Overview
Updated 12 days agoFly-Hi Maritime Travels Limited is a marine travel management company providing end-to-end travel solutions for commercial shipping crews. The company manages complex travel itineraries, including ticketing, visa coordination, and 24/7 emergency support for seafarers.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,22,400 |
| bNII (min) | 9 | 10,800 | ₹11,01,600 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Travel Services |
| Price band | ₹102 |
| Final issue price | ₹102.00 |
| Face value | ₹5 per share |
| Lot size | 1,200 shares |
| Minimum investment | ₹1,22,400 |
| Issue size | ₹53.00 Cr |
| Market cap at upper band | ₹146 Cr |
| P/E at upper band | 0.0x |
| Registrar | KFIN TECHNOLOGIES LIMITED |
| Lead managers | CORPORATE MAKERS CAPITAL LIMITED |
| NSE symbol | FLYHI |
| ISIN | INE2J7801015 |
Shareholder quota and promoter holding
Company & business
Fly-Hi Maritime Travels Limited, formerly known as Fly-Hi Maritime Travels Private Limited, is a specialized travel management company catering to the commercial shipping industry. The company provides comprehensive travel arrangements for seafarers, including global crew ticketing, route planning, visa and immigration coordination, and real-time travel monitoring. It operates with a centralized model from its corporate office in Mumbai and serves clients across multiple countries. The company is IATA accredited and focuses on managing the complexities of crew rotations, ensuring seamless travel from home countries to ports of boarding. Its services are designed to support shipping companies in maintaining vessel schedules and operational efficiency.
Objects of the issue — how the money will be used
- Funding Working Capital Requirements of our Company (₹24.24 Cr)
- Repayment/Pre-Payment of Loan (₹4 Cr)
- Business marketing and development activities (₹2.75 Cr)
- General Corporate Purposes
Key strengths
- Proven track record and experienced management team
- Established relationships with marquee commercial shipping clients
- Skilled and hardworking workforce
- Strategic use of distributors for better customer servicing
- Business operations in international markets
Key risks
- Significant portion of revenue derived from markets outside India
- High dependency on a limited number of key customers
- Requirement for significant working capital for growth
- Dependency on an exclusive distributor for a majority of revenue
- Reliance on third-party vendors and service providers
- Highly competitive and fragmented industry
- Potential for security breaches in IT systems
- Negative cash flows from investing activities in the past
Promoters
Mr. Jitendra Kumar Negi, Mr. Mridul Dilip Singhvi
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY23 | 48.02 | -- | 4.33 | 14.18 | 4.50 | 2.85 |
| FY24 | 45.08 | -- | 1.82 | 16.47 | 6.09 | 4.84 |
| FY25 | 45.40 | -- | 3.44 | 23.00 | 9.53 | 10.03 |
Key performance indicators · FY25
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.