Fly-Hi Maritime Travels Ltd is a specialised marine travel management company providing end-to-end travel arrangements for commercial shipping crews, including airline ticketing, ground transportation, hotel stays, and visa applications. The company supports seamless crew movement from home countries to ports of boarding with 24/7 travel assistance.
The company offers global crew ticketing, route planning, visa and immigration support, real-time travel monitoring, emergency assistance, and boarding confirmation. Its operations are supported by third-party travel service providers and a distributor in the UAE for international requirements.
Fly-Hi Maritime Travels Ltd works with commercial shipping companies to move crew from more than seven countries and has customers from more than six countries. The company is also IATA-accredited.
As on December 16, 2025, the company had a total workforce of 47 employees, excluding the Non-Executing Independent Director.
Fly-Hi Maritime Travels IPO – Details
| IPO Opening Date | 01 September 2026 |
| IPO Closing Date | 03 September 2026 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 51,60,000 Shares Worth ₹52.63 Crore Fresh Issue: 41,60,400 Shares Worth ₹42.44 Crore Offer For Sale: 9,99,600 Shares Worth ₹10.19 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹102 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Fly-Hi Maritime Travels IPO – Date Schedule
| IPO Open Date | 01 September 2026 |
| IPO Close Date | 03 September 2026 |
| Basis of Allotment | 04 September 2026 |
| Initiation of Refund | 07 September 2026 |
| Credit of Shares to Demat | 07 September 2026 |
| IPO Listing Date | 08 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 03, 2026 |
Fly-Hi Maritime Travels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,44,800 |
| Retail (Max) | 2 | 2400 | ₹2,44,800 |
| S-HNI (Min) | 3 | 3600 | ₹3,67,200 |
Competitive Strength
- Proven Track Record.
- Established Relationships with Customers.
- Skilled and Hardworking Workforce.
- Experienced Management.
- Distributor for better customer service.
Company Promoters
- Jitendra Kumar Negi
- Mridul Dilip Singhvi
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹48.37 Cr | ₹42.37 Cr | ₹4.33 Cr | ₹2.85 Cr |
| 31 March 2024 | ₹45.41 Cr | ₹42.87 Cr | ₹1.82 Cr | ₹4.84 Cr |
| 31 March 2025 | ₹45.75 Cr | ₹41.03 Cr | ₹3.44 Cr | ₹10.03 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| PAT Margin | – |
| EBITDA Margin | – |
| NAV | – |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding Working Capital Requirements of the Company. | ₹24.24 |
| Repayment and/or pre-payment, in part, of borrowing availed by the Company. | ₹4.00 |
| Towards Business Marketing and Development activities. | ₹2.75 |
| General Corporate Purposes. |
✅Strengths
- Experienced Management with strong industry expertise.
- Established Customer Relationships supporting repeat business.
- Skilled Workforce supporting specialised crew travel services.
- UAE Distributor supporting better customer servicing.
- International Presence with operations across overseas markets.
⚠️Risks
- Overseas Revenue Exposure to geopolitical and regulatory risks.
- Customer Concentration may impact revenue if key customers are lost.
- High Working Capital Requirement for day-to-day operations.
- Distributor Dependence creates significant business dependency.
- Third-Party Vendor Dependence may disrupt operations if services are affected.
Fly-Hi Maritime Travels IPO Promoter Holding
| Pre-Issue Share Holding | 80.00% |
| Post Issue Share Holding | – |
Fly-Hi Maritime Travels IPO Prospectus
- Fly-Hi Maritime Travels IPO DRHP
- Fly-Hi Maritime Travels IPO RHP
Company Contact Information
| Fly-Hi Maritime Travels Limited SF-04, 2nd Floor, Vasant Square Mall, Vasant Kunj New Delhi, 110070 Phone: 079 – 2991 7018 Email: investors@farmpeace.in Website: https://fhmtravels.in/ |
Fly-Hi Maritime Travels IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: flyhi.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Fly-Hi Maritime Travels IPO Lead Manager(s)
| 1. Corporate Makers Capital Ltd. |
Fly-Hi Maritime Travels IPO FAQ
| What is the Fly-Hi Maritime Travels IPO? Fly-Hi Maritime Travels IPO is an SME IPO. The issue is priced at ₹102 per equity share. The IPO is to be listed on BSE SME. |
| When will Fly-Hi Maritime Travels IPO open? The IPO is to open on 01 September 2026 for NII and Retail Investors. |
| What is Fly-Hi Maritime Travels IPO Investors’ Portion? The Investor’s portion for NII – 50% and Retail – 50%. |
| What is the Fly-Hi Maritime Travels IPO Size? Fly-Hi Maritime Travels IPO size is ₹52.63 Crore. |
| What are the Fly-Hi Maritime Travels IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,44,800, while the maximum bid is 2400 Shares for ₹2,44,800. |
| What is the Fly-Hi Maritime Travels IPO Allotment Date? Fly-Hi Maritime Travels IPO allotment date is 04 September 2026. |
| What is the Fly-Hi Maritime Travels IPO Listing Date? Fly-Hi Maritime Travels IPO listing date is 08 September 2026. The IPO is to be listed on the BSE SME. |
