Fly-Hi Maritime IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| 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 |
Promoters: Jitendra Kumar Negi and Mridul Dilip Singhvi
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.
Our metrics didn't flag a major concern for Fly-Hi Maritime from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
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
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.
| 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 Travels Ltd., SF-04, 2nd Floor, Vasant Square Mall, Vasant Kunj, New Delhi, New Delhi, 110070
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.
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 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).
Grey market is quoting a premium of +Rs 1 (+1.0% over issue price), down Rs 8 from the previous session. Final subscription data records overall subscription at 2.17x, retail at 3.65x, NII at 0.69x.
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.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Fly-Hi Maritime IPO GMP — What It Means
The latest grey market premium for Fly-Hi Maritime IPO is ₹1 (+1.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Fly-Hi Maritime it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Fly-Hi Maritime GMP history and trend, or learn how grey market premium works and how reliable it is.
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