAT | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2025 | 8.82 | 14.44 | 0.91 | 1.16 | 7.16 | -2.32 |
| 31 Mar 2025 | 8.24 | 28.18 | 2.10 | 2.83 | 6.26 | -4.80 |
| 31 Mar 2024 | 4.84 | 25.97 | 1.80 | 2.63 | 2.00 | -0.18 |
KPI (as of Mar 31, 2025): ROE 50.78% | ROCE 44.38% | Debt/Equity 0.01 | PAT Margin 7.45% | EBITDA Margin 10.07% | P/B 4.71 | Market Cap ~₹40.46 Cr.
| 1 | Working capital requirements — ₹5.04 Cr |
|---|---|
| 2 | Capital expenditure towards purchase of software — ₹2.90 Cr |
| 3 | General corporate purposes |
[Dilip Davda] Helloji Holidays operates in travel & tourism. Financials show moderate growth but margins/outperformance raise questions on sustainability. Issue appears aggressively priced relative to equity base. Small post-IPO equity may indicate longer gestation. Risk-aware investors may prefer to skip; well-informed/cash-surplus investors may consider for medium term.
Company Contact
- Helloji Holidays Ltd., WA-89, Third Floor Shakarpur, Delhi, New Delhi, 110092
- Phone: +91 99580 83332 | Email: compliance@helloji.com
- Website: http://www.helloji.com/
Registrar
- Maashitla Securities Pvt. Ltd. — Phone: +91-11-45121795-96 | Email: investor.ipo@maashitla.com