Fly-Hi Maritime Travels Limited
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Fly-Hi Maritime Travels Limited's successfully transitioned to public market status with its listing on BSE on Sep 08, 2026. The IPO mobilized 51,60,000 Shares in cumulative capital, including 41,60,400 Shares for corporate expansion and ₹10.19 Cr for shareholder liquidity management.
The public offering was conducted within the price parameters of ₹102 to ₹102, with minimum investment lots of 1200 shares. subscription activity between Sep 01, 2026 and Sep 03, 2026 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Sep 04, 2026, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Fly-Hi Maritime Travels Ltd is a travel and logistics company that manages complete travel arrangements for crew members of commercial shipping companies, ensuring smooth movement from their home country to the boarding port. The company specializes in services like ticket booking, visa assistance, and global travel coordination for maritime and offshore industries. It provides end-to-end travel solutions to shipping companies and ship managers, focusing on timely crew transfers, cost efficiency, and compliance with international travel rules. With strong airline partnerships and industry experience, the company aims to deliver reliable and efficient services worldwide. As of December 16, 2025, it had 47 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Management: Promoter and Managing Director Mr. Jitendra Kumar Negi has over 14 years of experience in the commercial shipping industry. His experience has helped the company build its customer base and support business growth.
- Strong Customer Base: The company serves several well-established and financially strong companies in the commercial shipping industry.
- Diversified Geographical Presence: The company serves customers across more than 6 countries, including Cyprus, Greece, the USA, UK, Singapore, UAE and India. This helps reduce dependence on any single country or market.
- Industry Concentration: The company mainly provides travel solutions for the crew of commercial shipping companies. This makes its business highly dependent on the commercial shipping industry.
- Reliance on Third-Party Aggregators: The company depends heavily on third-party aggregators for airline tickets, hotels and other travel services. This could affect its profit margins and ability to expand its market reach.
- Price Volatility: Changes in airfares, hotel rates and other travel costs may affect the company’s pricing and profit margins.
- Mr. Jitendra Kumar Negi
- Mr. Mridul Dilip Singhvi
Fly-Hi Maritime Travels Limited
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