Fly-Hi Maritime Travels Ltd. IPO

ClosedSME

Price Band

102 – ₹102

Issue Size

52.63 Cr

Issue Dates

1 Sept 3 Sept 2026

Listing Date

8 Sept 2026

About Fly-Hi Maritime Travels Ltd.

Incorporated in September 2021, Fly-Hi Maritime Travels Limited is a specialized maritime travel company engaged in providing end-to-end crew travel and mobility solutions for commercial shipping companies. The Company manages travel arrangements for seafarers from their home countries to their designated ports of boarding, including airline ticketing, route planning, ground transportation, hotel bookings, visa coordination and 24/7 travel support. The Company offers customized travel solutions designed around vessel schedules, crew joining windows and the requirements of multinational shipping crews. Its services include global crew ticketing, visa and immigration coordination, OK-to-board confirmations, real-time travel monitoring, disruption handling, emergency support and boarding confirmation. The Company operates through a centralized operational model, with its operations managed from its Mumbai corporate office, while also having a distributor in the UAE to support certain international customers. Fly-Hi Maritime Travels serves commercial shipping companies across more than six countries, including Cyprus, Greece, the USA, the UK, Singapore, UAE and India. The Company is an International Air Transport Association (IATA) accredited company and its registered office has been recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT). As of July 31, 2026, the Company had a workforce of 54 employees across travel operations, marketing and sales, visa operations, finance, IT, HR and other support functions.

IPO Details

Price Band₹102 – ₹102
Face Value₹5
Issue Size₹52.63 Cr
Fresh Issue₹42.44 Cr
Offer for Sale10.2 Cr
Total Shares Offered51,60,000
Listed OnBSE

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: (1) Funding working capital requirements of the Company - Rs. 24.24 Cr; (2) Repayment and/or pre-payment, in part, of borrowing availed by the Company - Rs. 4.00 Cr; (3) Towards Business Marketing and Development activities - Rs. 1.80 Cr; (4) General Corporate Purposes - Rs. 6.37 Cr; (5) Issue Expenses - Rs. 6.03 Cr. Total: Rs. 42.44 Cr. The issue comprises a fresh issue of 41,60,400 equity shares (including 2,64,000 shares reserved for the Market Maker) and an offer for sale of 9,99,600 equity shares of Rs. 5 each by Jitendra Kumar Negi (Promoter), aggregating Rs. 10.20 Cr.

Key Financial Metrics

EPS (Basic)

8.41

P/E Ratio

12.13x

ROE

61.29%

ROCE

67.22%

Debt / Equity

0.72

Financial Performance

Particulars (₹ Cr)FY2024FY2025FY2026
Revenue
EBITDA2.685.2712.49
PAT1.823.448.43
Total Assets16.472337.94
Net Worth6.099.5317.96
Total Borrowings4.8410.0312.97

Valuation

Market Capitalisation

Pre-IPO₹102 Cr
Post-IPO₹144.64 Cr

P/E Ratio

Pre-IPO12.13x
Post-IPO17.17x

Promoter Holding

Pre-IPO80%
Post-IPO49.48%

Public Holding

Pre-IPO20%
Post-IPO50.52%

Lot Size & Allocation

Investment by Category

CategoryLot SizeMin InvestmentMax Investment
retail_min2 × 1200₹2,44,800
retail_max1200 shares₹2,44,800
shni_min3 × 1200₹3,67,200

Reservation / Allocation

CategoryAllocationCut-off
NII (HNI) Shares Offered50%No
Retail Shares Offered50%Yes
Market Maker (Firm Reservation)5.12%No

Registrar & Lead Managers

Registrar

Kfin Technologies Ltd.

Lead Managers (2)

Corporate Makers Capital Ltd.
Bhaijee Broking & Investments Pvt.Ltd.

Peer Comparison

CompanyListedMkt Cap (₹ Cr)EPS (₹)P/EROE %
Fly-Hi Maritime Travels Ltd. IPO (this IPO)144.64₹8.4112.13x61.29%
UHM Vacation Ltd.Yes11.32x
Western Overseas Study Abroad Ltd.Yes10.67x
Helloji Holidays Ltd.Yes14.07x

Frequently Asked Questions

5 questions about Fly-Hi Maritime Travels Ltd. IPO IPO

Fly-Hi Maritime Travels IPO is an SME IPO of 51,60,000 equity shares of face value Rs. 5 aggregating up to Rs. 52.63 crores. The issue is priced at Rs. 102 per share. The minimum order quantity is 1,200 shares.

Important Dates

Issue Opens1 Sept 2026
Issue Closes3 Sept 2026
Allotment4 Sept 2026
Refund Initiation7 Sept 2026
Demat Credit7 Sept 2026
Listing Date8 Sept 2026

Live GMP

Grey Market Premium15
GMP %14.71%
View GMP History

Subscription

0.03x

Overall Subscribed

NII0.01x
Retail0.06x
View Full Details

Community Discussion

Ask questions and share your thoughts about this IPO

Post a message

0/2000

No account needed · posts are public

Be the first to ask or share about Fly-Hi Maritime Travels Ltd. IPO

View full discussion page