Helloji Holidays IPO is a book-built issue with a total size of ₹10.96 crore. The entire issue consists of a fresh issue of 0.09 crore shares of ₹10.96 crore, aiming to raise funds for the company’s business needs. The IPO opens for subscription on December 2, 2025, and will close on December 4, 2025.
The basis of allotment is expected to be finalised on December 5, 2025, and the shares are likely to be listed on BSE SME on December 9, 2025. The price band for the issue is set between ₹110 and ₹118 per share, offering investors an entry at different levels.
The minimum application size is 1,200 shares, making the minimum investment for retail investors ₹2,83,200 at the upper band. For HNI investors, the minimum lot size is 3 lots, equivalent to 3,600 shares, amounting to ₹4,24,800.
Khambatta Securities Limited is acting as the book running lead manager, while Maashitla Securities Private Limited has been appointed as the registrar to the issue. Prabhat Financial Services Limited is serving as the market maker for this IPO.
Helloji Holidays IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be utilised to meet the working capital requirements of the Company.
- A portion of the proceeds will be deployed towards capital expenditure for the purchase of software.
- The remaining funds will be used for general corporate purposes.
About Helloji Holidays Limited
Helloji Holidays was originally incorporated as a private limited company under the Companies Act, 1956, on 24 January 2012, pursuant to a Certificate of Incorporation issued by the Registrar of Companies, Chandigarh.
It was later converted into a public limited company following a special resolution passed by its shareholders on 20 September 2024. As a result of this conversion, the name of the company was changed to Helloji Holidays Limited, and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Chandigarh, Central Processing Centre, on 30 October 2024.
The company offers customised holiday packages for leisure travellers and provides end-to-end travel solutions, including domestic and international flight bookings, hotel and resort reservations, cruises, luxury car rentals, sightseeing, and destination management services.
Its services cater to individual travellers as well as groups, including corporate clients. The company also provides value-added services such as travel insurance, passport assistance, and visa assistance. Its objective is to provide tailored travel solutions aligned with customer requirements.
The company continues to expand and update its service portfolio, which currently includes:
- Air Ticketing: Domestic and international flight bookings
- Packaged Tours: Inbound and outbound customised tours
- Hotel Reservation: Worldwide hotel reservations and packages
- Ancillary Services: Cab booking, visa assistance, passport assistance, and travel insurance
- MICE (Meetings, Incentives, Conferences, and Events): Corporate travel and event management
Helloji Holidays Limited operates across the leisure holiday value chain through both B2B (corporate clients, agents, and institutional clients) and B2C (retail travellers) channels.
A significant portion of its revenue is derived from the corporate segment. Its network and knowledge of destinations enable it to aggregate demand from various regions in India and offer cost-effective travel solutions across multiple destinations.
Industry Outlook
- The sector is projected to exceed USD 11 trillion by CY 2025 as per WTTC estimates, supported by improving global mobility and stronger traveller confidence.
- The industry contributed 10 per cent to global GDP in CY 2024. This includes direct spending on travel-related services and indirect impact through sectors such as retail, construction, and food services.
- Steady growth is expected, driven by increasing interest in sustainable, cultural, wellness, adventure, and eco-friendly tourism.
- WTTC expects the tourism sector’s GDP contribution to rise further as responsible tourism practices gain prominence.
- Arrivals were only marginally below the pre-pandemic level of 1,466 million recorded in CY 2019, signalling near-full normalisation.
How To Apply for the Helloji Holidays IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Helloji Holidays IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Helloji Holidays IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Helloji Holidays Limited
Registered office: WA-89, Third Floor Shakarpur, Delhi, New Delhi, 110092.
