Fly-Hi Maritime IPO
Fly-Hi Maritime Travels, founded in September 2021, is a Maritime travel company that helps commercial shipping companies manage their complete travel and transportation needs. The firm handles all travel arrangements for seafarers, helping them transport goods 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.
IPO GMP
+₹1
+1% expected gain
Price Band
₹102
Lot Size
2400 shares
Min Investment
₹2,44,800
Listing Date
September 8, 2026
About Fly-Hi Maritime
Company overview, business, and key facts.
Fly-Hi Maritime Travels, founded in September 2021, is a Maritime travel company that helps commercial shipping companies manage their complete travel and transportation needs. The firm handles all travel arrangements for seafarers, helping them transport goods 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.
The firm offers customized travel services such as Global crew ticketing, visa and immigration coordination, OK-to-board confirmations, Real-time travel monitoring, Disruption handling, emergency support, and Boarding confirmation. Fly-Hi Maritime Travels provides its services to commercial shipping companies in more than 6 countries: Cyprus, Greece, the USA, UK, Singapore, UAE, and India.
Founded
2021
Headquarters
New Delhi
Promoters
Jitendra Kumar Negi, Mridul Dilip Singhvi
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: Neutral
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Fly-Hi Maritime IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹144.6 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
17.2x
Price to sales
2.32x
Revenue growth, 2026
+36%
17% a year over the period
Profit growth, 2026
+145.1%
115.2% a year over the period
Profit margin (PAT)
13.6%
EBITDA margin 20.14%
ROE / ROCE
61.29% / 67.22%
As published in the offer document
Debt to equity
0.72
Promoter holding
80% → 49.48%
Before → after the IPO
Issue mix
80.6% fresh / 19.4% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹2,400
2400 shares on ₹2,44,800. GMP is unofficial.
What stands out
- Profit grew 145.1% in 2026.
Watch-outs
- Promoter holding drops to 49.48% after the IPO.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Fly-Hi Maritime's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Fly-Hi Maritime IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Fly-Hi Maritime IPO is trading at a grey market premium (GMP) of +₹1 (+1% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 2.12x overall — QIB: —, NII: 0.58x, Retail: 3.65x.
Fly-Hi Maritime IPO subscription has closed. The shares are expected to list on September 8, 2026.
The minimum investment required is ₹2,44,800 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: Neutral.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Fly-Hi Maritime IPO — Frequently Asked Questions
What is Fly-Hi Maritime IPO GMP today?
Fly-Hi Maritime IPO GMP (grey market premium) today is +₹1, suggesting an estimated listing gain of +1%. GMP is indicative and subject to change.
What is the price band of Fly-Hi Maritime IPO?
The price band for Fly-Hi Maritime IPO is ₹102 with a lot size of 2400 shares. The minimum investment required is ₹2,44,800.
When is Fly-Hi Maritime IPO allotment date?
Fly-Hi Maritime IPO allotment is expected to be finalised on September 4, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Fly-Hi Maritime IPO list on NSE/BSE?
Fly-Hi Maritime IPO is expected to list on BSE SME on September 8, 2026.
How to check Fly-Hi Maritime IPO allotment status?
To check Fly-Hi Maritime IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Fly-Hi Maritime IPO?
Fly-Hi Maritime IPO has a GMP of +₹1. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Fly-Hi Maritime IPO?
The lot size for Fly-Hi Maritime IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,44,800. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.