BSE List Price : ₹81.60

subscription

Category	Times
QIBs	0.00x
HNIs	0.69x
Retail	3.66x
Total : 2.17x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹244,800
Retail Maximum	2	2,400	₹244,800
S-HNI Minimum	3	3,600	₹367,200

About the Company

Fly-Hi Maritime Travels Limited was originally incorporated as Fly-Hi Maritime Travels Private Limited on September 29, 2021, under the Companies Act, 2013. The Company was subsequently converted into a Public Limited Company pursuant to a shareholders’ resolution dated December 05, 2025, and its name was changed to Fly-Hi Maritime Travels Limited. A fresh Certificate of Incorporation was issued on December 08, 2025.

Business Overview

The Company provides end-to-end travel management services for crew members of commercial shipping companies, facilitating their travel from their home country to the designated port of boarding.

Its services cover airline ticketing, ground transportation, hotel accommodation, visa application assistance, and other travel-related arrangements required until the crew reaches the designated port.

24/7 Crew Travel Support

Crew movements are closely linked to vessel schedules, regulatory compliance, and operational continuity. The Company manages the complexities associated with crew travel on behalf of shipping companies and provides 24/7 travel support throughout the journey.

Tailor-Made Travel Solutions

Commercial shipping companies operate with crew members from various nationalities and locations, creating the need for customised travel arrangements. The Company develops tailored travel itineraries to ensure that each crew member reaches the designated port of boarding within the required timeframe and as per the applicable schedule.
 

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹45.41	₹42.87	₹1.82	₹16.47
2025	₹45.75	₹41.03	₹3.44	₹23.00
2026	₹62.21	₹50.85	₹8.43	₹37.94

Company Promoter

Jitendra Kumar Negi

Mridul Dilip Singhvi

Know before investing

• • Strengths

  The Company benefits from an experienced management team led by its Promoter and Managing Director, Mr. Jitendra Kumar Negi, who has over 14 years of experience in the commercial shipping industry. His industry knowledge and expertise have played a key role in establishing the Company’s initial customer base and continue to contribute to its business growth.

  The Company has established relationships with reputed and well-established companies in the commercial shipping industry, including multi-billion-dollar enterprises with several decades of industry experience.

  The Company has a geographically diversified customer base spread across more than six countries, including Cyprus, Greece, the USA, the UK, Singapore, the UAE, and India. This geographical diversification helps reduce exposure to risks associated with political instability, natural disasters, and other country-specific developments.
   

• • Risks

  The Company primarily caters to crew travel requirements of commercial shipping companies, resulting in a significant concentration of its revenue within a single industry. This dependence on one sector may expose the Company to industry-specific risks. The Company relies substantially on third-party aggregators for airline tickets, hotel bookings, and other travel-related requirements. Such dependence may affect the Company’s margins and limit its ability to expand its market reach. The Company’s margins may be affected by fluctuations in airfares, hotel rates, and other travel-related costs. Frequent changes in these expenses could result in volatility in the Company’s margins and financial performance.
   

Objects of the Issue & Utilisation of proceeds

Financing the Company’s working capital requirements
Partial repayment and/or prepayment of borrowings availed by the Company
Funding business marketing and development activities
General corporate purposes
Meeting expenses related to the issue

Company  Address

Fly-Hi Maritime Travels Ltd.
SF-04
2nd Floor
Vasant Square Mall, Vasant Kunj
New Delhi, New Delhi, 110070
Phone: +91-9152110080
Email: cs@fhmtravels.in
Website: https://fhmtravels.inww.aureatetradde.in/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: flyhi.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/