Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |
Utazzo Services Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on June 12, 2026 to raise funds through Initial Public Offer (IPO).
Utazzo Services Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.33 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Horizon Management Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Utazzo Services IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 33,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 33,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 76,48,318 shares |
| Share Holding Post Issue | 1,09,48,318 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Jun 12, 2026 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | Not less than 50% of the Net Issue |
| NII Shares Offered | Not less than 50% of the Net Issue |
Incorporated in March 2012, Utazzo Services Limited is a technology-enabled travel services company providing end-to-end holiday planning, corporate travel, MICE (Meetings, Incentives, Conferences & Exhibitions), group tours, visa assistance, travel insurance, and hotel and airline booking solutions.
The company operates through an omni-channel model comprising digital booking platforms, experience centers, teleconsultation services, and a trained partner network. Its offerings include customized domestic and international holiday packages, luxury travel, educational tours, corporate travel solutions, thematic travel experiences, and event-based MICE programs. Utazzo serves individual travelers, families, high-net-worth individuals, educational institutions, and corporate clients through a customer-centric and technology-driven approach.
Over 40% of bookings come through repeat and referral customers, reflecting strong customer satisfaction and retention. The company is led by an experienced management team with expertise in travel operations, technology integration, and customer service.
As of March 31, 2026, the company employed 32 professionals across sales, travel operations, technology, marketing, finance, visa processing, and support functions.
Strengths:
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 11.56 | 8.68 | 7.36 | 4.43 |
| Total Income | 15.69 | 20.22 | 19.59 | 15.02 |
| Profit After Tax | 2.34 | 0.97 | 2.35 | 0.15 |
| EBITDA | 3.35 | 1.57 | 3.60 | 0.72 |
| NET Worth | 9.27 | 6.93 | 3.54 | 1.19 |
| Reserves and Surplus | 7.09 | 4.75 | 3.49 | 1.14 |
| Total Borrowing | 0.00 | 0.22 | 1.90 | 2.55 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| UHM Vacation Ltd. | SME | ₹36.00 Cr | ₹166 | 11.32 | ₹126.20 | -23.98% | ₹39.15 (-5.00%) |
| Western Overseas Study Abroad Ltd. | SME | ₹10.07 Cr | ₹56 | 10.67 | ₹52.16 | -6.86% | ₹17.54 (-8.88%) |
| Helloji Holidays Ltd. | SME | ₹10.97 Cr | ₹118 | 14.07 | ₹123.90 | +5.00% | ₹111.00 (+2.45%) |
| LGT Business Connextions Ltd. | SME | ₹28.09 Cr | ₹107 | 14.38 | ₹81.35 | -23.97% | ₹45.69 (+4.99%) |
| TSC India Ltd. | SME | ₹25.89 Cr | ₹70 | 15.44 | ₹71.40 | +2.00% | ₹29.70 (+0.00%) |
| Waterways Leisure Tourism Ltd. | Mainboard | ₹585.00 Cr | ₹808 | 100.96 | ₹668.10 | -17.31% | ₹825.65 (+1.04%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 12.00 |
| 2 | Capital expenditure towards extension and scaling of Proprietary Technology Platform | 0.50 |
| 3 | General Corporate Purpose | |
| Total | 12.50 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 28.88% | 18.45% |
| ROCE | 35.78% | 20.74% |
| Debt/Equity | 0.01 | 0.03 |
| RoNW | 33.65% | 13.93% |
| PAT Margin | 14.95% | 4.82% |
| EBITDA Margin | 21.41% | 7.82% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.26 | 2.85 |
| Promoter Holding | 91.94% |
Lead Manager Reports
Utazzo Services IPO is a SME IPO of 33,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Utazzo Services IPO open and close dates are not available as of now.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Utazzo Services IPO using UPI as a payment gateway. Zerodha customers can apply in Utazzo Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Utazzo Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Utazzo Services IPO dates are not announced. Please check back again after some time.
Utazzo Services IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Utazzo Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Utazzo Services IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Utazzo Services IPO allotment status.
The Utazzo Services IPO listing date is not yet announced. The tentative date of listing is .
