Fly-Hi Maritime Travels IPO: Date, Price, GMP & Review | Finowings

Fly-Hi Maritime Travels IPO- Company Analysis 

Fly-Hi Maritime Travels IPO under the SME IPO category is a fixed price issue of Rs. 52.63 Cr by Fly-Hi Maritime Travels Limited, which is a specialized maritime travel company that offers commercial shipping companies complete crew travel and mobility solutions. The company handles airline tickets, route planning, ground transportation, hotel reservations, visa coordination, and round-the-clock travel assistance for seafarers traveling from their home countries to their assigned ports of boarding.

The company provides tailored travel options based on crew joining windows, vessel timetables, and the needs of international shipping crews. Global crew ticketing, coordination of visas and immigration, OK-to-board confirmations, real-time travel tracking, handling of disruptions, emergency assistance, and boarding confirmation are among its services. The company uses a centralized operational approach, managing its activities from its corporate office in Mumbai. 

Fly-Hi Maritime Travels IPO Details

The Fly-Hi Maritime Travels IPO date of opening is 01 Sep 2026; its initial public offering will end on 03 Sep, IPO allotment on Sep 04 and refund initiation on Sep 07, 2026.

The Rs. 52.63 crore new SME IPO comprises a combination of a fresh issue of 41.60 lac shares (Rs. 42.44 Cr) and an offer for sale of 10.00 lac shares (Rs. 10.20 Cr).

The Fly-Hi Maritime Travels IPO listing date (expected) might be Tuesday, Sep 08, 2026, and the listing on the BSE and SME. 

The Fly-Hi Maritime Travels IPO price band is Rs. 102.

IPO Timetable (Tentative)

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Cash Flows

(Amount in Lac)

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Lead Manager Fees, Fees Payable to Registrar for the Issue, Fees Payable to Statutory Auditor and Legal Advisors. ~ Rs. 0.68 Cr.

• Underwriting Commission, Brokerage and selling commission. ~ Rs. 5.12 Cr.

• Fees Payable for Advertising and Publishing Expenses, Payment for Printing & Stationery, Postage, etc. ~ Rs. 0.13 Cr.

• Fees Payable to Regulators including Stock Exchanges. ~ Rs. 0.09 Cr.

• Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses. ~ Rs. 0.02 Cr.

Listed Peers of Fly-Hi Maritime Travels Ltd.

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

Evaluation of P/E Ratio

Considering the period ended on FY 2026 with an EPS of Rs. 8.41 from the last year, the resulting P/E ratio is 12.13x.

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IPO's Strengths 

• Personalized travel arrangements and round-the-clock operational assistance.

• International servicing capabilities and IATA accreditation.

• Presence through a UAE distributor in foreign markets.

• An effective, centralized operational model backed by a trained staff.

IPO's Weaknesses

• Though it is a travel agency, our focus has been mainly on providing travel solutions for the crew of commercial shipping companies. This has limited its revenue stream to only one industry.

• The company is heavily reliant on third-party aggregators for airlines, hotels, and other such travel requirements. Such reliance on third-party aggregators limits our margins and also our reach.

• Airfares, hotel rates, etc are very volatile, creating frequent instances of margin volatility for the company.

Fly-Hi Maritime Travels IPO GMP (Grey Market Premium)

Fly-Hi Maritime Travels IPO GMP today is Rs. 5 as of 01 September 2026, while writing this information. 

Fly-Hi Maritime Travels IPO Summary

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,44,800, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,67,200.

Fly-Hi Maritime Travels IPO Allotment Status

To check the Fly-Hi Maritime Travels IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Fly-Hi Maritime Travels Ltd.

• Jitendra Kumar Negi 

• Mridul Dilip Singhvi.

IPO Lead Managers

Corporate Makers Capital Ltd.

Dividend Policy

The company has not paid a dividend during the last three FYs.

Conclusion

Fly-Hi Maritime Travels IPO presents a niche maritime travel solutions business with strong financial growth, improving profitability, and healthy return ratios. However, the company faces risks due to industry concentration, dependency on third-party service providers, and margin volatility.

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.

You must consult your financial advisor before making any financial decisions.

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To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.