Fly-Hi Maritime Travels
OPENIPO Date: 1 Sept - 3 Sept 2026
Listing Date: 8 Sept 2026
Price Range
Rs.102 - Rs.102
Issue Size
53 Cr
Min Investment
₹1,22,400
Lot Size
1200 Shares
Schedule of Fly-Hi Maritime Travels
Issue open date
1 Sept 2026
Issue close date
3 Sept 2026
UPI mandate deadline
3 Sept 2026 (5 PM)
Allotment finalization
4 Sept 2026
Share credit
7 Sept 2026
Listing date
8 Sept 2026
Mandate end date
18 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 53 Cr |
| Fresh Issue | 42.44 Cr |
| Offer for Sale | 10.2 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 4 Sept 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 2 Sept 2026 | ₹102 | ₹12 | ₹114 (12.25%) |
| 31 Aug 2026 | ₹102 | ₹5 | ₹107 (4.9%) |
Performance Fly-Hi Maritime Travels
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.102 - Rs.102 | .... | .... | .... |
About Fly-Hi Maritime Travels
Fly-Hi Maritime Travels Limited is a marine travel company engaged in managing end-to-end travel arrangements for crew members of commercial shipping companies. The company was incorporated in September 2021 and was converted into a public limited company in December 2025. The company manages various aspects of crew travel, including airline tickets, ground transportation, hotel accommodation, and visa applications, to facilitate the movement of crew members from their home countries to their designated ports of boarding. The company works with commercial shipping companies across more than six countries and focuses exclusively on addressing the travel requirements of maritime crew. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes: Funding working capital requirements of the company — Rs 24.24 crore Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the company — Rs 4 crore Towards talent acquisition for business marketing and development activities — Rs 1.80 crore General corporate purposes — Rs 6.36 crore
| Founded in | 2021 |
| Managing director | Mr Jitendra Kumar Negi |
| Parent organization |
Financial Overview
Strengths
- Provides comprehensive end-to-end travel solutions for shipping crews.
- Ensures continuous 24/7 travel and transit support for crew members.
- Strong established relationships with large commercial shipping clients.
- Led by highly experienced promoters with deep maritime industry knowledge.
- Effectively absorbs logistical complexities to prevent vessel schedule delays.
Risks
- High revenue dependence on international markets, particularly the UAE.
- Significant revenue concentration from a limited number of top customers.
- Heavy operational reliance on a single exclusive overseas distributor.
- Business requires substantial and continuous working capital to function.
- Pending trademark litigation over the “FLY HI” brand name.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |