Fly-Hi Maritime Travels IPO
GMP, Subscription, Price, Dates & Financial Details
Logistics & Supply Chain
Incorporated in 2016, Fly-Hi Maritime Travels Ltd is a specialized maritime travel management company providing end-to-end travel and logistics solutions for crew members of commercial shipping companies. The company manages the movement of seafarers from their home countries to designated ports of…
Open Date
Tue, 01 Sep 2026
Close Date
Thu, 03 Sep 2026
Issue Price
₹ 102
Lot Size
1200
Issue Size
₹ 52.63 Cr
Minimum Investment
₹ 244,800 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Fly-Hi Maritime Travels IPO is currently open for subscription and will remain open until September 03, 2026. According to the Red Herring Prospectus (RHP), the IPO is a fixed price issue with a total issue size of ₹52.63 Crore, comprising a fresh issue of 41.60 Lakh equity shares aggregating to ₹42.44 Crore and an offer for sale (OFS) of 10.00 Lakh equity shares aggregating to ₹10.20 Crore by the existing shareholders.
The Fly-Hi Maritime Travels IPO opened for subscription on September 01, 2026, and will close on September 03, 2026. The basis of allotment is expected to be finalized on September 04, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on September 08, 2026.
The company has fixed the price at ₹102 per share, with a lot size of 1200 shares. Retail investors are required to make a minimum investment of ₹244,800 (based on the upper price band) to apply for one lot.
KFin Technologies Limited is the registrar to the issue. Corporate Makers Capital Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Fly-Hi Maritime Travels IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Interested investors should submit their applications before the subscription window closes on September 03, 2026.
Fly-Hi Maritime Travels IPO Timeline (Tentative)
- IPO Open Date
- Tue, 01 Sep 26
- IPO Close Date
- Thu, 03 Sep 26
- Basis of Allotment
- Fri, 04 Sep 26
- Initiation of Refunds
- Mon, 07 Sep 26
- Credit of Shares to Demat
- Mon, 07 Sep 26
- Listing Date
- Tue, 08 Sep 26 — BSE
Open Date
01 September 2026
Close Date
03 September 2026
Basis Of Allotment
04 September 2026
Listing Date
08 September 2026
IPO Subscription
Check Live Subscription →The Fly-Hi Maritime Travels IPO has received bids for 6,64,800 shares against 0 shares offered, resulting in an overall subscription of 0.14x. the NII category is subscribed 0.13x, and Retail Investors 0.14x.
NII
0.13x
RII
0.14x
Total
0.14x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 24,48,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 24,48,000 shares (50%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Non-Institutional | 2,448,000 | 50% |
| Retail Investors | 2,448,000 | 50% |
| Total | 4,896,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 23 | 23 | 16.47 |
| Revenue | 45.75 | 45.75 | 45.41 |
| Profit After Tax | 3.44 | 3.44 | 1.82 |
| Net Worth | 0 | 9.53 | 6.09 |
| Reserve & Surplus | 0 | 9.52 | 6.08 |
| Total Borrowings | 0 | 10.03 | 4.84 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Fly-Hi Maritime Travels Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 61.29 | 44.08 | 34.39 |
| ROCE % | 67.22 | 45.18 | 37.61 |
| Debt / Equity | 0.72 | 1.05 | 0.79 |
| RoNW % | 61.29 | 44.08 | 34.39 |
| Pat Margin % | 13.58 | 7.59 | 4.04 |
Peers Comparison
No Peer Comparision Available
About Fly-Hi Maritime Travels Limited
Incorporated in 2016, Fly-Hi Maritime Travels Ltd is a specialized maritime travel management company providing end-to-end travel and logistics solutions for crew members of commercial shipping companies. The company manages the movement of seafarers from their home countries to designated ports of boarding, ensuring timely travel while meeting vessel schedules and international travel requirements.
Its services include international airline ticketing, itinerary and route planning, visa and immigration assistance, ground transportation, hotel bookings, travel documentation, and global travel coordination. The company develops customized travel plans based on airline connectivity, visa requirements, transit restrictions, and crew boarding deadlines.
Fly-Hi Maritime Travels also provides operational support and travel monitoring to help shipping companies respond quickly to flight delays, disruptions, and documentation-related issues. It currently serves commercial shipping companies across more than six countries and manages crew movements from over seven countries worldwide.
The company focuses on reliability, operational efficiency, cost optimization, compliance, and personalized customer service. It leverages industry expertise and established airline and customer relationships to facilitate seamless crew movements and support uninterrupted maritime operations.
As of December 16, 2025, Fly-Hi Maritime Travels Ltd had 47 employees.
