Helloji Holidays IPO Opens Today; Price Band Set Between ₹110-₹118 

Mumbai, 2 December 2025: Helloji Holidays Ltd.’s ₹10.96 crore book-built SME initial public offering (IPO) opened for subscription today, setting the stage for one of December’s closely watched small-cap listings on the BSE SME platform. The offer, entirely a fresh issue of 9,28,800 shares, will remain open until 4 December 2025, with allotment expected on 5 December and a tentative listing slated for 9 December 2025.

Hel͏loji Holidays Ltd., a travel services provider offering customised domestic and international packages, hotel reservations, flights, cruises, visa assistance and MICE (Meetings, IncentiPges, Conferences and Events), solutions, operates across both B2B and B2C channels. The company generated 56.98% of its revenues from its B2B clients in FY25 and the balance was contributed by retail travellers, accounting for 43.02%.

Headquartered in India’s organised travel services sector, the company plans to utilise ₹5.04 crore of the IPO proceeds for working capital, ₹2.90 crore for software purchases, and the remaining amount for general corporate expenses.

Price Band Of ₹ ͏110-₹ ͏118͏ ͏and 2,400-Shar͏e Minimum Bid Sets High͏ Entry Thresh͏͏old

Helloji Holidays IPO is a book build issue of ₹10.96 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹10.96 crore. Helloji Holidays IPO bidding opened for subscription on December 2, 2025, and will close on Dec 4, 2025. The allotment for the Helloji Holidays IPO is expected to be finalised on December 5, 2025. Helloji Holidays IPO will list on BSE SME with a tentative listing date fixed as December 9, 2025.

Helloji Holidays IPO price band is set at ₹110.00 to ₹118.00 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,83,200.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹4,24,800.

Khambatta Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd.

Anchor Investors Infuse ₹3.12 Cr­ore, Setting Momentum ahead of Subscription Window

Helloji Holidays garnered ₹3.12 crore from anchor investors by allocating 2,64,000 shares on 1 December 2025. This commitment from institutional participants often sets initial sentiment around SME offerings by establishing early interest. The anchor shares have a lock-in till 4 January 2026 for 50% and 5 March 2026 for the rest of the portion.

The total offer comprises 9,28,800 shares, of which 4,80,000 shares are reserved for the market maker. 4,39,200 shares are earmarked for Qualified Institutional Buyers (QIBs), 1,33,200 for Non-Institutional Investors (NIIs), 3,08,400 for retail investors, and 2,64,000 for anchor bidders. Post-issue, the company’s share capital will increase from 25,00,000 to 3,428,800 shares, thereby reducing promoter ownership from 96% to 70%.

Revenue Up 8% and PAT Up 16% in FY25 As Operating Performance Strengthens

The financial performance indicates that the company has posted steady growth in the recent years. Between FY24 and FY25, Helloji Holidays’ revenue grew from ₹2.5.97 crore to ₹28.18 crore, an 8% increase, driven by higher bookings of flights, tours, and ancillary services. During this period, the Profit After Tax increased from ₹1.80 crore to ₹2.10 crore, marking a 16% rise, supported by stronger margins and cost efficiencies.

Total revenue for the three months ended 30 September 2025 was ₹12.74 crore, while profit after tax (PAT) for the corresponding period was ₹0.91 crore. The company’s assets grew from ₹4.84 crore in FY24 to ₹8.24 crore in FY25, reflecting ongoing business scaling. His net worth increased substantially from ₹2.00 crore in FY 24 to ₹6.26 crore in FY25.

Key Performance Metrics Strong Returns, with An ROE of 5 0.78% and Low Leverage.

Significant operating metrics were Return on Equity of 50.78%, and RoE on Capital Employed of 44.38% as of 3͏1 March 2025, indicating efficient use of capital in an expanding travel se͏rvices sector. The Debt-͏to-Equity ratio was 0.0͏1, indicating a near debt-free situation

The profitability indicators are a 7.45% PAT margin and 10.07% EBITDA margin for FY25. The market capitalization of the company is pegged at ₹40.46 crore based on the IPO pricing. Its pre-IPO EPS was ₹8.3 9, which came down to ₹ 6.11 post-issue due to equity dilution, raising the share count to 34,2 8,800 post-offer.

Investors tracking SME-board activity may note the scale, structure, and utilisation plan of Helloji Holidays’ ₹10.96 crore IPO along with its financial performance and capital allocation priorities. The pricing of the offer, lot size, and institutional participation outline key parameters for understanding the company’s public-market entry without implying any investment direction.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.