Helloji Holidays Ltd IPO
Miscellaneous
Price Band
₹110 – ₹118
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹283200
Issue Size
₹10.96Cr
Opens
2025-12-02
Closes
2025-12-04
Listing
09-12-2025
Subscription Status
Qualified Institutional Buyers
34.4 x
Non-Institutional Investor
30.79 x
Retail Individual Investor
20.94 x
Total
27.17 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1FJE01010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Helloji Holidays Limited is a travel services company providing customised holiday packages and end-to-end travel solutions for leisure and corporate travellers. The company was originally incorporated in 2012 and was converted into a public limited company in 2024, later shifting its registered office from Chandigarh to Delhi in 2025. The company’s service portfolio includes domestic and international flight bookings, hotel and resort reservations, cruises, car rentals, sightseeing arrangements, and destination management services. In addition to these core offerings, Helloji Holidays Limited provides ancillary services, such as travel insurance, visa assistance, passport assistance, and cab bookings. It also manages meetings, incentives, conferences, and events (MICE) travel requirements for corporate clients. Helloji Holidays Limited operates through both business-to-business (B2B) and business-to-consumer (B2C) channels, serving corporate, institutional, agent-based, and retail customers.
Pros
- • Helloji Holidays operates a dual-channel structure that includes both B2B corporate clients and B2C retail travellers. The company claims that this combined model enables it to tap into a wider customer network across India and global markets through referrals and sales outreach. This integrated distribution approach supports demand generation across multiple traveller categories.
- • The company claims to have developed long-term relationships with key customers, resulting in repeat business. These recurring engagements contribute to stability in its revenue channels. The sustained retention base also supports the company’s ability to attract new clients through referrals.
- • The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 17.18 crore in FY23 to Rs 25.97 crore in FY24 to Rs 28.12 crore in FY25. PAT increased from Rs 0.19 crore in FY23 to Rs 1.80 crore in FY24 to Rs 2.10 crore in FY25.
Cons
- • The company relies heavily on a small customer group. The top five customers accounted for Rs 10.77 crore (38.39 percent) of the company’s revenue in FY25, Rs 9.13 crore (35.22 percent) in FY24, and Rs 3.27 crore (19.41 percent) in FY23. Losing any major customer or facing delays in payments could significantly affect revenue stability and cash flows.
- • A significant part of the company’s income comes from ticketing services. In FY25, airline bookings contributed Rs 14.98 crore (53.28 percent) to the company’s revenue; in FY24 they contributed Rs 15.66 crore (60.29 percent), and in FY23, they contributed Rs 8.77 crore (51.07 percent). Any fall in travel demand or fare volatility may materially affect revenue.
- • The top five suppliers accounted for Rs 11.04 crore (46.09 percent) of the company’s purchases in FY25; Rs 11.37 crore (51.22 percent) in FY24; and Rs 5.70 crore (36.49 percent) in FY23. Disruptions or termination by key suppliers may lead to operational delays and potential financial losses.
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