Fly-Hi Maritime Travels Limited
Fixed Price IPO · BSE
- Price band
- ₹102–102
- Lot size
- 1,200 shares
- Issue amount
- ₹52.63 cr
- Total subscription
- 2.18×
- Opens
- 1 Sept 2026
- Closes
- 3 Sept 2026
- Allotment
- 4 Sept 2026
- Listing
- 8 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 51,60,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,22,400
- Fresh issue
- ₹42.43 cr
- Offer for sale
- ₹10.19 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,22,400
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,00,20,000
- Shares after issue
- 1,42,70,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,44,800 |
| sHNI | 3 | 3,600 | ₹3,67,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 0 |
| NIB | 0 | 291 |
| RETAIL | 1,020 | 3,742 |
| EMPLOYEES | 0 | 0 |
| HNIs (2-10L) | 680 | 289 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 24.97 | 91.6 |
| NIB | 24.97 | 17.2 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 8.41 | 3.44 | 1.82 |
| ROE | 61.29 | 44.08 | 34.39 |
| ROCE | 67.22 | 45.18 | 37.61 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12.13 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Fly-Hi Maritime Travels Ltd is a travel and logistics company that manages complete travel arrangements for crew members of commercial shipping companies, ensuring smooth movement from their home country to the boarding port. The company specializes in services like ticket booking, visa assistance, and global travel coordination for maritime and offshore industries. It provides end-to-end travel solutions to shipping companies and ship managers, focusing on timely crew transfers, cost efficiency, and compliance with international travel rules. With strong airline partnerships and industry experience, the company aims to deliver reliable and efficient services worldwide. As of December 16, 2025, it had 47 employees.
Strengths
- Experienced Management: Promoter and Managing Director Mr. Jitendra Kumar Negi has over 14 years of experience in the commercial shipping industry. His experience has helped the company build its customer base and support business growth.
- Strong Customer Base: The company serves several well-established and financially strong companies in the commercial shipping industry.
- Diversified Geographical Presence: The company serves customers across more than 6 countries, including Cyprus, Greece, the USA, UK, Singapore, UAE and India. This helps reduce dependence on any single country or market.
Risk factors
- Industry Concentration: The company mainly provides travel solutions for the crew of commercial shipping companies. This makes its business highly dependent on the commercial shipping industry.
- Reliance on Third-Party Aggregators: The company depends heavily on third-party aggregators for airline tickets, hotels and other travel services. This could affect its profit margins and ability to expand its market reach.
- Price Volatility: Changes in airfares, hotel rates and other travel costs may affect the company’s pricing and profit margins.
Promoters
Mr. Jitendra Kumar Negi
Mr. Mridul Dilip Singhvi
Registrar & documents
Lead manager
Corporate Makers Capital Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
SF-04, 2nd Floor, Vasant Square Mall, Vasant Kunj=?, New Delhi, 110070
+91-9152110080
[email protected]Company website ↗Understanding FLYHI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.