FlyHi Maritime Travels IPO
FlyHi Maritime Travels IPO Details
-
Open Date
01 Sep 2026
-
Close Date
03 Sep 2026
- IPO Price Range
₹ 102
- IPO Size
₹ 52.63 Cr
FlyHi Maritime Travels IPO Timeline
FlyHi Maritime Travels IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 01-Sept-2026 | - | 0.00 | 0.02 | 0.01 |
| 02-Sept-2026 | - | 0.02 | 0.14 | 0.08 |
| 03-Sep-2026 | - | 0.58 | 3.65 | 2.12 |
Last Updated: 03 September 2026 7:33 PM by 5paisa
Fly-Hi Maritime Travels Limited is a specialised maritime travel company providing end-to-end crew travel and mobility solutions for commercial shipping companies. Its services include airline ticketing, route planning, ground transport, hotel bookings, visa coordination, travel monitoring and emergency support. Operating from Mumbai, with a distributor in the UAE, the Company serves clients across several international markets. It is IATA accredited, DPIIT-recognised and employed 54 people as of July 2026.
Established in: 2021
Managing Director: Mr. Jitendra Kumar Negi
Peers:
There are currently no listed peers.
FlyHi Maritime Travels Objectives
1. Funding working capital requirements of the Company
2. Repayment and/or pre-payment, in part, of borrowing availed by the Company
3. Towards Business Marketing and Development activities
4. General Corporate Purposes
5. Issue Expenses
Fly-Hi Maritime IPO Size
| Types | Size |
|---|---|
| Total IPO Size |
₹52.63 Cr |
| Offer For Sale | ₹10.20 Cr |
| Fresh Issue |
₹42.44 Cr |
Fly-Hi Maritime IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual (Min) | 2 | 2,400 | ₹2,44,800 |
| Individual (Max) | 2 | 2,400 | ₹2,44,800 |
| HNI (Min) | 3 | 3,600 | ₹3,67,200 |
Fly-Hi Maritime IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| Non-Institutional Buyers | 0.58 | 24,48,000 | 14,22,000 | 14.50 |
| Individual Investors | 3.65 | 24,48,000 | 89,47,200 | 91.26 |
| Total** | 2.12 | 48,96,000 | 1,03,69,200 | 105.77 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 48.02 | 45.08 | 45.40 |
| EBITDA | 5.88 | 2.68 | 5.27 |
| PAT | 4.33 | 1.82 | 3.44 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 14.18 | 16.47 | 23.00 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Liabilities | 14.18 | 16.47 | 23.00 |
| Particulars (In ₹Crores.) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 3.46 | 0.40 | 3.78 |
| Net Cash Generated From / (used in) Investing Activities | 0.03 | -0.99 | -4.84 |
| Net Cash Generated From / (used in) Financing Activities | -0.36 | 0.32 | 1.80 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 3.10 | -0.27 | 0.73 |
Strengths
1. Experienced leadership with deep commercial shipping industry expertise.
2. Marquee shipping clients strengthen business credibility and relationships.
3. Diverse international customer base reduces geographical concentration risks.
4. Recurring crew travel demand supports consistent revenue generation.
Weaknesses
1. Heavy dependence on commercial shipping limits diversification opportunities.
2. Third-party aggregator reliance may constrain margins and reach.
3. Volatile travel costs can create frequent margin fluctuations.
4. Manual travel monitoring increases workload and operational errors.
Opportunities
1. Growing global shipping activity supports crew travel demand.
2. International partnerships offer expansion across key overseas markets.
3. India-based operations provide cost and talent advantages.
4. Corporate travel services could create additional revenue streams.
Threats
1. Rising competition may increase pricing and margin pressures.
2. Regulatory changes could increase compliance and operational costs.
3. Technology disruption requires continuous investment in digital capabilities.
4. Rising employee attrition could constrain business scalability.
1. Specialised maritime travel model serves recurring crew requirements.
2. International customer presence provides geographical revenue diversification benefits.
3. Experienced management brings strong commercial shipping industry expertise.
4. Corporate travel expansion offers potential revenue diversification opportunities.
Fly-Hi Maritime operates within the specialised maritime crew travel segment, supported by global shipping activity and recurring crew mobility requirements. Its presence across multiple international markets provides scope for geographical expansion, particularly through distributors and partnerships. The Company may also benefit from India’s cost advantages and growing technology adoption. Expanding into corporate travel services could further diversify its revenue base while leveraging its existing travel management infrastructure and operational capabilities.
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FAQs
Fly-Hi Maritime IPO opens from September 1, 2026 to September 3, 2026.
The size of Fly-Hi Maritime IPO is ₹52.63 Cr.
The price band of Fly-Hi Maritime IPO is fixed at ₹102 per share.
To apply for Fly-Hi Maritime IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Fly-Hi Maritime IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Fly-Hi Maritime IPO is of 2,400 shares and the investment required is ₹2,44,800.
The share allotment date of Fly-Hi Maritime IPO is September 4, 2026
The Fly-Hi Maritime IPO will likely be listed on September 8, 2026.
Corporate Makers Capital Ltd is the book running lead manager for Fly-Hi Maritime IPO.
Fly-Hi Maritime IPO plans to utilise the raised capital from the IPO for:
1. Funding working capital requirements of the Company
2. Repayment and/or pre-payment, in part, of borrowing availed by the Company
3. Towards Business Marketing and Development activities
4. General Corporate Purposes
5. Issue Expenses