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Fly Hi Maritime Travels Ltd IPO

Listed SME BSE SME Fixed Price IPO
Min Investment
₹2,44,800
1200 shares · 1 lot

Fly Hi Maritime Travels Ltd IPO was priced at ₹102 per share with an issue size of ₹53 crore. The IPO opened on Sep 01, 2026 and closed on Sep 03, 2026, with a lot size of 1,200 shares and a minimum investment of ₹2,44,800.

Open
01 Sep
Close
03 Sep
Allotment
04 Sep
Refund
07 Sep
Listing
08 Sep

Market Sentiment

Grey Market Premium

Full history →
+₹1.00 +1.0%
Est. listing: ₹103
Updated 03 Sep 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹102.00 per share
Lot Size1200 shares
Min Investment₹2,44,800
Total Issue Size ₹53.00 crore
Shares Offered51,60,000
Issue Structure Fresh Issue + Offer for Sale
Issue TypeFixed Price IPO
Lead Manager(s)Corporate Makers Capital Ltd.
RegistrarKfin Technologies Ltd.
Listing AtBSE SME

Quick Profit Calculator

Issue price ₹102 · lot size 1200 shares · estimated listing price ₹103 (GMP +₹1)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 1,200 ₹1,22,400 ₹1,23,600 +₹1,200
S-HNI (Min) 2 2,400 ₹2,44,800 ₹2,47,200 +₹2,400
S-HNI (UPI limit) 4 4,800 ₹4,89,600 ₹4,94,400 +₹4,800
S-HNI (Max) 8 9,600 ₹9,79,200 ₹9,88,800 +₹9,600
B-HNI (Min) 9 10,800 ₹11,01,600 ₹11,12,400 +₹10,800
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹8.41
P/E (Post)
17.17 x
RoNW
61.29%
RoCE
67.22%
Net Worth
₹17.96 Cr
MetricLatest Reported
Total Income₹62.21 Cr
Profit After Tax₹8.43 Cr
Net Worth₹17.96 Cr

Promoters & Holding

Promoters: Jitendra Kumar Negi

Promoter Holding (Pre-Issue)80000000%
Promoter Holding (Post-Issue)49800000%

Strengths & Risks

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.

Risks & Concerns

  • Dependence on the commercial shipping industry which is subject to economic fluctuations.
  • Potential regulatory changes affecting international travel.
  • Competition from other travel service providers.
  • Operational risks associated with managing travel logistics.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

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.

Founded2021-09-01
HeadquartersMumbai, India
IndustryMaritime Travel
Websitehttps://fhmtravels.in

Objects of the Issue

  • Funding working capital requirements of the Company
  • Repayment and/or pre-payment, in part, of borrowing availed by the Company
  • Towards Business Marketing and Development activities
  • General Corporate Purposes
  • Issue Expenses

Registrar & Allotment

RegistrarKfin Technologies Ltd.
Phone040-79615565
Email[email protected]

Resources & Documents

Frequently Asked Questions

11 answers about Fly Hi Maritime Travels Ltd IPO — dates, pricing, allotment and listing.

Fly Hi Maritime Travels Ltd IPO is a fixed price ipo of ₹53 crore. The issue was priced at ₹102 per share, with a lot size of 1,200 shares. Bidding ran from Tue, 01 Sep 2026 to Thu, 03 Sep 2026, with shares listed on BSE SME.

The price band was ₹102 per share.

One lot was 1,200 shares. Bids had to be placed in multiples of 1,200.

A retail investor needed at least ₹2,44,800 – one lot of 1,200 shares at ₹102.

Fly Hi Maritime Travels Ltd IPO opened on Tue, 01 Sep 2026 and closed on Thu, 03 Sep 2026.

Allotment was finalised on Fri, 04 Sep 2026.

Fly Hi Maritime Travels Ltd shares were listed on Tue, 08 Sep 2026 on BSE SME.

The company intended to use the net proceeds towards funding working capital requirements of the company, repayment and/or pre-payment, in part, of borrowing availed by the company, towards business marketing and development activities, general corporate purposes and issue expenses.

Corporate Makers Capital Ltd. is the book running lead manager. Kfin Technologies Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the Fly Hi Maritime Travels Ltd IPO subscription page, and on the BSE and NSE websites.

From Fri, 04 Sep 2026, check the Fly Hi Maritime Travels Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.