Fly-Hi Maritime Travels IPO

Fly-Hi Maritime Travels IPO is a fixed-price issue worth ₹52.63 crore. The IPO comprises a fresh issue of 41.60 lakh shares aggregating to ₹42.44 crore and an offer for sale of 10.00 lakh shares aggregating to ₹10.20 crore.

Corporate Makers Capital Limited is the book-running lead manager to the issue, and Kfin Technologies Limited is the registrar. Bhaijee Broking & Investments Private Limited is the market maker for the issue. For detailed information on the company's financials, business operations and associated risks, investors are advised to refer to the Fly-Hi Maritime IPO DRHP.

About Fly-Hi Maritime Travels Limited

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, and its name was changed to Fly-Hi Maritime Travels Limited on December 8, 2025.

The company specialises in providing end-to-end travel management solutions for crew members employed by commercial shipping companies. Its services are designed to facilitate the seamless movement of seafarers from their home countries to vessel boarding locations across global maritime routes.

Fly-Hi Maritime Travels manages a comprehensive range of travel-related services, including airline ticket bookings, ground transportation, hotel accommodation, visa processing, immigration assistance, transit arrangements, port coordination, OK-to-Board clearances, and continuous travel monitoring. The company also provides 24x7 emergency support for medical situations, urgent crew replacements, travel disruptions, and other operational contingencies.

The company primarily generates revenue by providing crew travel management and related logistics services to shipping companies. A significant portion of its revenue is derived from international operations, reflecting its focus on serving global maritime clients and facilitating crew movements across multiple jurisdictions.

Fly-Hi Maritime Travels has built its business around operational reliability, round-the-clock customer support, and specialised maritime travel expertise. Through its structured travel planning processes, international customer relationships, and overseas distribution presence, the company aims to strengthen its position within the global shipping crew travel management industry while expanding its customer base across international markets.

Industry Outlook

• Global commercial shipping continues to rely heavily on the efficient movement of seafarers between vessels and ports, creating sustained demand for specialised crew travel management services.
• Growth in international seaborne trade and fleet operations is increasing the requirement for coordinated travel, accommodation, visa, and immigration support services for maritime personnel.
• Shipping companies are increasingly outsourcing crew travel logistics to specialised service providers in order to improve operational efficiency and minimise disruptions to vessel schedules.
• Growing regulatory requirements related to immigration, transit permits, visa compliance, and crew welfare are supporting demand for professional travel management partners.
• The industry is becoming more technology-driven, with real-time travel monitoring, flight tracking, and contingency management playing an increasingly important role in crew mobilisation.
• Maritime travel service providers with international networks and round-the-clock support capabilities are well positioned to cater to the complex travel requirements of global shipping clients.
• Rising crew mobility across international shipping routes is expected to support long-term growth opportunities for companies providing integrated crew travel and logistics solutions.

Fly-Hi Maritime Travels IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Funding the working capital requirements of the company to support its day-to-day business operations.
2. Repayment of existing borrowings availed by the company.
3. Prepayment of a portion of outstanding debt obligations, thereby improving the capital structure.
4. Supporting business marketing initiatives to increase visibility and customer acquisition.
5. Funding business development activities aimed at expanding the customer base and market presence.
6. Strengthening operational capabilities to support future growth plans.
7. Meeting general corporate purposes and other strategic business requirements.

Financial Performance of Fly-Hi Maritime Travels Limited

Strengths and Opportunities of Fly-Hi Maritime Travels IPO

1. Specialised focus on crew travel management services for commercial shipping companies.
2. Comprehensive end-to-end service offerings covering ticketing, accommodation, visa processing, ground transportation, and port coordination.
3. Strong operational expertise in handling complex international crew movements.
4. Availability of 24x7 support services for emergency travel requirements and disruption management.
5. Established relationships with international shipping industry clients.
6. Significant revenue contribution from overseas operations, reflecting global market exposure.
7. Presence of a distributor in the UAE, enabling closer engagement with international customers and improved customer servicing.
8. Cost advantages arising from business operations managed from India, supporting competitive service delivery and margins.
9. Opportunities to expand into additional international markets through the appointment of new distributors and customer acquisition initiatives.

Risks and Threats of Fly-Hi Maritime Travels IPO

1. The company derives a substantial portion of its revenue from a limited number of key customers, creating customer concentration risk.
2. Loss of major customers or reduction in business volumes from existing customers could adversely affect revenue and profitability.
3. Dependence on international operations exposes the company to changes in foreign laws, regulations, and trade policies.
4. Any disruptions in global travel, aviation, visa processing, or immigration systems may impact service delivery.
5. The business requires significant working capital to support ongoing operations and growth.
6. Dependence on distributors for servicing international customers may expose the company to operational and business continuity risks.
7. Failure to secure new customer contracts on a regular basis could limit future growth prospects.
8. The company operates in a highly service-oriented industry where operational errors or delays could affect customer relationships and reputation.
9. Any adverse developments affecting global shipping activity, vessel operations, or crew movement requirements may negatively impact demand for the company's services.

Fly-Hi Maritime Travels IPO Reservation

Fly-Hi Maritime Travels IPO Promoter Holding

The promoters of the company are Jitendra Kumar Negi and Mridul Dilip Singhvi.

Fly-Hi Maritime Travels IPO Prospectus

• Fly-Hi Maritime Travels IPO DRHP

Fly-Hi Maritime Travels IPO Registrar and Lead Managers

Fly-Hi Maritime Travels IPO Lead Managers

• Smart Horizon Capital Advisors Private Limited

Registrar for Fly-Hi Maritime Travels IPO

Corporate Makers Capital Limited

• Contact Number: 040-79615565
• Email Address: ipo@kfintech.com

Fly-Hi Maritime Travels IPO Registrar

How To Apply for Fly-Hi Maritime Travels IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Fly-Hi Maritime Travels IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Fly-Hi Maritime Travels IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Don't miss the next investment opportunity - browse the Upcoming IPO on Angel One.

Contact Details of Fly-Hi Maritime Travels IPO

Registered Office: SF-04, 2nd Floor, Vasant Square Mall, Vasant Kunj, New Delhi, New Delhi, 110070.

Phone: +91-9152110080

E-mail: cs@fhmtravels.in