Fly-Hi Maritime Travels Launches ₹52.63-Crore BSE SME IPO

Fly-Hi Maritime Travels, a travel and logistics company, will launch its ₹52.63-crore initial public offering (IPO) on the BSE SME platform on September 1. The fixed-price issue is set at ₹102 per share and will be open for subscription until Thursday.

The IPO comprises a fresh issue of 41.60 lakh shares and an offer-for-sale of 9.99 lakh shares. The company plans to list its shares on the BSE SME platform, with a tentative listing date set for September 8, 2026.

The net proceeds from the IPO will be used to fund the company's working capital requirements, debt repayment, business marketing, development activities, and general corporate purposes. Fly-Hi Maritime Travels operates in a specialized segment, providing comprehensive travel management solutions for crew members of commercial shipping companies.

The company is an IATA-accredited entity and focuses on supporting seamless crew movement in line with vessel schedules and operational requirements. In the financial year 2026, Fly-Hi Maritime Travels reported a total revenue of ₹62.21 crore and a profit after tax of ₹8.42 crore.

According to the company's promoters, Jitendra Kumar Negi and Mridul Dilip Singhvi, the IPO will strengthen the company's operations and financial capabilities as it grows in the specialized marine travel segment. The promoters also stated that the company intends to strengthen its position in the segment and tap opportunities arising from the evolving requirements of commercial shipping companies.

Corporate Makers Capital is the sole book-running lead manager for the IPO. The company's decision to go public is expected to provide a boost to its growth plans and expansion strategies.

The IPO launch is a significant development for Fly-Hi Maritime Travels, which has established itself as a key player in the marine travel segment. The company's focus on providing comprehensive travel management solutions has enabled it to build a strong reputation in the industry.

The BSE SME platform has emerged as a popular destination for small and medium-sized enterprises (SMEs) looking to raise capital and list their shares. The platform provides an opportunity for SMEs to access the capital markets and raise funds to fuel their growth plans.

The launch of Fly-Hi Maritime Travels' IPO is expected to generate significant interest among investors, who are looking to invest in companies with strong growth potential. The company's specialized segment and strong financial performance make it an attractive investment opportunity.

In conclusion, the launch of Fly-Hi Maritime Travels' IPO is a significant development for the company and the marine travel segment as a whole. The company's decision to go public is expected to provide a boost to its growth plans and expansion strategies, and investors are likely to take notice of this opportunity.

The IPO launch also highlights the growing importance of the BSE SME platform, which has emerged as a key destination for SMEs looking to raise capital and list their shares. As the Indian economy continues to grow and evolve, the demand for specialized travel management solutions is likely to increase, making Fly-Hi Maritime Travels a company to watch in the coming years.

Overall, the launch of Fly-Hi Maritime Travels' IPO is a positive development for the company and the industry, and it will be interesting to see how the company performs in the coming years.