Fly-Hi Maritime IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.00x | 0.13x | 0.69x |
| Retail | 0.02x | 0.14x | 3.65x |
| Total | 0.01x | 0.14x | 2.17x |
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 45.41 | 45.75 | 62.21 |
| Expense | 42.87 | 41.03 | 50.85 |
| Profit (PAT) | 1.82 | 3.44 | 8.43 |
| Total Assets | 16.47 | 23.00 | 37.94 |
Strengths & Risks
- Revenue grew 36% in the latest reported year.
- Solid profit margin — 13.6%.
- Strong return on equity — 61%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Fly-Hi Maritime
Fly-Hi Maritime Travels, founded in September 2021, is a Maritime travel company that helps commercial shipping companies manage their complete travel and transportation needs. The firm handles all travel arrangements for seafarers, helping them transport goods 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 firm offers customized travel services such as Global crew ticketing, visa and immigration coordination, OK-to-board confirmations, Real-time travel monitoring, Disruption handling, emergency support, and Boarding confirmation. Fly-Hi Maritime Travels provides its services to commercial shipping companies in more than 6 countries: Cyprus, Greece, the USA, UK, Singapore, UAE, and India.
Company Contact Information
Fly-Hi Maritime Travels Ltd., SF-04, 2nd Floor, Vasant Square Mall, Vasant Kunj, New Delhi, New Delhi, 110070
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 | 4.00 |
| Towards Business Marketing and Development activities | 1.80 |
| General Corporate Purposes | 6.37 |
| Issue Expenses | 6.03 |
Resources & Documents
Fly-Hi Maritime IPO - Quick Take
Fly-Hi Maritime has fixed the issue price at Rs 102 per share for an issue size of Rs 53 crore. The stock listed with a 20.00% discount versus its issue price on September 08, 2026.
The issue is promoted by Jitendra Kumar Negi and Mridul Dilip Singhvi with Corporate Makers Capital Ltd. acting as lead manager. Net proceeds will primarily be used towards funding working capital requirements of the Company (Rs 24 crore) and repayment and/or pre-payment, in part, of borrowing availed by the Company (Rs 4 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 12.13x. On fundamentals, the company is posting revenue growth of 36.0%, a profit margin of 13.6%, return on equity of 61.3% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Fly-Hi Maritime IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; Fly-Hi Maritime listed 20% below its issue price.
See the full Fly-Hi Maritime GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
Same sector or same stage as Fly-Hi Maritime
No comments yet. Be the first to share your opinion!