Fly-Hi Maritime Travels IPO: Price Band, Lot Size, Financials & Review
Fly-Hi Maritime Travels IPO listed on BSE on Tue, 8 Sep 2026. The issue was subscribed 2.18x overall.
- Open Date
- 1 Sep 2026
- Close Date
- 3 Sep 2026
Last updated
- Issue price
- ₹102
- Lot size
- 1,200 shares
- Min. investment
- ₹2,44,800
- Issue size
- ₹52.63 Cr
- Last GMP
- +₹1
- Subscribed
- 🔥 2.18x
Fly-Hi Maritime Travels IPO details
Fly-Hi Maritime Travels IPO is a ₹52.63 Cr fixed price IPO on the SME segment, listing on BSE. It combines a fresh issue of ₹42.44 Cr (80.64%) with an offer for sale of ₹10.2 Cr (19.36%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Tue, 1 Sep 2026 to Thu, 3 Sep 2026. Allotment was finalised on Fri, 4 Sep 2026, and the shares listed on BSE on Tue, 8 Sep 2026.
The issue price is ₹102 per share and the lot size is 1200 shares, so the minimum retail application is ₹2,44,800. Retail investors can apply for up to 2 lots (2,400 shares, ₹2,44,800).
KFin Technologies Limited is the registrar, and Corporate Makers Capital Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Fly-Hi Maritime Travels IPO GMP before listing was +₹1 (+0.98% against the upper price band of ₹102), implying an estimated listing price of ₹103. Across 9 days of tracking, GMP ranged from +₹1 (03 Sep) to +₹20 (02 Sep).
| Last GMP | +₹1 |
|---|---|
| GMP vs upper band | +0.98% |
| Estimated listing price | ₹103 |
| Highest (02 Sep) | +₹20 |
| Lowest (03 Sep) | +₹1 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Fly-Hi Maritime Travels IPO day-wise GMP.
Subscription
Day-wise subscription →Fly-Hi Maritime Travels IPO was subscribed 2.18x overall: NII 0.69x and retail 3.67x.
| Category | Subscribed |
|---|---|
| NII | 0.69x |
| Retail | 3.67x |
| Total | 2.18x |
Final figures at the close of bidding on 3 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Fly-Hi Maritime Travels IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Non-Institutional | 24,48,000 | 50.00% |
| Retail Investors | 24,48,000 | 50.00% |
| Total | 48,96,000 | 100.00% |
Fly-Hi Maritime Travels IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,44,800 |
| Retail (Max) | 2 | 2,400 | ₹2,44,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,67,200 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹42.44 Cr (80.64%) with an offer for sale of ₹10.2 Cr (19.36%) by existing shareholders. Only the fresh issue money goes to the company.
P/E is not meaningful here because earnings per share is zero or negative.
| EPS (pre-issue) Latest earnings per share before the issue | ₹0 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 80.00% |
| Promoter holding (post-issue) | 0.00% |
Fly-Hi Maritime Travels Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹45.75 Cr to ₹45.75 Cr, and profit after tax rose from ₹3.44 Cr to ₹3.44 Cr. The PAT margin for 31 Mar 2026 was 7.52%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 23.00 | 23.00 | 16.47 |
| Total Income | 45.75 | 45.75 | 45.41 |
| Profit After Tax | 3.44 | 3.44 | 1.82 |
| EBITDA | 5.27 | 5.27 | 2.68 |
| Net Worth | 0.00 | 9.53 | 6.09 |
| Reserve & Surplus | 0.00 | 9.52 | 6.08 |
| Total Borrowings | 0.00 | 10.03 | 4.84 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 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 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding Working Capital Requirements of our Company |
| 2 | Repayment/Pre-Payment of Loan |
| 3 | Business marketing and development activities |
| 4 | General Corporate Purposes |
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.
Promoters
- Mr. Jitendra Kumar Negi
- Mr. Mridul Dilip Singhvi
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
Fly-Hi Maritime Travels IPO FAQs
- What is the Fly-Hi Maritime Travels IPO price band?
- Fly-Hi Maritime Travels IPO is a fixed price issue at ₹102 per share.
- What is the Fly-Hi Maritime Travels IPO lot size and minimum investment?
- The Fly-Hi Maritime Travels IPO lot size is 1200 shares. The minimum retail investment is ₹2,44,800 for one lot at the upper price band. Retail investors can apply for up to 2 lots (2,400 shares), costing ₹2,44,800.
- When was Fly-Hi Maritime Travels IPO open for subscription?
- Fly-Hi Maritime Travels IPO was open for subscription from Tue, 1 Sep 2026 to Thu, 3 Sep 2026.
- What is the Fly-Hi Maritime Travels IPO subscription status?
- Fly-Hi Maritime Travels IPO was subscribed 2.18x overall: NII 0.69x and retail 3.67x. Day-wise and category-wise figures are on the subscription page.
- What was the Fly-Hi Maritime Travels IPO GMP before listing?
- The last Fly-Hi Maritime Travels IPO GMP before listing was +₹1 (+0.98% against the upper price band of ₹102), implying an estimated listing price of ₹103. Across 9 days of tracking, GMP ranged from +₹1 (03 Sep) to +₹20 (02 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Fly-Hi Maritime Travels IPO allotment date?
- The Fly-Hi Maritime Travels IPO basis of allotment was finalised on Fri, 4 Sep 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Fly-Hi Maritime Travels IPO listing date?
- Fly-Hi Maritime Travels IPO listed on BSE on Tue, 8 Sep 2026.
- Is the Fly-Hi Maritime Travels IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹42.44 Cr (80.64%) with an offer for sale of ₹10.2 Cr (19.36%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Fly-Hi Maritime Travels IPO?
- The registrar for the Fly-Hi Maritime Travels IPO is KFin Technologies Limited, and the book running lead manager is Corporate Makers Capital Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.