SME
IPO ·
BSE SME
Fly-Hi Maritime Travels Ltd
Listed
Incorporated in September 2021, Fly-Hi Maritime Travels Limited is a specialized maritime travel company engaged in providing end-to-end crew travel and mobility solutions for commercial shipping companies.
Issue details
Price band
₹102
Face value
₹5
Lot size
1,200 shares
Minimum investment
₹2,44,800
Issue size
₹52.63 Cr
Fresh issue
₹39.74 Cr
Offer for sale
₹10.20 Cr
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
1 Sep 2026
Closes
3 Sep 2026
UPI mandate cut-off
5:00 PM on 3 Sep 2026
Allotment
4 Sep 2026
Refunds
7 Sep 2026
Shares in demat
7 Sep 2026
Listing
8 Sep 2026
Subscription and listing
Subscription
2.13x
Listing price
₹81.60
Registrar
Kfin Technologies Ltd
Lead manager
Corporate Makers Capital
Subscription by category
Total
2.13x
Total applications
4,036
Listing day
Issue price
₹102
Open
₹81.60
High
₹81.60
Low
₹77.55
Day close
₹77.55
Listing gain at open
-20.00%
Issue structure
Shares reserved per category and share of the total issue
NII
24,48,000
47.44%
Retail
24,48,000
47.44%
Market Maker
2,64,000
5.12%
Total
51,60,000
100.00%
Finaccle’s quick read
Apply
FY26 income up 36%, PAT up 145%, ROE 61.29%, D/E 0.72, post-issue P/E 17.17x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in September 2021, Fly-Hi Maritime Travels Limited is a specialized maritime travel company engaged in providing end-to-end crew travel and mobility solutions for commercial shipping companies. The Company manages travel arrangements for seafarers 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 Company offers customized travel solutions designed around vessel schedules, crew joining windows and the requirements of multinational shipping crews.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
61.29%
ROCE
67.22%
Debt / equity
0.72
PAT margin
13.58%
P/E post issue
17.17
Market cap
₹144.64 Cr
Use of IPO money
Funding working capital requirements of the Company
₹24.24 Cr
Repayment and/or pre-payment, in part, of borrowing availed by the Company
₹4.00 Cr
Towards Business Marketing and Development activities
₹1.80 Cr
General Corporate Purposes
₹6.37 Cr
Issue Expenses
₹6.03 Cr
Strengths
✓
Customized travel planning and 24/7 operational support
✓
IATA accreditation and international servicing capabilities
✓
Revenue up 36% in FY26 to ₹62.21 Cr
✓
PAT up 145% in FY26 to ₹8.43 Cr
✓
PAT margin of 13.58%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.