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Fly-Hi Maritime IPO
Price Band
₹
Issue Size
₹52.63 Cr
Lot Size
1,200 shares
Min Investment
₹244,800
2 LOTS MIN
GMP
+₹1.0 (0.98%)
Issue Price
₹102.0
Subject to Sauda
₹900
Paid only if allotted
Fly-Hi Maritime IPO AI Summary
- Fly-Hi Maritime IPO is listed on BSE SME in the Tour, Travel Related Services sector.
- Subscription window: 01 Sep–03 Sep 2026, listing on 08 Sep 2026.
- Current GMP is +₹1.0 (0.98%) — unofficial and can change daily.
Fly-Hi Maritime Travels Ltd is an SME IPO focused on providing travel solutions for the maritime industry. With a proven track record and a growing revenue stream, the company aims to enhance its working capital and reduce debt through the proceeds of this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
2.12x
| Category | Subscription | Status |
|---|---|---|
| NII (HNI) |
0.58x
|
0.58x |
| Retail (RII) |
3.66x
|
3.66x |
| Total | 2.12x | 2.12x |
Auto-updated every 5 min · As of 3rd Sep 2026 18:56
Fly-Hi Maritime IPO Grey Market Premium (GMP) Today
GMP
+₹1.0
GMP %
+0.98%
Est. Listing
₹103.0
Updated: 08 Sep 2026 08:45
GMP Trend (Last 8 Days)
About the Company
Fly-Hi Maritime Travels Ltd is engaged in manages end to end travel arrangements for crew of commercial shipping companies, ensuring that the crew members move seamlessly from their home country to the port of boarding. The company offers travel and logistics-focused company serving maritime and offshore industries. It specializes in crew travel management, ticketing, visa assistance, and global travel coordination. The company offers end-to-end travel solutions for shipping companies, ship managers, and maritime professionals, ensuring timely crew movements, cost optimization, and compliance with international travel requirements. Fly-Hi Maritime Travels Ltd emphasizes reliability, operational efficiency, and personalized service, leveraging industry expertise and strong airline partnerships to support seamless maritime operations worldwide. As on December 16, 2025, the company had 47 employees. Competitive Strengths: Proven Track Record Established Relationships with Customers Skilled and Hardworking Workforce Experienced Management Distributor for better customer servicing
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 37.94 | 23.00 | 16.47 |
| Total Income | 62.21 | 45.75 | 45.41 |
| Profit After Tax | 8.43 | 3.44 | 1.82 |
| EBITDA | 12.49 | 5.27 | 2.68 |
| NET Worth | 17.96 | 9.53 | 6.09 |
| Reserves and Surplus | 12.95 | 9.52 | 6.08 |
| Total Borrowing | 12.97 | 10.03 | 4.84 |
Key Ratios
EPS
₹8.41
NAV
₹9534.00
ROE
44.08%
ROCE
45.18%
RoNW
44.08%
P/B Value
0.01
P/E Ratio
12.13
Market Cap
₹144.64 Cr
PAT Margin
7.59%
Debt/Equity
1.05
Promoters
Jitendra Kumar Negi, Mridul Dilip Singhvi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 24.24 2 Repayment and/or pre-payment, in part, of borrowing availed by the Company 4.00 3 Towards Business Marketing and Development activities 1.80 4 General Corporate Purposes 6.37 5 Issue Expenses 6.03 Total 42.44
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹45.41 Cr in the period ending 31 Mar 2024, slightly increasing to ₹45.75 Cr by 31 Mar 2025, and further rising to ₹62.21 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹1.82 Cr in the period ending 31 Mar 2024, increasing to ₹3.44 Cr by 31 Mar 2025, and further rising to ₹8.43 Cr by 31 Mar 2026.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply for shares in the grey market before the official listing. A positive GMP suggests that the market expects the shares to list at a premium compared to the issue price.
Subscription Demand
As of 3rd Sep 2026, the IPO was subscribed 2.12 times overall. The Retail Individual Investors (RII) segment saw a subscription of 3.66 times, while the Non-Institutional Investors (NII) segment was subscribed 0.58 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and the company's growth potential.
Who May Want to Wait
Investors who prefer stable and established companies with a proven track record may want to avoid this IPO, as it involves inherent risks associated with new market entrants.
IPO Timeline, Explained
The IPO opens on 1st September 2026 and closes on 3rd September 2026. Allotment of shares is expected on 4th September 2026, with the listing date set for 8th September 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the stock exchange shortly after they are listed. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Fly-Hi Maritime's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Fly-Hi Maritime IPO GMP today?
Fly-Hi Maritime IPO GMP today is +₹1.0 (0.98%). GMP is an unofficial grey-market indicator and can change daily.
When does Fly-Hi Maritime IPO open and close?
Fly-Hi Maritime IPO opens on 01 September 2026 and closes on 03 September 2026.
When does Fly-Hi Maritime IPO list on the stock exchange?
Fly-Hi Maritime IPO listed on 08 September 2026 at ₹103.0.
What is the lot size for Fly-Hi Maritime IPO?
The lot size for Fly-Hi Maritime IPO is 1200 shares, requiring a minimum investment of ₹244,800 (2 lots).
What is the issue price of the Fly-Hi Maritime IPO?
The issue price is ₹102.0.
What is the lot size for this IPO?
The lot size is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹244800.0.
When does the IPO open and close?
The IPO opens on 1st September 2026 and closes on 3rd September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
01 Sep 2026
Close
03 Sep 2026
Allotment
04 Sep 2026
Listing
08 Sep 2026
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