Fly-Hi Maritime Travels IPO
Miscellaneous • ₹53cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Working capital or debt pressure highlighted in DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹102
Lot Size
1200 shares
Issue Size
₹53cr
Open
01 Sept 2026
Close
03 Sept 2026
Subscription
—
IPO Schedule
| Issue Open Date | 01 Sept 2026 |
| Issue Close Date | 03 Sept 2026 |
| Allotment Date | 04 Sept 2026 |
| Listing Date | 08 Sept 2026 |
About Fly-Hi Maritime Travels
Fly-Hi Maritime Travels Limited is a marine travel company engaged in managing end-to-end travel arrangements for crew members of commercial shipping companies. The company was incorporated in September 2021 and was converted into a public limited company in December 2025. The company manages various aspects of crew travel, including airline tickets, ground transportation, hotel accommodation, and visa applications, to facilitate the movement of crew members from their home countries to their designated ports of boarding. The company works with commercial shipping companies across more than six countries and focuses exclusively on addressing the travel requirements of maritime crew. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes: Funding working capital requirements of the company — Rs 24.24 crore Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the company — Rs 4 crore Towards talent acquisition for business marketing and development activities — Rs 1.80 crore General corporate purposes — Rs 6.36 crore
Company Details
Founders / Promoters
Mr Jitendra Kumar Negi
Founded
2021
Registrar
KFin Techologies Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Fly-Hi Maritime Travels — IPOFins Verdict
QuantitativeDriven by elevated disclosed risk (8/10), Fly-Hi Maritime Travels listed at a discount of 20.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Provides comprehensive end-to-end travel solutions for shipping crews.
- Ensures continuous 24/7 travel and transit support for crew members.
- Strong established relationships with large commercial shipping clients.
- Led by highly experienced promoters with deep maritime industry knowledge.
- Effectively absorbs logistical complexities to prevent vessel schedule delays.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Actual listing outcome → score −1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹102
Listing Price
₹81.6
Listing Gain/Loss
-20.00%
Listing Date
08 Sept 2026
Price Since Listing
Returns are measured against the ₹102 issue price.
Listing
₹81.6
-20.0%
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FAQ
What is the price band of Fly-Hi Maritime Travels IPO?
The price band is ₹102 per share with a lot size of 1200 shares. Minimum investment: ₹1,22,400.
What does Fly-Hi Maritime Travels do?
Fly-Hi Maritime Travels Limited is a marine travel company engaged in managing end-to-end travel arrangements for crew members of commercial shipping companies. The company was incorporated in September 2021 and was converted into a public limited company in December 2025. The company manages various aspects of crew travel, including airline tickets, ground transportation, hotel accommodation, and visa applications, to facilitate the movement of crew members from their home countries to their designated ports of boarding. The company works with commercial shipping companies across more than six countries and focuses exclusively on addressing the travel requirements of maritime crew. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes: Funding working capital requirements of the company — Rs 24.24 crore Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the company — Rs 4 crore Towards talent acquisition for business marketing and development activities — Rs 1.80 crore General corporate purposes — Rs 6.36 crore
Should I apply for Fly-Hi Maritime Travels IPO?
Fly-Hi Maritime Travels listed at ₹81.6 (-20.0% discount to the ₹102 issue price). IPOFins Score 2/10: Driven by elevated disclosed risk (8/10), Fly-Hi Maritime Travels listed at a discount of 20.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Fly-Hi Maritime Travels?
Fly-Hi Maritime Travels was founded by Mr Jitendra Kumar Negi in 2021.