Fly-Hi Maritime Travels IPO Details

Fixed Price IPO | ₹53 Cr | Listing at BSE SME | Tue, Sep 1, 2026 - Thu, Sep 3, 2026

IPO Details

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Fly-Hi Maritime IPO is a fixed issue price of ₹52.63 crores. The issue is a combination of fresh issue of 41.60 lakh shares aggregating to ₹42.44 crores and offer for sale of 10.00 lakh shares aggregating to ₹10.20 crores.

Fly-Hi Maritime IPO opens for subscription on Sep 1, 2026 and closes on Sep 3, 2026. The allotment for the Fly-Hi Maritime IPO is expected to be finalized on Sep 4, 2026. Fly-Hi Maritime IPO will list on the BSE SME with a tentative listing date fixed as Sep 8, 2026.

Fly-Hi Maritime IPO is set final issue price at ₹102 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,44,800 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,67,200.

Corporate Makers Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Bhaijee Broking & Investments Pvt.Ltd.

Refer to Fly-Hi Maritime IPO DRHP for detailed Information.

IPO Open

Tue, Sep 1, 2026

IPO Close

Thu, Sep 3, 2026

Price Band

₹102 per share

Market Cap*

₹144.64 Cr * on Offer Price

IPO Details

IPO Date

1 to 3 Sep, 2026
Listing Date

Tue, Sep 8, 2026
Face Value

₹5 per share
Issue Price

₹102 per share
Lot Size

1,200 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Fixed Price IPO
Listing At

BSE SME

Total Issue Size

51,60,000 shares (agg. up to ₹53 Cr)
Reserved for Market Maker

2,64,000 shares (agg. up to ₹3 Cr) Bhaijee Broking & Investments Pvt.Ltd.
Fresh Issue(Ex Market Maker)

38,96,400 shares (agg. up to ₹40 Cr)
Offer for Sale

9,99,600 shares of ₹5 (agg. up to ₹10 Cr)
Net Offered to Public

48,96,000 shares (agg. up to ₹50 Cr)
Share Holding Pre Issue

1,00,20,000 shares
Share Holding Post Issue

1,41,80,400 shares

IPO Open

Tue, Sep 1, 2026
Allotment

Fri, Sep 4, 2026
Credit of Shares

Mon, Sep 7, 2026

IPO Close

Thu, Sep 3, 2026
Refund

Mon, Sep 7, 2026
Listing

Tue, Sep 8, 2026

Issue Reservation

Fly-Hi Maritime IPO comprises a total issue size of 51,60,000 shares. The net offer to the public is 48,96,000 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 24,48,000 (50.00%) allocated to NII 24,48,000 (50.00%) allocated to RII.

Investor Category	Shares	% of Net Issue	% of Total Issue
NII (HNI)	24,48,000	50.00%	47.44%
Retail	24,48,000	50.00%	47.44%
Firm Reservations
Market Maker	2,64,000		5.12%
Total	51,60,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	2,400	₹2,44,800
Individual investors (IND) (Max)	2	2,400	₹2,44,800
HNI (Min)	3	3,600	₹3,67,200

About Fly-Hi Maritime Travels Ltd. Updated on Aug 25, 2026

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.

Competitive Strengths

Customized travel planning and 24/7 operational support.
IATA accreditation and international servicing capabilities.
Presence in international markets through a UAE distributor.
Centralized and efficient operational model supported by a skilled workforce.
Experienced management with strong commercial shipping industry expertise.
Established relationships with customers across multiple international markets.
Specialized end-to-end crew travel solutions for commercial shipping companies.

