Updated on 9.12.2025 @ 5:36 PM
Helloji Holidays Limited is set to launch its Initial Public Offering (IPO) on the BSE SME platform. It is a provider of customised travel and tourism services. Investors can track all similar offers on our IPO Hub page.
The subscription for this public issue will open on December 2, 2025, and close on December 4, 2025. Those evaluating SME listings may also find our GMP Status page helpful, along with the IPO Allotment Status checker for post-issue updates.
The company aims to raise up to ₹10.96 crores through a 100% fresh issue of shares.
The price band has been fixed at ₹110 to ₹118 per share, with a minimum lot size of 1,200 shares.
Helloji Holidays has demonstrated robust financial growth and operational efficiency, but investors must be mindful of its small size and concentration risks.
In this article, you will find Helloji Holidays IPO GMP today, subscription status, allotment date, price band, and a detailed, unbiased review to help you make an informed decision.
Briefs Helloji Holidays IPO Details
- Price Band: ₹110 to ₹118 per share
- IPO Open / Close Dates: December 2, 2025 – December 4, 2025
- Lot Size: 1,200 Shares
- Issue Size: 9,28,800 shares (aggregating up to ₹10.96 Crores)
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: Maashitla Securities Pvt.Ltd.
- Listing Exchange: BSE SME
Helloji Holidays IPO GMP Today
You can find the GMP of this issue and other issues at our dedicated GMP page.
Listing Updates:
| Type | Issue Price | Open | Gain/loss |
| Lisiting | 118 | 118 | 0.0 |
Helloji Holidays IPO Dates & Allotment Schedule
- IPO Open & Close Date: December 2, 2025 – December 4, 2025
- Basis of Allotment Date: December 5, 2025
- Refund Initiation Date: December 8, 2025
- Credit of Shares: December 8, 2025
- Listing Date: December 9, 2025
What Are The Objectives of Helloji Holidays IPO?
The company intends to utilise the net proceeds from the public offering for its operational needs and technological upgrades:
- Working Capital Requirement (₹5.04 Crores): A significant portion is allocated to meet the increasing demand for advance payments to airlines and hotels during peak travel seasons.
- Capital Expenditure for Software (₹2.90 Crores): To purchase advanced software for better inventory management and customer service.
- General Corporate Purposes: The balance amount will be used for other strategic requirements.
How is The Financial Performance of Helloji Holidays?
The following table summarizes the company's financial performance based on restated standalone data.
(Amounts in ₹ Crores)
| Particulars | Year Ended 31 Mar 2025 | Year Ended 31 Mar 2024 | Year Ended 31 Mar 2023 |
Total Income | 28.18 | 25.97 | 17.18 |
Profit After Tax (PAT) | 2.10 | 1.80 | 0.20 |
EBITDA | 2.83 | 2.63 | 0.40 |
Net Worth | 6.26 | 2.00 | 0.20 |
Total Borrowing | 0.04 | 0.56 | 0.93 |
Assets | 8.24 | 4.84 | 2.81 |
Key Financial Observations:
Profit After Tax (PAT):
PAT surged dramatically from ₹0.20 Crores in FY23 to ₹2.10 Crores in FY25, reflecting robust financial performance due to increased revenue from high travel demand and effective cost optimization strategies.
Total Income:
The company experienced high growth in Revenue from Operations, increasing to ₹28.18 Crores in FY25, primarily driven by high demand in the travel and tourism sector and increased sales of services, especially air ticketing.
EBITDA:
EBITDA has shown substantial improvement, rising dramatically to ₹2.83 Crores (10.07% margin) in FY25, indicating significant growth in operational efficiency and better cost management.
Total Borrowings:
Total Borrowings were minimal as of March 31, 2025, standing at just ₹0.04 Crores, resulting in an exceptionally low Debt-Equity Ratio of 0.01 times, which reflects strong financial health and low leverage.
Assets:
Total Assets increased significantly to ₹8.24 Crores in FY25, driven largely by a major increase in Current Assets, especially Cash and Bank Balances, to support working capital needs.
What is The P/E Ratio & Peer Comparison?
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹8.60, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 13.7x at the upper end of the price band (₹118).
