SME NSE • BSE Financial Services

Fly-Hi Maritime Travels Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

IPO Closed
Price Band ₹102 per share per share
Lot Size 2400 Shares
Min. Investment ₹244800
Issue Size ₹52.63 Cr
Face Value ₹5
IPO Open 01 September 2026
IPO Close 03 September 2026
Allotment 04 Sep 2026
Listing 08 Sep 2026
Live demand

Subscription status for Fly-Hi Maritime Travels Ltd IPO

As of 06 Sep 26, 8:59 PM. Will get Updated in every 30 minutes

QIB -

Qualified Institutional Buyers

NII -

Non-Institutional Investors

Retail -

Retail Individual Investors

Total -

Across all investor categories

Key dates

IPO schedule for Fly-Hi Maritime Travels Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 01 Sep 2026
IPO Close 03 Sep 2026
Allotment 04 Sep 2026
Refund / Unblock 07 Sep 2026
Listing 08 Sep 2026
About the company

Who is Fly-Hi Maritime Travels Ltd ?

Fly-Hi Maritime Travels Limited was originally incorporated as a Private Limited Company under the name of 'Fly-Hi Maritime Travels Private Limited' on September 29, 2021 with the Central Registration Centre. Further, Company was converted into public limited and the name of the company was changed to 'Fly-Hi Maritime Travels Limited' dated December 08, 2025 issued by the RoC, Central Processing Centre.

Company manages end to end travel arrangements for crew of commercial shipping companies, ensuring that the crew members move seamlessly from their home country to the port of boarding. It manage their airline tickets, ground travel, hotel stay, visa application etc until they reach the desired port of boarding. Every movement of the crew members directly impacts the vessel schedules, compliances and operations.

The role of the Company is to absorb this complexity on behalf of shipping companies by planning and making completed travel arrangements for crew members and 24/7 support during their travel from their home country to port of boarding. Modern shipping fleets operate with crew of mixed nationalities and therefore each crew member have a travel itinerary to ensure their arrival to the port of boarding as per the desired time and schedule. It work with commercial shipping companies to move their crew from more than 7 countries and to the port of boarding, Company has commercial shipping companies as its customers from over 6 countries.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
FY 2024
Metric (₹ Cr)FY 2026FY 2025FY 2024
Total Income62.2145.7545.41
EBITDA12.975.783.09
PAT8.433.441.82
AUM37.9423.0016.47

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • Proven Track Record.
  • Experienced Management.
  • Establish Relationship with Customers.
  • Skilled and hardworking force.
  • Distributor for better customer servicing.
  • Business operations in outside India.

Risks

  • The company derives a significant portion of revenue from markets outside India and any adverse developments in such markets or policies could adversely affect its business and results of operations.
  • The company has executed agreements with its large clients. If the company's customers choose not to source their requirements from it, or the company is unable to procure new orders on a regular basis or at all, this may adversely affect its business, financial condition, results of operations and cash flows.
  • The Company's operations requires significant amount of working capital for a continuing growth. Its inability to meet the company's working capital requirements may adversely affect its results of operations.
  • The Company has delayed in complying with certain statutory provisions under various laws. Such delayed compliance/lapses may attract certain penalties.
  • There are certain discrepancies and non-compliances pertaining to GST, TDS, TCS, EPF and ESI noticed in some of the company's financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
  • The company requires working capital for its smooth day-to-day operations of business and any discontinuance or its inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on the company's operations, profitability and growth prospects.
  • The company's majority of the business is dependent on an exclusive distributor appointed by it to work exclusively for the company and who contributes to majority of its revenues from operations. Any dispute or due to inferior service provided by them to the company's customers or any other sort of disruption may result in loss of business for the company and may adversely affect its revenues and profitability.
  • The company's business depends on its relationships with a limited range of suppliers i.e. third party vendors, and any adverse changes in such relationships, or the company's inability to enter into new relationships, could adversely affect its business and results of operations.
  • Few of the company's License and registration is registered in the name of erstwhile Fly-Hi Maritime Travels Private Limited and certain certificates or registration is yet to be applied with concerned authorities for amendment or new certificates or renewal.
  • The company depends on its third-party service providers and vendors/suppliers in certain aspects of the company's operations and unsatisfactory services provided by them or failures to maintain relationships with them could disrupt its operations.

Fly-Hi Maritime Travels Ltd IPO — frequently asked questions

The Fly-Hi Maritime Travels Ltd IPO opens on 01 September 2026 and closes on 03 September 2026. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for Fly-Hi Maritime Travels Ltd IPO is Rs 102 to Rs 102 per share. The lot size is 2400 shares per lot, requiring a minimum investment of Rs 244800 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 2400 lots as per SEBI guidelines.
You can apply for the Fly-Hi Maritime Travels Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select Fly-Hi Maritime Travels Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 03 September 2026 at 5:00 PM.
Allotment for Fly-Hi Maritime Travels Ltd IPO is scheduled on 04 Sep 2026. Refunds or unblocking of funds for unsuccessful applicants will be processed on 07 Sep 2026. The shares are expected to list on 08 Sep 2026. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the Fly-Hi Maritime Travels Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your Fly-Hi Maritime Travels Ltd IPO bid before the subscription window closes on 03 September 2026 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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