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Fly Hi Maritime Travels Limited IPO
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Latest GMP
- Lead Manager
- Corporate Makers Capital Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 1st Sep 2026
- IPO Close Date
- 3rd Sep 2026
- Allotment date
- 4th Sep 2026
- Listing date
- 8th Sep 2026
- Issue Size
- ₹ 53 Cr.
- Issue Price Band
- ₹ 102
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 244800
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Fly Hi Maritime Travels Limited
Incorporated in September 2021, Fly-Hi Maritime Travels Limited is a specialized maritime travel company engaged in providing end-to-end crew travel and mobility solutions for commercial shipping companies.
The Company manages travel arrangements for seafarers from their home countries to their designated ports of boarding, including airline ticketing, route planning, ground transportation, hotel bookings, visa coordination, and 24/7 travel support.
Service Offerings
The Company offers customized travel solutions designed around vessel schedules, crew joining windows, and the requirements of multinational shipping crews. Its services include:
- Global crew ticketing
- Visa and immigration coordination
- OK-to-board confirmations
- Real-time travel monitoring
- Disruption handling
- Emergency support
- Boarding confirmation
Operational Model
The Company operates through a centralized operational model, with its operations managed from its Mumbai corporate office, while also having a distributor in the UAE to support certain international customers.
Geographic Reach
Fly-Hi Maritime Travels serves commercial shipping companies across more than six countries, including Cyprus, Greece, the USA, the UK, Singapore, UAE, and India.
The Company is an International Air Transport Association (IATA) accredited company and its registered office has been recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Workforce
As of July 31, 2026, the Company had a workforce of 54 employees across travel operations, marketing and sales, visa operations, finance, IT, HR, and other support functions.
Competitive Strengths
- Customized travel planning and 24/7 operational support
- IATA accreditation and international servicing capabilities
- Presence in international markets through a UAE distributor
- Centralized and efficient operational model supported by a skilled workforce
- Experienced management with strong commercial shipping industry expertise
- Established relationships with customers across multiple international markets
- Specialized end-to-end crew travel solutions for commercial shipping companies
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| NII | 24,48,000 (50.00%) | 16,82,400 | 0.69 |
| Retail | 24,48,000 (50.00%) | 89,28,000 | 3.65 |
| Total | 48,96,000 (100.00%) | 1,06,10,400 | 2.17 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 03-09-2026 | ₹102 | ₹1 | ₹103 ( 0.98% ) | ₹1,200.00 | 03-Sep-2026 04:16 PM |
| 02-09-2026 | ₹102 | ₹20 | ₹122 ( 19.61% ) | ₹24,000.00 | 02-Sep-2026 03:59 PM |
| 01-09-2026 | ₹102 | ₹5 | ₹107 ( 4.90% ) | ₹6,000.00 | 01-Sep-2026 10:08 AM |
Financials of Fly Hi Maritime Travels Limited
A quick overview of the key financial performance of Fly Hi Maritime Travels Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 37%, Profit after Tax (PAT) increased by 145%, Total Assets increased by 65% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 45.08 | 45.40 | 62.04 |
| Assets | 16.47 | 23.00 | 37.94 |
| Total Income | 45.41 | 45.75 | 62.21 |
| Profit After Tax | 1.82 | 3.44 | 8.43 |
| EBITDA | 2.68 | 5.27 | 12.49 |
| Net Worth | 6.09 | 9.53 | 17.96 |
| Reserves & Surplus | 6.08 | 9.52 | 12.95 |
| Total Borrowings | 4.84 | 10.03 | 12.97 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
2,400
₹ 2,44,800
Individual Investors (IND) (Max)
2
2,400
₹ 2,44,800
S-HNI (Min)
3
3,600
₹ 3,67,200
S-HNI (Max)
8
9,600
₹ 9,79,200
B-HNI (Min)
9
10,800
₹ 11,01,600
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2,400 | ₹ 2,44,800 |
| Individual Investors (IND) (Max) | 2 | 2,400 | ₹ 2,44,800 |
| S-HNI (Min) | 3 | 3,600 | ₹ 3,67,200 |
| S-HNI (Max) | 8 | 9,600 | ₹ 9,79,200 |
| B-HNI (Min) | 9 | 10,800 | ₹ 11,01,600 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 61.29 |
| ROCE (%) | 67.22 |
| Debt / Equity | 0.72 |
| RoNW (%) | 61.29 |
| PAT Margin (%) | 13.58 |
| EBITDA Margin (%) | 20.14 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
8.41
5.94
|
| P/E (x) |
12.13
17.17
|
| Promoter Holding (%) |
80
49.48
|
| Market Cap | 102 |
IPO Lead Manager(s)
Lead Manager Details
- Corporate Makers Capital Limited
- Contact Person: Mr. Rohit Pareek / Mr. Pawan Mahur
- SEBI Registration Number: INM000013095
- Investor Grievance Email: compliance@corporatemakers.in
- Website: https://www.corporatemakers.in
- Email: info@corporatemakers.in
- Phone: 011 41411600
- Address: 611, 6th Floor, Pragati Tower, Rajendra Place, New Delhi - 110008
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- flyhi.ipo@kfintech.com
- Phone
- +91 40 6716 2222 / 18003094001
- Contact Person
- M Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium Tower B, Plot No. 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad 500032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Fly Hi Maritime Travels Limited
- cs@fhmtravels.in
- Phone
- +91-9152110080
- Contact Person
- Ms. Renu Agrawal
- Corporate Identity Number
- U63030DL2021PLC387367
- Address
- SF-04, 2nd Floor, Vasant Square Mall, Vasant Kunj, New Delhi - 110070
- Website
- https://fhmtravels.in/
Fly Hi Maritime Travels Limited FAQs
