Fly-Hi Maritime Travels Ltd IPO: Strong Profit Growth, GMP & Complete IPO Details

Fly-Hi Maritime Travels Ltd IPO: Strong Profit Growth, GMP & Complete IPO Details

Fly-Hi Maritime Travels Ltd IPO is a fixed-price SME IPO that gives investors an opportunity to invest in a company operating in the maritime crew travel and travel management segment. The company provides travel-related services such as air ticketing, accommodation, visa assistance and ground transportation for crew members of commercial shipping companies. The IPO is scheduled to open on September 1, 2026, and close on September 3, 2026. The shares are proposed to be listed on the BSE SME platform.

Fly-Hi Maritime Travels IPO Details

Particulars	Details
Company Name	Fly-Hi Maritime Travels Ltd
IPO Type	SME IPO
Issue Type	Fixed Price Issue
IPO Opening Date	September 1, 2026
IPO Closing Date	September 3, 2026
Face Value	₹5 per share
Issue Price	₹102 per share
IPO Size	₹52.63 Crore
Fresh Issue	41.60 lakh shares
Offer for Sale	9.99 lakh shares
Lot Size	1,200 shares
Minimum Investment	₹2,44,800
Allotment Date	September 4, 2026
Refund Date	September 7, 2026
Demat Credit	September 7, 2026
Tentative Listing Date	September 8, 2026
Listing Platform	BSE SME
Registrar	KFin Technologies Ltd
Lead Manager	Corporate Makers Capital Ltd

Fly-Hi Maritime Travels Ltd IPO GMP

The Grey Market Premium (GMP) is an unofficial indicator of market sentiment towards an IPO. For Fly-Hi Maritime Travels IPO, the reported GMP was around ₹5 against the issue price of ₹102 per share. Based on this GMP, the implied listing price could be around ₹107, although this is only an indicative estimate.

Fly-Hi Maritime Travels Ltd Past Performance

Particulars	FY2024	FY2025	FY2026
Revenue from Operations	₹45.08 Cr	₹45.40 Cr	₹62.04 Cr
Total Income	₹45.20 Cr	₹45.55 Cr	₹62.21 Cr
Profit Before Tax (PBT)	₹2.42 Cr	₹4.55 Cr	₹11.11 Cr
Profit After Tax (PAT)	₹1.82 Cr	₹3.44 Cr	₹8.43 Cr
Total Assets	₹17.84 Cr	₹27.15 Cr	₹41.65 Cr
Net Worth	₹8.38 Cr	₹11.82 Cr	₹25.05 Cr
Total Borrowings	₹4.97 Cr	₹6.92 Cr	₹5.68 Cr
EPS	₹2.43	₹4.59	₹10.83
ROE	21.72%	29.10%	33.65%
ROCE	20.13%	27.75%	39.78%

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Fly-Hi Maritime Travels Ltd IPO Strengths

Specialised business segment: The company operates in the maritime crew travel and travel-management industry.
Growing revenue and profit: The company recorded strong improvement in its financial performance in FY2026.
International operations: It serves shipping companies and crew members associated with international maritime operations.
Debt repayment: Part of the IPO proceeds will be used for repayment/prepayment of borrowings.
Working capital support: Fresh issue proceeds will strengthen the company’s working capital position.

Fly-Hi Maritime Travels IPO Risks

The company operates in a niche maritime travel segment, which may limit the overall addressable market.
Its business is influenced by conditions in the global shipping and maritime industry.
SME-listed shares may have lower liquidity and higher price volatility.
The company requires working capital to support its operations and growth.
GMP is unofficial and may change significantly before listing.
Investors should consider the relatively high minimum investment requirement for the SME IPO.
Fly-Hi Maritime Travels Past Performance

Fly-Hi Maritime Travels Ltd Vision

Fly-Hi Maritime Travels Ltd aims to become a trusted global maritime travel service provider by offering reliable, efficient and cost-effective travel solutions for seafarers and shipping companies.

Conclusion

The Fly-Hi Maritime Travels Ltd IPO offers investors an opportunity to participate in a niche maritime travel business with improving revenue and profitability. However, as an SME IPO, it also carries risks related to liquidity, market volatility and industry conditions. Investors should carefully evaluate the company’s financial performance, valuation and IPO documents before making an investment decision.

FAQs

1. When does the Fly-Hi Maritime Travels IPO open?

Ans: The IPO opens on September 1, 2026.

2. When is the last date to apply for the IPO?

Ans: The IPO closes on September 3, 2026.

3. What is the issue price of Fly-Hi Maritime Travels IPO?

Ans: The issue price is ₹102 per equity share.

4. What is the lot size of Fly-Hi Maritime Travels IPO?

Ans: The IPO lot size is 1,200 shares. The current minimum retail application is 2,400 shares, requiring ₹2,44,800.

5. When will Fly-Hi Maritime Travels shares be listed?

Ans: The tentative listing date is September 8, 2026, on the BSE SME platform.

Disclaimer: This article is for educational purposes only. IPO details, GMP and financial data may change. Investors should verify official information before investing.