Fly-Hi Maritime IPO: ₹52.63 Cr Launch on Sept 1
By ThePip Desk
Fly-Hi Maritime Travels sets September 1, 2026, for its ₹52.63 Crore IPO on the BSE SME Platform, focusing on crew travel arrangements and global expansion.
Fly-Hi Maritime Travels Limited is launching its Initial Public Offering (IPO) on September 1, 2026, targeting ₹52.63 Crore.
IPO Details
- Issue Size: Up to 51,60,000 Equity Shares
- Face Value: ₹5 per equity share
- Price Band: ₹102 per equity share
- Listing Platform: SME Platform of BSE
The company plans to use the net proceeds primarily for funding working capital, repaying or pre-paying borrowings, and supporting business marketing and development activities.
Company Profile
Incorporated in 2021, Fly-Hi Maritime Travels is an IATA-accredited specialist in end-to-end travel arrangements for commercial shipping crew.
Mr. Jitendra Kumar Negi, Managing Director & Chairman, noted the IPO marks a significant milestone, reinforcing their position as a comprehensive logistics solutions provider.
The company generates over 90% of its revenue from international clients.
Growth Strategy
Fly-Hi Maritime Travels intends to expand its international presence and strengthen its customer base.
- Deploy technology to enhance operational efficiency
- Explore new segments like cruise-line crew travel
- Target European Union markets for further expansion
Financial Snapshot (FY26)
- Revenue from Operations: ₹6,203.63 Lakhs
- EBITDA: ₹1,249.20 Lakhs
- Profit After Tax (PAT): ₹842.58 Lakhs
Corporate Makers Capital Limited serves as the Lead Manager for the issue, with KFin Technologies Limited as the Registrar.