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Helloji Holidays Ltd. IPO Review: GMP, Price, Dates & Analysis (2025)

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Helloji Holidays IPO

Helloji Holidays IPO| Helloji Holidays IPO GMP| IPO Review| Apply or Avoid| SME IPO List 2025

Helloji Holidays Ltd. is launching its BSE SME IPO on December 2, 2025, aiming to raise ₹10.96 Crores. While the company boasts rising profits and a low-debt model, the unusual minimum lot size requirement (2 Lots) and flat Grey Market Premium (GMP) demand cautious analysis.

1. Helloji Holidays IPO Details: At a Glance

FeatureDetails
IPO DateDec 2, 2025 to Dec 4, 2025
Listing DateTentatively Dec 9, 2025
Face Value₹10 per share
Price Band₹110 – ₹118 per share
Lot Size1,200 Shares
Min. Retail Investment₹2,83,200 (2 Lots / 2,400 Shares)*
Issue Size₹10.96 Cr (Fresh Issue)
Listing ExchangeBSE SME
Lead ManagerKhambatta Securities Ltd.
RegistrarMaashitla Securities Pvt. Ltd.

⚠️ Critical Note on Minimum Investment: unlike standard SME IPOs where 1 lot (approx ₹1.4L) is the minimum, market data indicates the minimum retail application for Helloji Holidays is 2 Lots (2,400 Shares), pushing the minimum investment to ₹2,83,200. Please verify this on your trading app before bidding.

2. IPO Timeline (Tentative)

  • IPO Opens: Tuesday, December 2, 2025
  • IPO Closes: Thursday, December 4, 2025
  • Allotment Finalization: Friday, December 5, 2025
  • Refunds Initiated: Monday, December 8, 2025
  • Shares Credit to Demat: Monday, December 8, 2025
  • Listing Date: Tuesday, December 9, 2025

3. Financial Health & Valuation

The company has demonstrated consistent growth in both top and bottom lines over the last three fiscal years.

PeriodRevenue (₹ Cr)Net Profit (PAT) (₹ Cr)Net Worth (₹ Cr)
FY2317.180.200.20
FY2425.971.802.00
FY2528.182.106.26

Valuation Check:

  • P/E Ratio (Post-IPO): ~19.3x
  • P/E Ratio (Pre-IPO): ~14.07x
  • Debt/Equity Ratio: 0.01 (Virtually Debt-Free)

Analysis: The company is asking for a P/E of around 19x, which is reasonable compared to industry peers. The jump in profit from FY23 to FY24 is significant (9x growth), which warrants a closer look at sustainability.

4. Helloji Holidays IPO Review: Apply or Avoid?

✅ The Positives (Pros):

  • Financial Growth: Revenue and profit have shown a steady upward trajectory.
  • Asset Light: Operating in the travel sector with a low-debt model reduces financial risk.
  • Small Issue Size: At just ₹10.96 Cr, the low supply of shares could technically lead to higher demand if sentiment improves.

❌ The Negatives (Cons):

  • High Entry Barrier: The requirement of 2 Lots (₹2.83 Lakhs) for retail investors is a major hurdle and may reduce retail participation.
  • Competitive Sector: The travel and tourism industry is highly fragmented and sensitive to economic downturns.
  • Flat GMP: The lack of premium in the grey market suggests low initial excitement from speculative investors.

📈 Investor Verdict:

Neutral / Cautious.

While the fundamentals are decent, the high minimum investment amount and flat GMP make this a risky bet for listing gains. Long-term investors may find value, but short-term players should wait for the subscription numbers on Day 2 before applying.

5. Grey Market Premium (GMP) Status

  • Current GMP: ₹0 (Flat)
  • Estimated Listing Price: ~₹118 (At Par)
  • Last Updated: Nov 26, 2025

Note: GMP is not an official indicator and changes rapidly based on market sentiment.

6. Frequently Asked Questions (FAQ)

Q: What is the minimum investment for Helloji Holidays IPO?

A: Unlike most SME IPOs, the minimum retail investment is reported to be 2 Lots (2,400 Shares), which amounts to ₹2,83,200 at the upper price band.

Q: Is Helloji Holidays IPO good for listing gains?

A: Currently, the GMP is flat (₹0), indicating low expectations for listing gains. It is advisable to track subscription status before applying.

Q: Who is the registrar for this IPO?

A: The registrar is Maashitla Securities Pvt. Ltd. You can check the allotment status on their website.

Q: What does Helloji Holidays do?

A: They provide comprehensive travel solutions including ticket bookings, hotel reservations, and holiday packages for both B2B and B2C clients.

Helloji Holidays IPO| Helloji Holidays IPO GMP| IPO Review| Apply or Avoid| SME IPO List 2025

Subscription:

DateAnchorQIBNIIBNII(>10l)SNII(<10L)RetailTotal

GMP Trend:

DateGMP
The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premiumsignals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.

How to Check IPO Allotment Status:

Maashitla Securities

To check IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.
Allotment Status

NSE Website

To check IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.
Allotment Status

BSE Webiste

To check IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.
Allotment Status

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  • ⚠️ GMP (Grey Market Premium)
  • Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
  • GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
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