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Fly-Hi Maritime IPO
Fly-Hi Maritime IPO
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.
Total Shares
51,60,000
Issue Size
₹53 Cr
Price Band
₹102 – ₹102
Lot Size
1200 shares
Min. Investment
₹1,22,400
Max. Investment
₹1,22,400
Open Date
01 Sep, 2026
Close Date
03 Sep, 2026
Allotment
04 Sep, 2026
Listing
08 Sep, 2026
Max. Investment
₹1,22,400
Announced
01 Sep, 2026
Opening Date
01 Sep, 2026
Closing Date
03 Sep, 2026
Basis of Allotment
04 Sep, 2026
Initiation of Refunds
07 Oct, 2026
Credit of Shares
07 Sep, 2026
Listing Date
08 Sep, 2026
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About Fly-Hi Maritime IPO
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 s
Fly-Hi Maritime IPO Share Price
Issue Breakdown
Shareholding
Dilution: 41.5% increase in shares
Fly-Hi Maritime IPO Financial Health
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.
Fly-Hi Maritime 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 | 2400 | ₹2,44,800 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,44,800 |
| HNI (Min) | 3 | 3600 | ₹3,67,200 |
(All values in CR)
Fly-Hi Maritime IPO Valuations
| Metric | Value |
|---|---|
| ROE | 61.29 |
| ROCE | 67.22 |
| Debt/Equity | 0.72 |
| RoNW | 61.29 |
| PAT Margin | 13.58 |
| EBITDA Margin | 20.14 |
| NAV | 17.92 |
| Price to Book Value | 5.69 |
(All values in CR)
Fly-Hi Maritime IPO Strength & Risk
Fly-Hi Maritime IPO Strength
- Experienced management with established relationships in the maritime travel segment.
- Specialized crew-travel services for commercial shipping companies.
- International presence serving customers across multiple countries.
- IATA accreditation supports its air-travel service capabilities.
- Strong improvement in revenue and profitability in FY26.
- Lean, centralized operations supported by a skilled workforce.
- Established network of distributors, suppliers and travel-service providers.
Fly-Hi Maritime IPO Risk
- High dependence on a limited number of large customers.
- Significant working-capital requirements due to the gap between supplier payments and customer collections.
- Heavy reliance on overseas markets exposes the company to geopolitical, regulatory and currency risks.
- Dependence on third-party vendors and distributors could affect service delivery.
- Past statutory compliance issues and discrepancies in certain tax and regulatory filings.
- Profit growth may face pressure if the recent improvement in margins is not sustained.
- SME-listed stocks can carry higher liquidity and volatility risks for investors.
Fly-Hi Maritime IPO GMP
Last updated 31 Aug, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 31 Aug, 2026 | 102 | ₹0 | - | ₹102 (0.00%) | - | 31 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Fly-Hi Maritime IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Fly-Hi Maritime IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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