UHM Vacation IPO, June 8 -- UHM Vacation's initial public offering (IPO), which opened for bidding on 4 June, is slated to close for subscription today, 8 June. The Rs.36 crore SME IPO is a combination of a fresh issue of Rs.29 crore and an offer for sale of nearly Rs.7 crore.

UHM Vacation IPO price band has been fixed at Rs.157 to Rs.166 per share. Investors could apply for the book-built offer in lots of 800 shares, with retail investors required to bid for at least two lots, resulting in a minimum investment of Rs.265,600.

The company, which is a B2B travel and tourism aggregator, plans to use the proceeds from the fresh share sale to meet capital expenditure, fund marketing and promotional activities and meet working capital needs, ...