Fly-Hi Maritime IPO
Closing TodayBSE SMEOpens 1 September 2026Closes 3 September 2026
Incorporated in 2021, Fly-Hi Maritime Travels Limited provides specialized end-to-end travel and logistics management solutions tailored specifically for the global crew of commercial shipping and offshore companies.…
Incorporated in 2021, Fly-Hi Maritime Travels Limited provides specialized end-to-end travel and logistics management solutions tailored specifically for the global crew of commercial shipping and offshore companies. The company coordinates the seamless transit of mariners from their home countries to boarding ports across the globe, managing international marine flight ticketing, port-side ground transfers, hotel accommodation, and visa/immigration processing. With corporate operations headquartered in Mumbai and New Delhi and an international distribution tie-up in the UAE, the company derives over 90% of its operational revenues from major international maritime hubs including the UAE, Cyprus, and the United Kingdom.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
1 Sept
IPO Closes
3 Sept
Allotment
4 Sept
Listing
8 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 1 September 2026 |
| IPO Close Date | 3 September 2026 |
| Allotment Date | 4 September 2026 |
| Listing Date | 8 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,44,800 |
SHNI (Min) | 3 | ₹3,67,200 |
SHNI (Max) | 8 | ₹9,79,200 |
BHNIAbove ₹10,00,000 | 9 | ₹11,01,600 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| NII (Non-Institutional Investor) | 47.44% |
| Retail | 47.44% |
| Market Maker | 5.12% |
| Total | 100.00% |
IPO Objectives
- Funding Working Capital Requirements of our Company (₹24.24 Cr).
- Repayment and/or pre-payment, in part, of borrowing availed by our Company (₹4.00 Cr).
- Towards Talent Acquisition for Business Marketing and Development activities (₹1.80 Cr).
- General Corporate Purposes (₹6.37 Cr).
Strengths
- Specialized niche focus on end-to-end maritime crew travel logistics across air ticketing, ground transit, lodging, and visa coordination.
- Extensive international client base across maritime hubs with 90.31% of FY26 revenue originating from outside India (UAE, Cyprus, UK).
- Strong profitability growth with PAT advancing 144.69% YoY to ₹8.43 Cr in FY26 alongside high capital efficiency (RoNW of 61.29% and ROCE of 67.22%).
- Long-standing commercial relationships with commercial shipping companies, fleet managers, and airline consortia.
Weaknesses
- High customer concentration risk, with the top 5 clients generating 80.00% and the top 10 clients contributing 91.39% of FY26 revenue.
- Significant dependence on an exclusive overseas distributor in the UAE, which accounted for 46.59% of FY26 operational revenue.
- Working capital-intensive operations requiring continuous advance funding for airline seat blocking, hotel rooms, and visa deposits.
- Vendor concentration risk, with the top 10 service providers accounting for 94.12% of total procurement in FY26.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 37.94 | 23 | 16.47 |
| Revenue (₹ Cr.) | 62.21 | 45.75 | 45.41 |
| PAT (₹ Cr.) | 8.43 | 3.44 | 1.82 |
| Net Worth (₹ Cr.) | 17.96 | 9.53 | 6.09 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Fly-Hi Maritime Travels | 5.69 | 17.17 | 61.29% | 17.96 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0x | 0.02x | 0.06x |
| RII | 0.02x | 0.14x | 0.36x |
| Total | 0.01x | 0.08x | 0.21x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 24,48,000 | 1,52,400 | 1.55 |
| RII | 24,48,000 | 8,78,400 | 8.96 |
| Total | 48,96,000 | 10,30,800 | 10.51 |
Company Details
- Fly-Hi Maritime Travels Limited
- SF-04, 2nd Floor, Vasant Square Mall, Vasant Kunj, New Delhi - 110 070, India
- +91 91521 10080
- cs@fhmtravels.in
- http://fhmtravels.in
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- flyhi.ipo@kfintech.com
- https://www.kfintech.com/
Frequently Asked Questions
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Fly-Hi Maritime IPO News & Updates
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Fly-Hi Maritime IPO Details
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Fly-Hi Maritime IPO GMP
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Fly-Hi Maritime IPO Subscription
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Fly-Hi Maritime IPO Allotment
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Fly-Hi Maritime IPO News
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Sources
We match Fly-Hi Maritime IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.