Fly-Hi Maritime IPO: Low Subscription on Day 2
By IPO Desk
Fly-Hi Maritime’s ₹52.63 crore IPO sees minimal investor interest, with only 0.03x subscription by the afternoon of its second bidding day on September 2, 2026.
Fly-Hi Maritime’s initial public offering recorded a mere 0.03 times subscription by early afternoon on September 2, 2026, marking a subdued response on its second day of bidding. This fixed-price issue targets ₹52.63 crore.
- Issue Size: ₹52.63 crore
- Issue Price: ₹102 per share
- Fresh Issue Shares: 41,60,000 (₹42.44 crore)
- Offer for Sale Shares: 10,00,000 (₹10.20 crore)
Subdued Investor Interest
Investor participation remained minimal, with only 65 total applications recorded. The IPO received bids for 1,56,000 shares against 48,96,000 shares available for public subscription.
- Individual Investor Category: 1,36,800 shares (0.06x subscribed)
- Non-Institutional Investor (NII) Segment: 19,200 shares (0.01x subscribed)
The public portion comprises 48,96,000 shares, after excluding 2,64,000 shares reserved for the market maker. Both individual and NII segments were allocated 24,48,000 shares each, representing 50% of the net offer.
IPO Timeline & Management
The offering, which opened on September 1, 2026, is set to close on September 3, 2026. This timeline outlines the subsequent key dates for the issue.
- Basis of Allotment: September 4, 2026
- Refunds and Share Credit: September 7, 2026
- Proposed Listing Date (BSE SME): September 8, 2026
Corporate Makers Capital Ltd. acts as the book running lead manager for the IPO. KFin Technologies Ltd. serves as the registrar to the issue, while Bhajee Broking & Investments Pvt. Ltd. holds the role of market maker.