Phone:+91 9958083332
Email: compliance@helloji.com
Website: http://www.helloji.com/
Helloji Holidays IPO Reservation
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 48,000 (5.17%) |
| QIB Shares Offered | 4,39,200 (47.29%) |
| − Anchor Investor Shares Offered | 2,64,000 (28.42%) |
| − QIB (Ex. Anchor) Shares Offered | 1,75,200 (18.86%) |
| NII (HNI) Shares Offered | 1,33,200 (14.34%) |
| − bNII > ₹10L | 88,800 (9.56%) |
| − sNII < ₹10L | 44,400 (4.78%) |
| Retail Shares Offered | 3,08,400 (33.20%) |
| Total Shares Offered | 9,28,800 (100.00%) |
Helloji Holidays IPO Lot Size Details
| Application | Lots | Shares | Amount |
| 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 |
Helloji Holidays IPO Promoter Holding
The promoters of the company include Mr. Hitesh Kumar Singla, Mr. Nikhil Singla, Mr. Nitin Dixit, and Mr. Anil Kumar Sharma.
| Share Holding Pre-Issue | 96% |
| Share Holding Post Issue | 70% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Helloji Holidays IPO Anchor Investors Details
| Bid Date | December 1, 25 |
| Shares Offered | 264,000 |
| Anchor Portion Size (In Cr.) | 3.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 4, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 5, 2026 |
Key Performance Indicators for Helloji Holidays IPO
| KPI | Values |
| 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 |
Helloji Holidays IPO Registrar and Lead Managers
Helloji Holidays IPO Lead Managers
- Khambatta Securities Limited
Registrar for Helloji Holidays IPO
Maashitla Securities Private Limited
- Contact Number: +91-44-28460390
- Email: investor.ipo@maashitla.com
- Website: https://maashitla.com/allotment-status/public-issues
Financial Performance of Helloji Holidays Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Revenue from Operations (in ₹ lakh) | 2,812.36 | 2,596.77 | 1,717.92 |
| Total Income (in ₹ lakh) | 2,817.95 | 2,597.24 | 1,717.92 |
| EBITDA (in ₹ lakh) | 283.24 | 263.15 | 40.11 |
| EBITDA Margin (%) | 10.07 | 10.13 | 2.34 |
| Profit After Tax (in ₹ lakh) | 209.64 | 180.49 | 19.55 |
| PAT Margin (%) | 7.45 | 6.95 | 1.14 |
| Operating Cash Flow (in ₹ lakh) | 248.4 | 46.14 | -21.67 |
Helloji Holidays Limited Peer Comparison
| Company Name | Revenue FY 2024–25 (₹ lakh) | EBITDA Margin (%) | ROCE (%) | PAT FY 2024–25 (₹ lakh) |
| Helloji Holidays Private Limited | 1,268.71 | 9.16 | 16.13 | 90.72 |
| LGT Business Connextions Limited | 7,057.02 | 7.41 | 10.80 | 369.55 |
| Travels and Rentals Limited | 465.31 | 67.03 | 6.33 | 155.95 |
| Naturewings Holidays Limited | 1,773.69 | 9.64 | 16.60 | 124.42 |
Strengths and Opportunities of Helloji Holidays Limited
- Established operational base with over a decade of continuous operations, contributing to credibility in the Indian travel management sector.
- Long-standing relationships with corporate clients, supporting stability in recurring business.
- B2B-dominant revenue mix with significant contributions from corporate clients, B2B agents and MICE services, reducing dependence on discretionary B2C travel demand.
- Comprehensive suite of travel solutions including flights, hotels, car rentals, cruises, visa facilitation, travel insurance and MICE services, enabling integrated service delivery.
- Dedicated account management structure and 24/7 service support, ensuring continuity and responsiveness for enterprise clients.
- Strong supplier network through long-term alliances with airlines, hotel chains, cruise operators and logistics partners, facilitating competitive pricing and customised bundling.
- Capability to design customised travel programmes aligned with client compliance frameworks, budget constraints and cultural requirements.
- Customisation-led service approach that helps strengthen client retention and contributes to higher switching costs.
Risks and Threats of Helloji Holidays Limited
- Low B2C brand visibility, which restricts the company’s ability to attract individual travellers.
- Limited cross-selling opportunities due to the company’s modest presence in direct retail travel segments.
- Digital maturity gap relative to online travel agency peers, with the current platform offering fewer automation features.
- Absence of advanced technologies such as AI-based personalisation and dynamic pricing, which may reduce competitiveness.
- Geographic concentration risk driven by limited publicly verifiable operational depth in Tier 2 and Tier 3 locations.
- Potential challenges in acquiring corporate clients outside major metropolitan centres due to uneven regional presence.
- High reliance on manual, human-led processes within core operations, which may reduce efficiency.
- Scalability constraints unless the company undertakes digitisation initiatives and transitions key functions to SaaS-based systems.
