Skip to main content
Fly-Hi Maritime Travels IPO
2.15xsubscribed

Fly-Hi Maritime Travels IPO

Travel Services
listed
₹2.45LMin. investment

Fly-Hi Maritime Travels Limited IPO Details

SectorTravel Services
Price range₹102 – ₹102
IPO type
SME
Lot size1200 shares
Issue size₹53Cr
Red Herring Prospectus
Read
Market cap
₹144.64CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹62.04CrLower than sector avg
Growth rate3Y CAGR
17.31%

Fly-Hi Maritime Travels IPO Subscription Status

Date
QIB
NII
Retail
Total
01-Sep-26
0.0 times (X)
0.0 times (X)
0.02 times (X)
0.01 times (X)
02-Sep-26
0.0X
0.13X
0.14X
0.14X
03-Sep-26
0.0X
0.69X
3.62X
2.15X

As on 01-Sep-26, 5:01 PM

Fly-Hi Maritime Travels IPO Timeline

  1. Pre-apply
    31 Aug 2026
  2. Bid start
    1 Sep 2026
  3. Bid end
    3 Sep 2026
  4. Allotment
    4 Sep 2026
  5. Release of funds
    7 Sep 2026
  6. Demat transfer
    7 Sep 2026
  7. Listing
    8 Sep 2026

About Fly-Hi Maritime Travels Limited

Fly-Hi Maritime Travels is a specialised travel management company engaged in providing end-to-end travel arrangement services for crew members of commercial shipping companies. The company is a niche travel management company specialising in providing end-to-end crew travel and mobility solutions for commercial shipping companies. Its service portfolio addresses the key requirements involved in crew travel and boarding. Its services include global crew ticketing, international and regional ticketing for multi-leg itineraries built around vessel schedules, route planning and travel design based on airline reliability, transit visa requirements and buffer timings, and visa & immigration coordination, coordinating transit visas across multiple nationalities with seafarers.
The company also provides OK to Board Confirmation by coordinating administrative clearances with port agents, Real-time travel monitoring & disruption handling by re-routing immediately wherever required, after-office-hours & Emergency Support by 24/7 handling of crew replacements and medical requirements, and boarding confirmation & journey closure by real-time verification of successful boarding. The company’s customer base remained highly concentrated in FY26, with the top 10 customers contributing 91.3% of total revenue, that is, ₹56.69 crore. The largest single customer contributed 46.5% of revenue at ₹28.90 crore.
Revenue of Fly-Hi Maritime Travels is mostly from international markets. The revenue outside India was 90.3% of total revenue in FY26 and stood at ₹56.03 crore. Domestic revenue was 9.6% or ₹5.99 crore. The UAE accounted for 56.6% of the company’s international revenue at ₹35.13 crore in international markets, followed by Cyprus with 29.4% or ₹18.28 crore and the UK with 3.2% or ₹2.02 crore. Maharashtra was the largest market in India with a share of 8.09% of total revenue at ₹5.01 crore, and Tamil Nadu with 1.4% or ₹0.92 crore. The company had 54 employees in different functions, excluding Non-Executive Independent Directors, as of July 31, 2026.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Fly Hi Maritime Travels Limited IPO

Working capital
57.10%
The company will utilise ₹24.23 crore for working capital requirements
General corporate purposes
15.00%
The amount utilised ₹6.36 crore for general corporate purposes.
Issue expenses
14.20%
The company will use ₹6.03 crore for IPO or issue-related expenses.
Repayment of loan
9.40%
The company will utilise ₹4 crore for partial or full prepayment/repayment of the borrowings
Marketing and development activities
4.20%
₹1.8 crore will be utilised for talent acquisition in marketing and business development.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹62.04Cr17.31%₹8.43Cr₹144.64Cr12.130.72
This sector (avg.)₹706.2Cr----₹218.22Cr₹5,446.1Cr39.130.26
₹4,674.77Cr---₹1,314.9Cr₹49,844Cr36.340.02
₹1,737.47Cr---₹229.89Cr₹14,832.1Cr62.600.18
₹914.25Cr---₹60.25Cr₹9,068.08Cr147.310.06

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Fly-Hi Maritime Travels IPO Contact Details

Company NameFly-Hi Maritime Travels Limited

How to apply for Fly-Hi Maritime Travels IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Fly Hi Maritime Travels Limited IPO FAQs