FLY HI MARITIME TRAVELS LIMITED
Closed1–3 Sep 2026
Updated 2026-09-04 (IST)
What FLY HI MARITIME TRAVELS LIMITED does
The company manages end-to-end travel arrangements for the crew of commercial shipping companies, ensuring seamless movement from their home country to the port of boarding, including airline tickets, ground travel, hotel stays, and visa applications.
FLY HI MARITIME TRAVELS LIMITED financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 45 | 45 | 62 | |
| Operating Profit | 3 | 5 | 12 | |
| OPM % | 5.9% | 11.6% | 20.1% | |
| Net Profit | 2 | 3 | 8 | |
| Total Debt | 5 | 10 | 13 |
FLY HI MARITIME TRAVELS LIMITED IPO offer structure
Total: ₹53 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funding Working Capital Requirements of our Company: ₹24 cr
- Repayment and/or pre-payment, in part, of borrowing availed by our Company: ₹4 cr
- Towards Talent Acquisition for Business Marketing and Development activities: ₹2 cr
- General Corporate Purposes: ₹6 cr
FLY HI MARITIME TRAVELS LIMITED promoters and holding
- Mr. Jitendra Kumar Negi: Promoter and Managing Director & Chairman
- Mr. Mridul Dilip Singhvi: Promoter & Whole Time Director
FLY HI MARITIME TRAVELS LIMITED strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Proven Track Record (p.130)
- Experienced Management (p.130)
- Established Relationships with Customers (p.130)
- Skilled and Hardworking Workforce (p.130)
- Distributor for better customer servicing (p.131)
- We derive a significant portion of revenue from markets outside India and any adverse developments in such markets or policies could adversely affect our business. (p.25)
- We depend on a limited number of customers; if they choose not to source from us, it may adversely affect our business. (p.25)
- Our Company operations require a significant amount of working capital for continuing growth. (p.26)
- Our Company has delayed in complying with certain statutory provisions under various laws. (p.26)
- There are certain discrepancies and non-compliances pertaining to GST, TDS, TCS, EPF and ESI noticed in some of our financial reporting. (p.27)
FLY HI MARITIME TRAVELS LIMITED market and competition
The company operates in a niche travel management sector, differentiating itself by offering services exclusively to commercial shipping companies for crew travel in a highly competitive and unorganised market.
FLY HI MARITIME TRAVELS LIMITED outlook, as the document states it
The company plans to expand internationally by appointing distributors in Europe, US, and UK, approach cruise lines to diversify its customer portfolio, and invest in digital tools to enhance operational efficiency.
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FLY HI MARITIME TRAVELS LIMITED IPO: common questions
When does the FLY HI MARITIME TRAVELS LIMITED IPO open and close?
The FLY HI MARITIME TRAVELS LIMITED IPO is open from 1 Sep 2026 to 3 Sep 2026.
What is the FLY HI MARITIME TRAVELS LIMITED IPO price band?
The price band is ₹102 per share.
What is the lot size and minimum investment for the FLY HI MARITIME TRAVELS LIMITED IPO?
One lot is 1200 shares, and a retail application must be at least one lot. That is about ₹2,44,800 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the FLY HI MARITIME TRAVELS LIMITED IPO subscribed?
As of 4 Sep 2026 the total subscription is 2.17×.
When are the FLY HI MARITIME TRAVELS LIMITED IPO allotment and listing dates?
Allotment is on 4 Sep 2026, as published. The listing date follows once the exchange confirms it.
How do I check the FLY HI MARITIME TRAVELS LIMITED IPO allotment status?
On the allotment status page published by KFin Technologies, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 704 SME IPOs that have listed on the NSE since 2016, 558 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.
FLY HI MARITIME TRAVELS LIMITED IPO allotment status
Allotment is on 4 Sep 2026, as published. Allotment is decided and published by the registrar, not by us. This issue's registrar is KFin Technologies.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →