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SME · BSE
Fly-Hi Maritime IPO

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

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

Total Issue51,60,000 shares₹53 Cr
Fresh Issue38,96,400 shares₹40 Cr
Offer for Sale9,99,600 shares₹10 Cr

Shareholding

Pre-Issue1,00,20,000
Post-Issue1,41,80,400

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.

ApplicationLotsSharesAmount
Individual investors (IND) (Min)224002,44,800
Individual investors (IND) (Max)224002,44,800
HNI (Min)336003,67,200

(All values in CR)

Fly-Hi Maritime IPO Valuations

MetricValue
ROE61.29
ROCE67.22
Debt/Equity0.72
RoNW61.29
PAT Margin13.58
EBITDA Margin20.14
NAV17.92
Price to Book Value5.69

(All values in CR)

Fly-Hi Maritime IPO Strength & Risk

+Strengths

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.
!Risks

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

00.0%

Last updated 31 Aug, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
31 Aug, 2026102₹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

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

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).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

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