P/E Ratio = ₹118 (Price) / ₹8.60 (Earnings Per Share)
P/E Ratio ≈ 13.7x
This valuation appears quite reasonable when compared to its listed peers in the travel industry.
| Company Name | P/E Ratio | RoNW (%) (FY25) | EPS (₹) |
Helloji Holidays (at IPO price) | ~13.7x | 33.51% | 8.60 |
| LGT Business Connextions Ltd | 8.04x | 41.89% | 7.44 |
| Travels and Rentals Ltd | 13.19x | 11.40% | 3.26 |
| Naturewings Holidays Ltd | 22.74x | 11.84% | 3.96 |
Analysis for Investors:
The comparison shows that Helloji Holidays is priced competitively relative to its peers. Investors evaluating long-term wealth creation may also explore our SIP Calculator to understand potential returns from systematic investment plans.
Its P/E ratio of ~13.7x is lower than the industry average of around 14.7x. More importantly, its Return on Net Worth (RoNW) of 33.51% is significantly higher than most peers, indicating superior profitability and efficient use of capital. For those planning financial independence, our Retirement Calculator can help estimate future corpus needs based on expected returns.
This combination of fair valuation and high efficiency makes it an attractive proposition.
Industry Outlook
- Helloji Holidays operates in the dynamic Indian travel and tourism industry, which is witnessing a post-pandemic boom.
- The company offers a wide range of services, from flight and hotel bookings to customized holiday packages and MICE events.
- With rising disposable incomes and a growing preference for travel experiences, the demand for organized tour operators is on the rise.
- Helloji's focus on both B2B and B2C segments allows it to capture a broader market share.
What Are The Strengths and Risks of Helloji Holidays IPO?
Strengths:
- Strong Financial Growth: Consistent revenue growth and a sharp increase in profitability over the last three years. Readers who want to build digital income streams can also check our blogging course to make money.
- Low Debt: A virtually debt-free balance sheet provides financial stability and flexibility.
- High Return Ratios: Excellent RoE and ROCE indicate efficient use of capital. For those exploring AI-powered income ideas, our how to make money with ChatGPT guide may be helpful.
- Experienced Management: A seasoned leadership team with deep industry knowledge.
Risks:
- High Customer Concentration: A significant portion of revenue comes from a limited number of clients. The top 10 customers contribute over 41% of revenue, which is a risk.
- Competitive Industry: The travel sector is highly fragmented and competitive, with low barriers to entry.
- Economic Sensitivity: The travel business is highly sensitive to economic downturns, pandemics, and geopolitical events.
- Negative Cash Flows in Past: The company has reported negative cash flow from operations in FY23, although it has turned positive recently.
What Are The Expert Recommendations – Should You Apply?
Subscribe
The Helloji Holidays IPO presents an attractive opportunity to invest in a growing, profitable travel company at a reasonable valuation.
- For Value Investors: The P/E of ~13.7x combined with high return ratios makes this a compelling pick.
- For Growth Investors: The company's rapid profit growth and expansion plans indicate strong future potential.
- Our View: Despite the risks inherent in the travel industry, the company's strong fundamentals, debt-free status, and fair pricing make it a worthy investment. We recommend "Subscribe" for potential listing gains and long-term holding.
Key Takeaways
- IPO Price Band: ₹110 to ₹118 per share
- Lot Size: 1,200 Shares (Note: The minimum application for retail investors is for 2 lots or 2,400 shares, costing ₹2,83,200, which falls into the sHNI category).
- GMP Today: ₹0 (Not trading)
- Allotment & Listing Dates: Tentative listing on December 9, 2025.
- Recommendations of experts: A "Subscribe" recommendation. A financially strong, debt-free company offered at a reasonable valuation compared to its peers.
FAQs on Helloji Holidays IPO
What is Helloji Holidays IPO price band?
The price band for the IPO is set at ₹110 to ₹118 per equity share.
What is Helloji Holidays IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Friday, December 5, 2025.
How to check Helloji Holidays IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized.
What is Helloji Holidays IPO listing date?
The company's shares are tentatively scheduled to be listed on the BSE SME platform on Tuesday, December 9, 2025.
Should I apply for Helloji Holidays IPO?
Yes, this is a recommended IPO. The company has demonstrated strong financial performance, is virtually debt-free, and is offered at a valuation that is attractive compared to its industry peers. However, investors should be aware of the competitive nature of the travel industry.
IPO Disclaimer
This information is for educational purposes only and is not investment advice. IPO investments are subject to market risks. Please review the Red Herring Prospectus (RHP) and consult your financial advisor before investing.