Competitive Strengths
Proven Track Record: Established experience in managing complex maritime crew travel requirements.
Strong Customer Relationships: Established relationships with commercial shipping companies and maritime industry participants.
Specialized Industry Expertise: Focused expertise in crew travel management and the unique logistical requirements of the shipping industry.
Experienced Management: Backed by an experienced management team with knowledge of maritime travel operations.
Skilled Workforce: A trained and dedicated workforce supporting travel coordination and customer requirements.
End-to-End Solutions: Provides ticketing, visa assistance, accommodation, ground transportation, documentation, and travel coordination under one platform.
Global Reach: Supports crew movements across multiple countries, catering to the international nature of commercial shipping operations.
Operational Support: Provides timely assistance in handling travel disruptions and other issues that may impact crew boarding schedules.
Distributor Network: Utilizes distributor relationships to enhance customer servicing and operational reach.
Fly-Hi Maritime Travels IPO Promoters
- Mr. Jitendra Kumar Negi
- Mr. Mridul Dilip Singhvi
Promoters Holding
Holding Pre Issue
80.00%
Holding Post Issue
0.00%
Fly-Hi Maritime Travels IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding Working Capital Requirements of our Company
- Repayment/Pre-Payment of Loan
- Business marketing and development activities
- General Corporate Purposes
Fly-Hi Maritime Travels Limited Address / Contact Details
Fly-Hi Maritime Travels Ltd Address
SF-04, 2nd Floor, Vasant Square Mall
Vasant Kunj New Delhi, - 110070
+91-9152110080
cs@fhmtravels.in
IPO Snapshot
Fly-Hi Maritime Travels IPO Lot Size
The Fly-Hi Maritime Travels IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,44,800 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,44,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 244,800.00 |
| Retail (Max) | 2 | 2,400 | 244,800.00 |
| S-HNI (Min) | 3 | 3,600 | 367,200.00 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Corporate Makers Capital Limited
IPO Documents & Links
Explore More IPOs
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Fly-Hi Maritime Travels IPO?
Fly-Hi Maritime Travels IPO is a Fixed price IPO with a total issue size of ₹52.63 crore. The Fly-Hi Maritime Travels IPO price band is ₹102 to 102 per share. The Fly-Hi Maritime Travels IPO subscription opens on Tue, Sep 1, 2026, and closes on Thu, Sep 3, 2026. The Fly-Hi Maritime Travels IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Fly-Hi Maritime Travels IPO.
When will the Fly-Hi Maritime Travels IPO open for subscription?
The Fly-Hi Maritime Travels IPO opens on Tue, Sep 1, 2026 and closes on Thu, Sep 3, 2026
What is Fly-Hi Maritime Travels IPO Price Band?
Fly-Hi Maritime Travels IPO Price Band is ₹102 to 102 per share.
What is Fly-Hi Maritime Travels IPO Lot Size?
Fly-Hi Maritime Travels IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹244800 based on the upper price band
What is the minimum investment for Fly-Hi Maritime Travels IPO?
The minimum investment for Fly-Hi Maritime Travels IPO is ₹244800, based on one lot of 1200 shares at the upper price band of ₹102 per share.
How to apply for Fly-Hi Maritime Travels IPO?
Investors can apply for the Fly-Hi Maritime Travels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 3, 2026. The application amount remains blocked until the Fly-Hi Maritime Travels IPO allotment is finalized.
What is Fly-Hi Maritime Travels IPO Issue Size?
Fly-Hi Maritime Travels IPO issue size is ₹52.63 crores.
What is the Fly-Hi Maritime Travels IPO Allotment Date?
Fly-Hi Maritime Travels IPO allotment date is Fri, Sep 4, 2026.
Who is the Fly-Hi Maritime Travels IPO Registrar?
The registrar for Fly-Hi Maritime Travels IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Fly-Hi Maritime Travels IPO allotment status, refund processing, and other IPO-related information.
What is the Fly-Hi Maritime Travels IPO GMP?
The Fly-Hi Maritime Travels IPO GMP (Grey Market Premium) is ₹20 as of Wed, Sep 2, 2026. Based on the upper price band of ₹102 per share, the estimated Fly-Hi Maritime Travels IPO listing price is ₹122, indicating a potential listing gain of approximately 19.61% over the issue price.
Who is the Fly-Hi Maritime Travels IPO Lead Manager?
The book-running lead managers (BRLMs) for the Fly-Hi Maritime Travels IPO are Corporate Makers Capital Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Fly-Hi Maritime Travels IPO Red Herring Prospectus (RHP).