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Helloji Holidays IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

About Helloji Holidays Limited

Helloji Holidays Limited, incorporated in 2012, is a travel services company offering domestic and international air ticketing, hotel bookings, holiday packages, cruises, luxury car rentals, visa assistance, and travel insurance. The company earns revenue mainly from B2B and corporate travel management, supported by B2C leisure travel. Its services are widely used by enterprises, institutions, families, groups, and individual travellers across India.

Key Clients & Facilities

The company serves corporate clients, institutional travellers, and B2B travel agents. Its top customers contribute significantly to ticketing and travel package revenues. Helloji operates from its registered office at WA-89, Shakarpur, East Delhi, along with leased branch offices across multiple states. These offices are equipped with computers, internet connectivity, communication tools, and 24/7 service support infrastructure required for smooth travel operations.

Product Portfolio, Segments & Order Execution

The company’s portfolio includes airline ticketing, domestic/international tour packages, hotel reservations, and value-added services like visa, passport, insurance, and luxury transport. These solutions are positioned in the corporate travel lifecycle—covering planning, booking, compliance, and post-sales support. Ticketing forms a major revenue share. The company handles recurring corporate orders and executes them through supplier partnerships, trained staff, and real-time travel support systems.

Mergers, Capex & Expansion Plans

Helloji has no merger transactions reported post FY25. Future expansion focuses on strengthening technology, automation, brand building, and enhancing its travel booking platform. The company plans capital expenditure of ₹290 lakh towards purchase of software and ₹504 lakh towards working capital, financed through IPO proceeds, internal accruals, and net worth. These investments will support scalability, automation, and geographic expansion.

Employees & Banker

As on October 31, 2025, our Company has 17 employees. The Banker to the Company is Axis Bank Limited, Bank of India, ICICI Bank Limited and HDFC Bank Limited.

MANAGEMENT & VISION

The management team is led by Managing Director Mr. Hitesh Kumar Singla, supported by Executive Directors Mr. Anil Kumar Sharma, Mr. Nikhil Singla, and Mr. Nitin Dixit. Their vision is to expand Helloji’s position as a corporate-first, full-spectrum travel partner with a strong B2B presence. They aim to scale services through improved technology, digital automation, new office expansions, stronger supplier partnerships, and a wider national and international footprint.

Over the near term, management plans to enhance the company’s travel booking platform, build a stronger brand, and improve customer retention through personalized service. Long-term goals include deeper penetration in corporate travel, expansion into Middle East, Europe, and Southeast Asian corridors, and creating an integrated travel management ecosystem. Funding for expansion and capex will come from IPO proceeds, internal accruals, and debt if required.

INDUSTRY OVERVIEW

India’s travel and tourism industry is one of the fastest-growing globally, driven by rising incomes, corporate mobility, and digital adoption. The industry is expanding through online travel platforms, corporate travel management firms, and B2B aggregators. Consolidation is increasing as companies invest in automation and scale.

Globally, travel management is a multibillion-dollar market with strong long-term growth led by technology, integrated service platforms, and MICE travel. In India, B2B travel aggregation has grown rapidly due to real-time inventory access, dynamic pricing tools, and digitized agent ecosystems. Growth rates in the industry vary across segments but continue to exceed pre-COVID levels. Major players include International Travel House, Trade-Wings Limited, and emerging tech-enabled B2B aggregators.

KEY RISK FACTORS

  1. High Competition
    The company operates in a highly competitive travel industry dominated by OTAs, large travel houses, and global platforms. Competitors have stronger financial resources, brand recognition, and technology, which may impact pricing and client acquisition.
  2. Dependence on Corporate Travel Demand
    A significant portion of revenue comes from corporate and institutional travel. Any slowdown in business travel, economic downturn, or shift to virtual meetings can reduce demand and affect revenues.
  3. Low Margin Business Model
    Ticketing and travel services often operate on thin margins. Higher supplier costs, changes in airline commissions, or currency fluctuations can reduce profitability and impact operating leverage.
  4. Technology and Data Risks
    As the company expands its digital platform, risks of system failures, cybersecurity threats, or delays in software implementation may impact service quality and customer experience.
  5. Working Capital Intensive Operations
    The business requires continuous working capital to handle bookings, supplier payments, and client credit cycles. Delays in receivables can strain liquidity and affect growth plans.
  6. Regulatory and Compliance Risks
    The travel industry is influenced by aviation policies, visa norms, and government regulations. Any regulatory change across domestic or international markets can affect operations and client movement.

SECTION 5 – KEY STRENGTHS, MOAT & OPPORTUNITIES

  1. Strong Corporate Travel Focus
    Helloji has developed a robust presence in the B2B travel segment, offering end-to-end corporate travel solutions with 24/7 support. This high-touch model ensures client retention and recurring business.
  2. Integrated Service Portfolio
    The company offers complete travel services—from ticketing and tours to insurance and documentation—creating a one-stop platform for enterprises and leisure travellers. This enhances customer convenience and strengthens cross-selling potential.
  3. Growing Digital Capabilities
    Investments in new software, automation, and corporate self-service tools will significantly improve efficiency, accuracy, and scalability. This digital shift will reduce manpower needs and operational costs while enabling faster expansion.
  4. Strong Supplier Relationships
    Longstanding partnerships with airlines, hotels, transport providers, and travel insurance firms help Helloji offer competitive prices and reliable service, supporting customer trust and business growth.
  5. Experienced Management Team
    The leadership team has deep industry knowledge and strong execution capabilities. Their strategic focus on B2B travel, brand building, and technology-driven expansion positions the company for sustainable growth.
  6. Large Industry Opportunity
    India’s growing tourism, rising corporate travel demand, increasing digital adoption, and expanding SME travel market present significant opportunities for Helloji to scale operations across new geographies and customer segments.

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