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The company operates in a specialized niche within the travel and logistics sector, focusing on crew management for commercial shipping. Key risk factors could include fluctuations in the shipping industry, geopolitical events affecting maritime trade, and competition from other specialized travel management providers. The company’s reliance on IATA accreditation and its stated aim to tap into evolving industry needs are crucial aspects to monitor.
Fly-Hi Maritime Travels, a company focused on specialized travel solutions for commercial shipping crew members, is set to launch its initial public offering (IPO) next week, aiming to raise Rs 52.6 crore to fund its expansion plans.
The fixed-price issue, scheduled to open on September 1 and close on September 3, has set its share price at Rs 102. The offering comprises a fresh issue of 41.60 lakh shares and an offer-for-sale of 9.99 lakh shares, collectively valued at approximately Rs 52.63 crore.
The company plans to list its shares on the BSE SME platform, with a tentative listing date slated for September 8, 2026. The net proceeds from the IPO are earmarked for strengthening working capital, repaying debt, boosting business marketing and development activities, and general corporate purposes.
Fly-Hi Maritime Travels operates within a niche segment, providing comprehensive travel management for seafarers, ensuring their movements align with vessel schedules and operational needs. The company holds IATA accreditation.
In the fiscal year 2026, Fly-Hi Maritime Travels reported a total revenue of Rs 62.21 crore and a profit after tax of Rs 8.42 crore. Promoters Jitendra Kumar Negi and Mridul Dilip Singhvi stated that the IPO will enhance the company’s operational and financial capacities within the marine travel sector.
They further expressed an intention to solidify the company’s market position and capitalize on opportunities arising from the evolving demands of the commercial shipping industry.
Corporate Makers Capital is serving as the sole book-running lead manager for this IPO.
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