Fly-Hi Maritime
Price band ₹102 · Issue ₹52.63 Cr
Market attention score 53.2 (how ranked)
IPO alerts
Get notified for open, close, allotment. Delivered in-app, push, and email.
Automated WhatsApp broadcasts aren't available yet — use this to ping yourself or a group.
Capital required
Approximate retail outlay for Fly-Hi Maritime at the issue price band (lot × lots).
Est. capital
₹1,22,400
Lot size 1,200 · up to ₹102/share
Prefer smaller tickets before listing? Explore unlisted & pre-IPO shares.
Opens
1 Sept 2026
Closes
3 Sept 2026
Allotment
4 Sept 2026
Listing
8 Sept 2026
Lot size
1,200
GMP
+4.9%
At a glance
IPO Open Tue, Sep 1, 2026 IPO Close Thu, Sep 3, 2026 Issue Price ₹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 T 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 Timetable (Tentative) IPO Open Tue, Sep 1, 2026 IPO Close Thu, Sep 3, 2026 Allotment Fri, Sep 4, 2026 Refund Mon, Sep 7, 2026 Credit of Shares Mon, Sep 7, 2026 Listing Tue, Sep 8, 2026 IPOs Timetable 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 IPO Subscription Details About Fly-Hi Maritime Travels Ltd. Updated on Sep 1, 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.
Overview
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.
Issue details
IPO Date
1 to 3 Sep, 2026
Listing Date
Tue, Sep 8, 2026T
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
Lot size
| 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 |
Issue reservation
| 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% |
About the company
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.
- 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.
Financials
| Metric | 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 |
Amounts in ₹ Crore (restated)
Key performance indicators
| 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 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
8.41
P/E (x)
12.13
Market Cap at Offer Price
₹102Cr.
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 80% | 49.48% |
| Public | 20.00% | 50.52% |
| Total | 100% | 100% |
Objects of the issue
- — Funding working capital requirements of the Company
- — Repayment and/or pre-payment, in part, of borrowing availed by the Company
- — Towards Business Marketing and Development activities
- — General Corporate Purposes
- — Issue Expenses
Intermediaries
Registrar
Kfin Technologies Ltd.
Lead manager(s)
Corporate Makers Capital Ltd.
FAQs
How to apply in Fly-Hi Maritime IPO through Zerodha?+
Zerodha customers can apply online in Fly-Hi Maritime IPO using UPI as a payment gateway. Zerodha customers can apply in Fly-Hi Maritime IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Fly-Hi Maritime IPO through Zerodha Visit the Zerodha 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 Zerodha 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 Zerodha , 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 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.