Company Financials (Restated Consolidated)

Fly-Hi Maritime Travels Ltd.’s revenue increased by 36% and profit after tax (PAT) rose by 145% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	37.94	23.00	16.47
Total Income	62.21	45.75	45.41
Profit After Tax	8.43	3.44	1.82
EBITDA	12.49	5.27	2.68
NET Worth	17.96	9.53	6.09
Reserves and Surplus	12.95	9.52	6.08
Total Borrowing	12.97	10.03	4.84

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding working capital requirements of the Company

24.24
2 Repayment and/or pre-payment, in part, of borrowing availed by the Company

4.00
3 Towards Business Marketing and Development activities

1.80
4 General Corporate Purposes

6.37
5 Issue Expenses

6.03
Total

42.44

Key Performance Indicator (KPI)

KPI	Mar 31, 2026	Mar 31, 2025
ROE	61.29%	44.08%
ROCE	67.22%	45.18%
Debt/Equity	0.72	1.05
RoNW	61.29%	44.08%
PAT Margin	13.58%	7.59%
EBITDA Margin	20.14%	11.60%
NAV	17.92	9534.00
Price to Book Value	5.69	0.01

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	8.41	5.94
P/E (x)	12.13	17.17
Market Cap at Offer Price	₹102Cr.	₹144.64 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	80%	49.48%
Public	20.00%	50.52%
Total	100%	100%

Company Promoters: Jitendra Kumar Negi and Mridul Dilip Singhvi.

Offer For Sale – Selling Shareholder

Name	Category	No. of Shares Offered	Amount (₹ cr.)
Jitendra Kumar Negi	Promoter	9,99,600	10.20
Total		9,99,600	10.20

IPO Subscription Status

The Fly-Hi Maritime IPO is subscribed 0.00 times on September 1, 2026 11:19:56 AM (Day 1). The public issue subscribed 0.00 times in the individual investors category, [.] times in the QIB category, and 0.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Shares Offered	Shares bid for	Total Applications
NII*	24,48,000	3,600	0
Individual Investor	24,48,000	9,600	0
Total	48,96,000	13,200	6

Total Applications: 6

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses

Est Amt (₹ Cr.)
1 Lead Manger Fees, Fees Payable to Registrar to the Issue, Fees Payable to Statutory Auditor and Legal Advisors

0.68
2 Underwriting Commission, Brokerage and selling commission

5.12
3 Fees Payable for Advertising and Publishing Expenses, Payment for Printing & Stationery, Postage, etc

0.13
4 Fees Payable to Regulators including Stock Exchanges

0.09
5 Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses

0.02
Total

6.03

📰 Fly-Hi Maritime Travels Ltd. – Useful Articles

›Fly-Hi Maritime Travels Ltd’s Rs. 52.63 crore Public issue to Open on September 1, 2026

IPO Registrar

Kfin Technologies Ltd.

040-79615565
flyhi.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

Corporate Makers Capital Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Fly-Hi Maritime Travels Ltd. Address

SF-04

2nd Floor

Vasant Square Mall, Vasant Kunj

New Delhi, New Delhi, 110070

+91-9152110080
cs@fhmtravels.in
Visit Website

IPO FAQs

What is the Fly-Hi Maritime IPO?

Fly-Hi Maritime IPO is a SME IPO of 51,60,000 equity shares of the face value of ₹5 aggregating up to ₹53 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.

The IPO opens on Tue, Sep 1, 2026, and closes on Thu, Sep 3, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Fly-Hi Maritime IPO through Angel One?

Angel One customers can apply online in Fly-Hi Maritime IPO using UPI as a payment gateway. Angel One customers can apply in Fly-Hi Maritime IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Fly-Hi Maritime IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Fly-Hi Maritime IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Fly-Hi Maritime IPO will open?

The Fly-Hi Maritime IPO opens on Tue, Sep 1, 2026 and closes on Thu, Sep 3, 2026.

What is the lot size of Fly-Hi Maritime IPO?

Fly-Hi Maritime IPO lot size is 1200, and the minimum amount required for application is ₹2,44,800, with 2 lots being the minimum application size.

How to apply for Fly-Hi Maritime IPO?

You can apply in Fly-Hi Maritime IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Fly-Hi Maritime IPO allotment?

The finalization of Basis of Allotment for Fly-Hi Maritime IPO will be done on Friday, September 4, 2026, and the allotted shares will be credited to your demat account by Mon, Sep 7, 2026. Check the Fly-Hi Maritime IPO allotment status.

When is Fly-Hi Maritime IPO listing date ?

The Fly-Hi Maritime IPO listing date is not yet announced. The tentative date of listing is Tue, Sep 8, 2026.