Fly-Hi Maritime Travels Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | 0.58x | 2,448,000 | 1,422,000 | ₹25 Cr |
| Retail | 3.66x | 2,448,000 | 8,959,200 | ₹25 Cr |
| Market Maker | — | 264,000 | — | ₹3 Cr |
| Σ Total | 2.12x | 4,896,000 | 10,381,200 | ₹50 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹122,400 |
| Retail (Max) | 13 | 15,600 | ₹1,591,200 |
| S-HNI (Min) | 14 | 16,800 | ₹1,713,600 |
| B-HNI (Min) | 67 | 80,400 | ₹8,200,800 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 62 | 46 | 45 |
| EBITDA | 12 | 5 | 3 |
| Profit After Tax | 8 | 3 | 2 |
| Net Worth | 18 | 10 | 6 |
| Total Assets | 38 | 23 | 16 |
| Reserves & Surplus | 13 | 10 | 6 |
| Total Borrowing | 13 | 6 | 5 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 – 1.80
- General Corporate Purposes – 6.37
- Issue Expenses – 6.03
Company Overview
Incorporated in September 2021, 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. The Company manages travel arrangements for seafarers 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 Company offers customized travel solutions designed around vessel schedules, crew joining windows and the requirements of multinational shipping crews. Its services include global crew ticketing, visa and immigration coordination, OK-to-board confirmations, real-time travel monitoring, disruption handling, emergency support and boarding confirmation. The Company operates through a centralized operational model, with its operations managed from its Mumbai corporate office, while also having a distributor in the UAE to support certain international customers.
Fly-Hi Maritime Travels serves commercial shipping companies across more than six countries, including Cyprus, Greece, the USA, the UK, Singapore, UAE and India. The Company is an International Air Transport Association (IATA) accredited company and its registered office has been recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
As of July 31, 2026, the Company had a workforce of 54 employees across travel operations, marketing and sales, visa operations, finance, IT, HR and other support functions.
Competitive 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.