Smart Market Insights
Fly-Hi Maritime Travels IPO Details: Key Dates, Price Band & Investment Overview
By Wealthova | Last Updated: September 1, 2026
Fly-Hi Maritime Travels Limited, an established player in the specialized marine travel management sector, is gearing up to make its primary market debut with an upcoming ₹52.63 Crore SME IPO. Headquartered in Mumbai, Maharashtra, the company focuses on providing end-to-end global travel arrangements for the crew of commercial shipping companies. Operating a highly coordinated business model, Fly-Hi Maritime Travels provides comprehensive mobility solutions, including airline ticketing, ground transportation, hotel accommodations, visa assistance, and emergency travel support. The subscription window for this fixed-price issue opens on September 1, 2026, and closes on September 3, 2026. The issue is priced at ₹102 per equity share, comprising a fresh issue of ₹42.44 Crore (41.60 lakh shares) alongside an Offer for Sale (OFS) component of ₹10.20 Crore (10.00 lakh shares). The company plans to utilize the fresh capital primarily to fund its working capital requirements, repay outstanding borrowings, support business marketing and development activities, and for general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this niche, IATA-accredited travel management enterprise. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
Fly-Hi Maritime Travels IPO Details
Quick IPO Factsheet
September 1, 2026
September 3, 2026
₹102 Fixed Price
1,200 Shares
(Min. 2 Lots for Retail)₹52.63 Cr
₹42.44 Cr
50% Allocation
₹5 Base
SME (BSE SME)
Fly-Hi Maritime Travels IPO Timeline
Deep-Dive Corporate Profile: What Does Fly-Hi Maritime Travels Limited Do?
Incorporated in 2021, Fly-Hi Maritime Travels Limited is a specialized maritime travel management company. The enterprise provides comprehensive, end-to-end travel and mobility solutions specifically designed for the crew members of commercial shipping companies. Their core focus is facilitating the seamless global movement of seafarers from their home countries directly to vessel boarding locations across international maritime routes.
Their core operational model and business highlights include:
- Comprehensive Logistics Solutions: The company manages a full suite of services including specialized airline ticket bookings, ground transportation, hotel accommodations, visa processing, immigration assistance, OK-to-Board clearances, and transit arrangements.
- Centralized Yet Global Operations: While operations are centrally managed from their Mumbai headquarters, the company leverages a robust international network of travel service providers and maintains a key distributor in Dubai (UAE) to seamlessly service global clients.
- 24x7 Emergency Support: Understanding the highly dynamic and time-sensitive nature of commercial shipping, the company provides round-the-clock support to handle medical emergencies, urgent crew replacements, travel disruptions, and operational contingencies.
- Industry Accreditation: The company operates as a fully IATA-accredited entity, ensuring compliance, reliability, and strong airline relationships for complex international ticketing and crew mobilization.
Why is the Company Raising Funds? (Objects of the Issue)
The Fly-Hi Maritime Travels IPO comprises a total issue size of ₹52.63 Crore, structured as a ₹42.44 Crore Fresh Issue and a ₹10.20 Crore Offer for Sale (OFS). The OFS proceeds will go directly to the selling shareholders, while the net proceeds from the fresh issue will be utilized by the company.
The company intends to deploy the fresh capital across the following strategic objectives:
- Funding Working Capital Requirements (₹24.24 Crore): The majority of the proceeds will be injected directly into the business to support day-to-day operations and finance the heavy working capital cycle needed to handle high-volume international bookings.
- General Corporate Purposes (₹6.37 Crore): A strategic reserve allocated to manage operational contingencies, drive future growth, and support broad corporate functions.
- Issue Expenses (₹6.03 Crore): Strictly allocated to cover the administrative, legal, and merchant banking costs associated with floating the public issue on the BSE SME platform.
- Repayment of Borrowings (₹4.00 Crore): Capital dedicated to the pre-payment or repayment of outstanding debts, helping to deleverage the balance sheet and reduce interest overheads.
- Business Marketing and Development (₹1.80 Crore): Funds earmarked for talent acquisition, expanding their global marketing footprint, and securing new international shipping clientele.
Company Financials
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹45.41 | ₹6.09 | ₹1.82 | ₹16.47 |
| FY 2025 | ₹45.75 | ₹9.53 | ₹3.44 | ₹23.00 |
| FY 2026 | ₹62.21 | ₹17.96 | ₹8.43 | ₹37.94 |
Fly-Hi Maritime Travels IPO Key Performance Indicators (KPIs)
| Financial KPI (FY26)* | Value |
|---|---|
| Return on Equity (ROE) | 61.29% (FY26) |
| Return on Capital Employed (ROCE) | 67.22% (FY26) |
| EBITDA Margin | 20.14% (FY26) |
| PAT Margin | 13.58% (FY26) |
| Debt to Equity Ratio | 0.72 (FY26) |
| Return on Net Worth (RoNW) | 61.29% (FY26) |
| Earnings Per Share (EPS) | ₹8.41 (Pre-IPO) | ₹5.94 (Post-IPO) |
| Price/Earning (P/E) Ratio | 12.13x (Pre-IPO) | 17.17x (Post-IPO) |
| Net Asset Value (NAV) | ₹17.92 (Pre-IPO) |
Promoters & Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 80.00% | 49.48% |
| Public / Institutional / Others | 20.00% | 50.52% |
Fly-Hi Maritime Travels Limited is promoted by Jitendra Kumar Negi. Prior to this issue, the promoter group held a dominant 80.00% equity stake. Post-issue, factoring in the ₹42.44 Crore fresh equity dilution alongside the ₹10.20 Crore Offer for Sale (OFS), the promoter holding will adjust to 49.48%. The strategic allocation of ₹24.24 Crore strictly towards incremental working capital highlights their intent to aggressively fund high-volume international ticketing and transit accommodations for their B2B commercial shipping clients, ensuring seamless scalability of their maritime mobility solutions.
Industry Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | RoNW (%) |
|---|---|---|---|
| Fly-Hi Maritime Travels Ltd (IPO) | 5.94 | 17.17x | 61.29% |
| Listed Industry Peers | N/A | N/A | N/A |
*As per the official RHP, there are no listed companies in India whose business operations or scale are directly comparable to Fly-Hi Maritime Travels Limited.
IPO Strengths & Key Risks
Smart Market Insights
Fly-Hi Maritime Travels Limited operates a highly specialized B2B mobility platform catering exclusively to the commercial shipping industry. Providing end-to-end travel solutions for seafarers—including complex marine airfares, emergency crew change logistics, port transit transfers, and visa documentation—the company serves as a mission-critical partner for global ship management companies. This niche domain focus enabled substantial revenue growth in FY26, with total income expanding to ₹62.21 Crore (up from ₹45.75 Crore in FY25), while Profit After Tax (PAT) surged more than fourfold from ₹1.82 Crore in FY24 to ₹8.43 Crore in FY26.
From an operational efficiency perspective, the company boasts exceptional return metrics, delivering a Return on Capital Employed (ROCE) of 67.22% and a Return on Equity (ROE) of 61.29% in FY26, supported by healthy EBITDA margins of 20.14%. The ₹52.63 Crore IPO includes a ₹42.44 Crore fresh issue and a ₹10.20 Crore Offer for Sale (OFS). Deploying ₹24.24 Crore into working capital and ₹4.00 Crore into debt reduction will provide the liquidity required to manage large airline booking floats and lower finance charges. However, investors must keep critical risk factors in mind: heavy vulnerability to global maritime and geopolitical disruptions (such as canal bottlenecks and airspace closures), client concentration within the shipping trade, and airline commission/ticketing policy shifts.
At the fixed issue price of ₹102 per share, Fly-Hi Maritime Travels is valued at a post-IPO P/E multiple of 17.17x (based on FY26 post-issue EPS of ₹5.94). For an asset-light, IATA-accredited mobility player delivering over 60% ROCE and strong margin expansion, the pricing is fair and leaves room for medium-term upside. Given the mandatory minimum retail ticket size of ₹2,44,800 (2 lots / 2,400 shares), this issue is a solid SUBSCRIBE candidate for investors looking for high-return SME exposure.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
Fly-Hi Maritime Travels IPO Key Contacts & Advisors
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
Kfin Technologies Limited
Selenium, Tower B, Plot No- 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi, Telangana, India, 500032
Phone: +91-40-6716-2222
Email: flyhi.ipo@kfintech.com
Website: kfintech.com
|
| 🏢 Company Contact |
Fly-Hi Maritime Travels Limited
SF-04, 2nd Floor, Vasant Square Mall, Vasant Kunj, New Delhi, Delhi, India, 110070
Phone: +91-91521-10080
Email: cs@fhmtravels.in
Website: fhmtravels.in
|
| 💼 Merchant Bankers |
Corporate Makers Capital Limited
611, 6th Floor, Pragati Tower, Rajendra Place, New Delhi, Delhi, India, 110008
Phone: +91-11-4141-1600
Email: compliance@corporatemakers.in
Website: corporatemakers.in
|
Frequently Asked Questions (FAQs)
What are the opening and closing dates for the Fly-Hi Maritime Travels IPO?
What is the minimum lot size and investment required for retail investors?
How can I check the allotment status for the Fly-Hi Maritime Travels IPO?
- Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for instant verification.
- Official Registrar Portal: Visit the official allotment portal of Kfin Technologies Limited.
- Stock Exchange Portal: Verify directly on the official BSE IPO allotment status page.