India’s travel and tourism sector has been on a recovery path, supported by rising leisure travel, corporate events, and increasing preference for organized travel service providers. In this environment, Helloji Holidays Limited is launching its IPO on December 2, 2025, giving investors a chance to participate in a growing full-service travel solutions company.
Here is a detailed insight into Helloji Holidays, its IPO, and the key statistics investors should track.
About Helloji Holidays Ltd.
Helloji Holidays Limited is a travel solutions provider that offers customized holiday packages and complete travel services for both leisure and corporate travelers. The company operates across B2B (corporate, agents, institutional clients) and B2C (retail travelers) channels. In FY 2025, around 56.98% of revenue came from the B2B segment and 43.02% from B2C.
Service offerings include:
- Air Ticketing: Domestic and international flight bookings
- Packaged Tours: Inbound and outbound customized holiday packages
- Hotel Reservations: Global hotel and resort bookings
- Ancillary Services: Cab booking, visa assistance, passport assistance, travel insurance
- MICE Services: Meetings, Incentives, Conferences, and Events for corporate clients
Promoters:
- Mr. Hitesh Kumar Singla
- Mr. Nikhil Singla
- Mr. Nitin Dixit
- Mr. Anil Kumar Sharma
The company aims to position itself as a one stop provider for travel and related services, backed by a strong customer retention base and experienced management team.
Helloji Holidays IPO Details
Helloji Holidays IPO is a book-built issue aggregating up to ₹10.96 crore, entirely through a fresh issue of 9,28,800 equity shares.
Important IPO Timeline
| Event | Date |
| IPO Open Date | December 2, 2025 (Tue) |
| IPO Close Date | December 4, 2025 (Thu) |
| Tentative Allotment | December 5, 2025 (Fri) |
| Initiation of Refunds | December 8, 2025 (Mon) |
| Credit of Shares to Demat | December 8, 2025 (Mon) |
| Tentative Listing Date | December 9, 2025 (Tue) |
| Cut off time for UPI mandate confirmation | 5 PM on December 4, 2025 |
Key IPO Details
Here is the table on the Helloji Holidays IPO review:
| Particulars | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹110 to ₹118 per share |
| Lot Size | 1,200 shares (retail minimum application is 2 lots = 2,400 shares) |
| Total Issue Size | 9,28,800 shares (aggregating up to ₹10.96 Cr) |
| Fresh Issue | Entirely fresh issue (₹10.96 Cr) |
| Reserved for Market Maker | 48,000 shares (₹0.5664 Cr) |
| Net Offered to Public | 8,80,800 shares (₹10.39 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Shareholding Pre issue | 25,00,000 shares |
| Shareholding Post issue | 34,28,800 shares |
| Book Running Lead Manager | Khambatta Securities Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Market Maker | Prabhat Financial Services Ltd. |
Helloji Holidays IPO Reservation
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 48,000 (5.17%) |
| QIB Shares Offered | 4,39,200 (47.29%) |
| NII (HNI) Shares Offered | 1,33,200 (14.34%) |
| Retail Shares Offered | 3,08,400 (33.20%) |
| Total Shares Offered | 9,28,800 (100.00%) |
Lot Size of Helloji Holidays IPO
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereafter.
| Application | Lots | Shares | Amount (at ₹118) |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,83,200 |
| Individual investors (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 |
Promoter Holding:
| Pre Issue | Post Issue | |
| Promoter Holding | 96% | 70% |
Helloji Holidays Ltd. Financials
Helloji Holidays Ltd.’s revenue increased by 8% and Profit After Tax (PAT) rose by 16% between FY 2024 and FY 2025.
Key Company Financials (₹ in crore)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 8.82 | 8.24 | 4.84 | 2.81 |
| Total Income | 12.74 | 28.18 | 25.97 | 17.18 |
| Profit After Tax | 0.91 | 2.10 | 1.80 | 0.20 |
| EBITDA | 1.16 | 2.83 | 2.63 | 0.40 |
| NET Worth | 7.16 | 6.26 | 2.00 | 0.20 |
| Reserves and Surplus | 4.66 | 3.76 | 1.84 | 0.04 |
| Total Borrowing | -2.32 | -4.80 | -0.18 | 0.25 |
Key Performance Indicator (KPI)
| KPI | Value |
| ROE | 50.78% |
| ROCE | 44.38% |
| Debt/Equity | 0.01 |
| RoNW | 33.51% |
| PAT Margin | 7.45% |
| EBITDA Margin | 10.07% |
| Price to Book Value | 4.71 |
| Market Capitalisation | ₹40.46 Cr |
EPS and P/E (Pre and Post IPO)
| Metric | Pre IPO | Post IPO |
| EPS (₹) | 8.39 | 6.11 |
| P/E (x) | 14.07 | 19.3 |
Objects of the Issue
The Company proposes to utilise the net proceeds from the Helloji Holidays IPO towards the following objects:
| S. No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Working capital requirements | 5.04 |
| 2 | Capital expenditure towards purchase of software | 2.90 |
| 3 | General corporate purposes | Balance |
Helloji Holidays Ltd.: Industry Outlook
- Travel recovery: Post pandemic travel demand has steadily improved with increased leisure travel, destination weddings, and corporate events.
- Preference for packaged solutions: As travelers and corporates seek end to end solutions covering flights, hotels, transfers, and experiences, integrated players like Helloji Holidays stand to benefit.
- Digital adoption: Online bookings and dynamic packaging supported by software investments can improve margins and scalability.
- B2B plus B2C mix: A balanced mix of corporate and retail customers reduces dependence on a single segment and supports revenue stability.
Helloji Holidays IPO: Peer Comparison
Helloji Holidays IPO can be compared with peers like Easy Trip Planners Ltd, Yatra Online Ltd, Thomas Cook India Ltd, IRCTC Ltd, and BLS International Services Ltd. Exploring these companies gives investors a clearer view of Helloji Holidays’ positioning within the travel and tourism services sector and helps them make more informed investment decisions.
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Conclusion
Helloji Holidays Ltd. is positioned as a full-service travel solutions provider with presence across B2B and B2C segments, improving financials, and very low leverage. The IPO proceeds are focused on working capital and technology investments, which are critical for scaling a travel platform business.
However, investors should also consider risks such as cyclicality in travel demand, sensitivity to macro events, and competition from larger online and offline travel players. Those with a higher risk appetite looking for SME exposure in the travel and tourism space may evaluate the Helloji Holidays IPO in line with their investment horizon and diversification needs.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
