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Fly-Hi Maritime Travels IPOLISTED

BSESMEFixed Price Issue

Fly-Hi Maritime Travels Limited provides end-to-end crew travel and mobility solutions for global shipping companies, including ticketing, visas, hotels and ground transport.

Compare

Listing price

₹81.6

Listing gain

-20.00%

Current

₹81.6

Listed

08 Sept 26

Opens

01 Sept 26

Closes

03 Sept 26

Allotment

04 Sept 26

Refund

07 Sept 26

Demat

07 Sept 26

Listing

08 Sept 26

Listed at

₹81.6

-20.00% on 08 Sept 26

Min. investment₹2,44,800

Subscribed2.17x

Track in the app

Overview

Price band

₹102

Lot size

1200 shares

Min. investment

₹2,44,800

Issue size

₹52.63 Cr

51.60 L shares

Fresh issue

₹42.44 Cr

41.60 L shares

Offer for sale

₹10.19 Cr

10.00 L shares

Face value

₹5 / share

Issue type

Fixed Price Issue

Listing at

BSE

Reservation

Market Maker 5.12%NII 47.44%Individual 47.44%

Category	Shares offered	% of issue
Market Maker	2,64,000	5.12%
NII (HNI)	24,48,000	47.44%
Individual	24,48,000	47.44%
Total	51,60,000	100%

Lot size & investment

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,44,800
Retail (Max)	2	2,400	₹2,44,800
S-HNI (Min)	3	3,600	₹3,67,200

Listing performance

NSE/BSE: FLYHIMARITIMETRAVELS

Listing gain

−20.00%

Gain per retail lot

₹-48,960

Latest vs issue

—

GMP was

—

₹102

₹81.6−20.00%

Issue price

Listing price

Latest price appears here during market hours.

Subscription

04 Sept, 12:00 am

Oversubscribed 2.17 times · 4,055 applications

NII (HNI)

0.69x

Retail

3.66x

Total

2.17x

Total applications

4,055

Total bid amount

₹109 Cr

Category breakdown

Category	Shares offered	Shares bid	Times	Bid amount
NII (HNI)	24,48,000	16,86,000	0.69x	₹17.2 Cr
Retail	24,48,000	89,59,200	3.66x	₹91.38 Cr
Total	48,96,000	1,06,45,200	2.17x	₹109 Cr

Application-wise breakup

Category	Applications reserved	Applied	Times
S-HNI	680	248	0.36x
Retail	1,020	3,742	3.67x

Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).

Financials

(₹ in crores)

Key performance indicators

As of 31 Mar 2026

ROE

61.29%

PAT Margin

13.58%

ROCE

67.22%

EBITDA Margin

20.14%

Debt to Equity Ratio

0.72

Price to Book Value

5.69

RoNW

61.29%

Valuation vs listed peers

EPS Pre IPO

₹8.41

EPS Post IPO

₹5.94

P/E Pre IPO

12.13

P/E Post IPO

17.17

Buzz AI analysis

From this IPO's filings and market data · educational, not investment advice

Revenue growth FY24 → FY26

+37.0%

Profit growth FY24 → FY26

+363.2%

ROCE

67.22%

PAT margin 13.6% and ROCE 67.2%.

Strengths & risks

Experienced Management with strong industry expertise.
Established Customer Relationships supporting repeat business.
Skilled Workforce supporting specialised crew travel services.
UAE Distributor supporting better customer servicing.
International Presence with operations across overseas markets.

5.9/10

Buzz score · Neutral

From GMP, subscription and issue size

Financials7.2

Growth5.0

Business7.6

Demand4.7

Risk7.2

Objects of the issue

Purpose	Amount (₹ Cr)
Funding working capital requirements of the Company.	24.24
Repayment and/or pre-payment, in part, of borrowing availed by the Company.	4
Towards Business Marketing and Development activities.	1.8
General Corporate Purposes.	6.37
Issue Expenses.	6.03

Company & documents

Fly-Hi Maritime Travels Ltd is a specialised marine travel management company providing end-to-end travel arrangements for commercial shipping crews, including airline ticketing, ground transportation, hotel stays, and visa applications. The company supports seamless crew movement from home countries to ports of boarding with 24/7 travel assistance.

The company offers global crew ticketing, route planning, visa and immigration support, real-time travel monitoring, emergency assistance, and boarding confirmation. Its operations are supported by third-party travel service providers and a distributor in the UAE for international requirements.

Fly-Hi Maritime Travels Ltd works with commercial shipping companies to move crew from more than seven countries and has customers from more than six countries. The company is also IATA-accredited.

As on December 16, 2025, the company had a total workforce of 47 employees, excluding the Non-Executing Independent Director.

Registrar

Kfin Technologies Ltd.

Phone: 040-79615565

Email: flyhi.ipo@kfintech.com

Web: https://ipostatus.kfintech.com/

Company contact

Fly-Hi Maritime Travels Ltd.

SF-04 2nd Floor Vasant Square Mall, Vasant Kunj New Delhi, New Delhi, 110070

Phone: +91-9152110080

Email: cs@fhmtravels.in

Web: https://fhmtravels.in/