Fly-Hi Maritime Travels Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹102
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,22,400
Issue Size
₹52.63 Cr
Face Value
₹5
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Fly-Hi Maritime Travels Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
80%
Promoter Holding (Post-Issue)
49.48%
Issue Type
Fixed Price - SME
ISIN
INE2J7801015
About the Company
Our 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. We 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. Our role is to absorb this complexity on behalf of shipping companies by planning and making end to end travel arrangements for the crew members and by offering them 24/7 support during their travel from their home country to the port of boarding. Modern shipping fleets operate with crew of mixed nationalities and therefore each crew member has to have a tailor made travel itinerary to ensure their arrival to the port of boarding as per the desired time and schedule. We work with commercial shipping companies to move their crew from countries to the port of boarding, we have commercial shipping companies as our customers from more than 6 countries. We offer the following services to the commercial shipping companies for their crew travel.
Industry Overview
The Shipping crew travel management refers to the organised planning, booking, and coordination of seafarers' movement between vessels, ports, and home locations. It covers logistics such as air travel, visa processing, accommodation, and ground transport, while ensuring compliance with applicable maritime regulations and safety requirements. The objective is to facilitate timely crew rotations, limit vessel downtime, and support crew movement during assignments. Given the complexity of global shipping routes and evolving regulatory conditions, specialised travel-management services are increasingly required by shipping companies, ship managers, and offshore operators. These services assist in coordinating crew movements, improving operational efficiency, and reducing travel-related risks. The market is influenced by rising cross-border workforce movement, greater deployment of multinational crew, and increasing operational complexity arising from irregular vessel schedules, weather-related disruptions, and short notice port changes. Shipping operators require travel-management support with marine-focused capabilities, quick response mechanisms, and access to global supplier networks to maintain continuity in crew movements. The use of digital platforms, automated scheduling tools, predictive disruption management systems, and mobile applications for seafarers is improving transparency, accuracy, and efficiency in travel planning. Travel management entities are also expected to provide comprehensive compliance support as immigration requirements, port health rules, and documentation obligations continue to change. Duty-of-care considerations are gaining relevance, with shipping companies assessing route safety, layover conditions, and travel policies that account for crew well-being. Environmental factors are also being incorporated into decision making, including evaluation of lower-emission travel choices, responsible accommodation options, and basic carbon tracking mechanisms. The Global Shipping Crew Travel Management Market is moving toward a technology enabled and compliance-oriented service model with greater emphasis on operational resilience.
Company History
Our Company was originally incorporated as a Private Limited Company under the name of "Fly-Hi Maritime Travels Private Limited" on September 29, 2021 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Further our Company was converted into Public Limited pursuant to resolution passed by our shareholders at Extra ordinary general meeting held on December 05, 2025 name of our company was changed from "Fly-Hi Maritime Travels Private Limited" to "Fly-Hi Maritime Travels Limited" and a fresh Certificate of Incorporation pursuant to conversion into Public Limited dated December 08, 2025 issued by the Registrar of Companies, Central Processing Centre. The CIN of our Company is U63030DL2021PLC387367.
Growth Strategy
- Appointing Distributors.
- Digital Tools for Efficient Operations.
- Onboarding Customers from Different Industry Segment.
- Expanding in International Markets.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of up to 51,60,000 equity shares of face value of Rs. 5/- each of Fly-Hi Maritime Travels Limited for cash at an issue price of Rs. 102/- per equity share (including a premium of Rs. 97/- per equity share) ("Issue Price") aggregating up to Rs. 52.63 Crores comprising of fresh issue of up to 41,60,400 equity shares aggregating to Rs. 42.44 Crores ("Fresh Issue") and an offer for sale of up to 9,99,600 equity shares by Jitendra Kumar Negi ("Selling Shareholder") aggregating to Rs. 10.20 Crores ("Offer For Sale") ("The Issue") and up to 2,64,000 equity shares at an issue price of Rs. 102 per share aggregating to Rs. 2.69 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of up to 48,96,000 equity shares of face value of Rs. 5/- each at an issue price of Rs. 102 per equity share aggregating to Rs. 49.94 Crores ("Net Issue"). The issue and the net issue will constitute 36.39% and 34.53%, respectively, of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 5/- each. Issue price: Rs. 102/- per equity share of face value of Rs. 5/- each. The issue price is 20.40 times the face value of equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Proven Track Record.
- Experienced Management.
- Establish Relationship with Customers.
- Skilled and hardworking force.
- Distributor for better customer servicing.
- 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.