Fly-Hi Maritime Travels IPO to Open on September 1; Know Details
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Fly-Hi Maritime Travels is heading to the BSE SME platform with a Rs 52.63 crore IPO as the marine travel company looks to build on its sharp rise in profitability in FY26.
✨ Key Takeaways
Fly-Hi Maritime Travels Ltd is set to open its Rs 52.63 crore Initial Public Offering (IPO) on September 1, 2026. The fixed price issue will remain open for subscription until September 3, 2026, with the equity shares proposed to be listed on the BSE SME platform.
The IPO comprises a fresh issue of 41,60,400 equity shares worth Rs 42.43 crore and an Offer for Sale (OFS) of 9,99,600 equity shares worth Rs 10.19 crore. The OFS is being offered by promoter selling shareholder Jitendra Kumar Negi.
The company has fixed the IPO price at Rs 102 per equity share. The tentative listing date is September 8, 2026.
Fly-Hi Maritime Travels IPO: Key Details
The IPO will have a lot size of 1,200 equity shares. At the issue price of Rs 102 per share, investors will need to invest Rs 1,22,400 for one lot.
|
Particulars |
Details |
|
IPO Open |
September 1, 2026 |
|
IPO Close |
September 3, 2026 |
|
Issue Price |
Rs 102 per equity share |
|
Issue Size |
Rs 52.63 crore |
|
Fresh Issue |
Rs 42.43 crore |
|
Offer for Sale |
Rs 10.19 crore |
|
Lot Size |
1,200 equity shares |
|
Proposed Listing |
BSE SME |
|
Tentative Listing Date |
September 8, 2026 |
|
Book Running Lead Manager |
Corporate Makers Capital Ltd |
|
Registrar |
KFin Technologies Ltd |
Fly-Hi Maritime Travels Financial Performance
Fly-Hi Maritime Travels Ltd has reported an improvement in revenue and profitability over the reported financial periods.
For the financial year ended March 31, 2024, the company reported revenue of Rs 45.41 crore and profit after Tax of Rs 1.82 crore.
For the financial year ended March 31, 2025, revenue stood at Rs 45.75 crore, while profit after tax increased to Rs 3.44 crore.
The company reported a further improvement in financial year 2026, with revenue rising to Rs 62.21 crore and profit after tax reaching Rs 8.43 crore. The company reported a profit after tax margin of 13.58 per cent for FY26.
According to the company, its return on equity stood at 44.08 per cent and return on capital employed at 45.18 per cent for FY25. Its net worth also increased from Rs 4.50 crore in FY23 to Rs 10.97 crore in Q1 FY26.
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What Does Fly-Hi Maritime Travels Do?
Fly-Hi Maritime Travels Ltd operates in the specialised marine travel management segment. The company manages travel arrangements for crew members of commercial shipping companies, helping them travel from their home countries to ports where they are scheduled to board vessels.
Its services include airline ticketing, ground transportation, hotel accommodation, visa assistance, immigration support, travel monitoring, emergency assistance and boarding confirmation.
The company operates through a centralised setup in Mumbai and works with a network of travel service providers. It also has a distributor in Dubai to cater to certain international customer requirements.
Fly-Hi Maritime Travels Ltd is an IATA-accredited entity and focuses on managing crew movements in line with vessel schedules and operational requirements.
Where Will Fly-Hi Maritime Travels Use IPO Proceeds?
The company plans to use the net proceeds from the fresh issue for several purposes. These include funding working capital requirements, repayment or part-prepayment of borrowings, business marketing and development activities and general corporate purposes.
The fresh issue will bring new funds into the company, while the proceeds from the OFS will go to the selling shareholder.
Disclaimer: The article is for informational purposes only and not investment advice.